Gaps between industrialist and academia in commercializing research products: industrial perspectives

Abstract

This study revealed that commercialization of research products in Malaysia is still not at satisfactory level. One of the reasons is due to the weak partnership between industrialist and academia in commercializing research products. As such, this paper aims to reduce the gap between industrialist and academia in commercializing research products. For this purpose, interview sessions with three industrialists were conducted. This paper found three important issues arise in partnership between industrialist and academis in commercializing research products. These issues are: (a) expensive charge of Intellectual Property, b) red tapes procedures and c) attitude of academia. By understanding these issues, the gap between industrialist and academia can be reduced and commercialization activities can be effectively achieved.
Keywords: industry-university collaboration; research products; commercialization.