The Impact of Commercialization to the Research Institutions

Nor Azlin Mohd Zaki; Abd Rahman Abdul Rahim; Fakhruldin Mohd Hashim

Authors

Nor Azlin Mohd Zaki Razak Faculty of Technology and Informatics, Universiti Teknologi Malaysia, 54100 Kuala Lumpur, Malaysia
Abd Rahman Abdul Rahim Razak Faculty of Technology and Informatics, Universiti Teknologi Malaysia, 54100 Kuala Lumpur, Malaysia
Fakhruldin Mohd Hashim Gas Separation Research Centre, Universiti Teknologi PETRONAS, 32610 Seri Iskandar, Perak, Malaysia

Keywords:

Commercialization, Commercialization Impacts, Innovation, Research and Development, University Research

Abstract

The increasing number of commercialization of research and innovation has given a significant impact to the universities and other research institutions. This paper is to examine the impact of commercialization of research and innovation to the research institutions. The study was derived from the 119 research articles that were published from 2008 to 2019 from various sources such as Google Scholar, Scopus and Web of Science. The five impacts of societal benefits; economic growth; industry partnerships; reputation and entrepreneurship, are among the impacts found the most in the previous studies. These findings have proven that commercialization is not only beneficial to the research and innovation it selves but it also has a major positive impact to the region’s economy and human life.