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Abstract

In the past decade, a number of diverse factors converged to propel the issue of technology commercialisation and the role of innovation in stimulating economic growth to the forefront of attention in both industry and academe. Universities, in partnership with industry, are playing an increasingly important role in the innovation and commercialisation process. This article, which is written in chapter format, examines at a macro level the issues related to technology commercialisation, the issue of complexity, the commercialisation process, and the challenges associated with commercialisation of technology. This lecture article/chapter has been peer reviewed by the editorial board of the International Journal of Entrepreneurship Education (IJEE).

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Abstract

In the past decade, a number of diverse factors converged to propel the issue of technology commercialisation and the role of innovation in stimulating economic growth to the forefront of attention in both industry and academe. Universities, in partnership with industry, are playing an increasingly important role in the innovation and commercialisation process. This article, which is written in chapter format, examines at a macro level the issues related to technology commercialisation, the issue of complexity, the commercialisation process, and the challenges associated with commercialisation of technology. This lecture article/chapter has been peer reviewed by the editorial board of the International Journal of Entrepreneurship Education (IJEE).

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