Technology evaluation is a process of deciding technology value and technology commercialization is a process of converting R&D results into economic outcomes. It is very important to apply technology evaluation appropriately on technology commerciali...
Technology evaluation is a process of deciding technology value and technology commercialization is a process of converting R&D results into economic outcomes. It is very important to apply technology evaluation appropriately on technology commercialization in order to have a meaningful contribution to the economy.
While most technology evaluations focus on the result of technological developments or technological competitiveness of fully commercialized firms, this study focused on verifying reliability of an evaluation index using a study model that analyzes the relationship between the technology evaluation index used for R&BD venture investment and the performance of its technology commercialization.
According to the result of this empirical study, technology commercialization capability was significant to technology commercialization success, technology management ability and commercializing possibility were very significant to technology commercialization success. Especially, the results of logistical analysis show that the fractionation accuracy is 83%, suggesting that it is meaningful. It has also shown that the higher the technology commercialization capability calculated through technology evaluation process, the more successful were technology commercializations. And R&BD projects can analyze the influential factors that commercialize the technological achievements. Moreover, it helps to predict and establish technology commercialization capability evaluation index appropriate for each factors.
The result of this empirical study will contribute highly in increasing the practical use of technology evaluation index for technology venture investment.