The Impact of Commercialization to the Research Institutions

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.