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With inward IP licensing, manufacturing SMEs can accumulate and strengthen their technological capability from the search and use of external technology [52].
Technology licensing has become an important way to adopt external technology in the growing markets for technology.
Here, projects can be launched from either internal or external technology sources, and new technology can join the process at various stages.
Such an exercise is instrumental for private companies and research institutes aiming at both internal or external technology creation.
Based on the empirical results from the Korean Innovation Survey, this study finds evidence that adopting external technology through licensing-in does not always enhance innovative performance.
The label's second title, Candy Train, was created by Sophia Hohing who originally worked for an external technology group, until she asked if she could take part in Popcamp.
Similar(32)
Neither company would say whether they had a partnership; representatives for Tronc said that its automated video production would be a mixture of "internal and external" technologies.
The shift in orientation was reflected in the group's adoption of a new name—"sustainable business and innovation"—and the creation of the SB&I lab, an in-house group that includes members with private equity and venture capital expertise and is charged with seeking external technologies and partnerships to advance the sustainability agenda.
Whilst external R&D affects large self-reliant firms negatively, its impact on the productivity of smaller firms (who usually introduce incremental innovations that are characterized by a strong reliance on external technologies) is positive, and even higher than that of their own R&D.
External technologies are easy to get rid of when they no longer work.
Acquisition refers to the absorption of external technologies whereas exploitation refers to technology commercialization.
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