The empirical results show that reverse engineering positively interacts with forward engineering; Firms with input in reverse engineering have more innovation output and a greater level of innovation commercialization than firms without input in reverse engineering.
The paper concludes with lessons learned from the 3M experience thus far, and with recommendations on how to fight some of the barriers to innovation and technology commercialization in large firms.
Within the context of an IPO, we argue that the technology commercialization strategy of a firm going public affects information asymmetries and, therefore, IPO underpricing.
Motorola's partnership with privately held Molecular Imprints of Austin, Tex., is the successful result of multiple areas of nanotechnology and commercialization (Full disclosure: my firm Lux Capital is an investor in Molecular Imprints).
First, does presentation design, and the presenting entrepreneur's passion and preparedness, influence experts' assessment of the merit and commercialization potential of an emerging firm's technology?
In particular, we theorize that underpricing will be higher when a firm's technology commercialization strategy is more based on licenses.
The soy adhesive is comparable in cost to the urea- and phenol-formaldehyde adhesives, says Charles Grabiel, commercialization manager for the consulting firm Omni Tech International and an adviser to the United Soybean Board.
They enter upstream partnerships with public sector research institutions, and later form commercialization alliances with established, downstream firms.
Some authors associate small firms with the commercialization of disruptive technologies that generate discontinuous innovations (Kassicieh et al., 2002; Jimenez and Sanz, 2010).
Between the first and second year of the program, students start to implement their newly acquired knowledge and gain practical experience by completing a 4-month internship with a firm in the technology- commercialization field.
