A Taxonomy of Small Firm Technology Commercialization

Industrial and Corporate Change, Forthcoming

35 Pages Posted: 16 Dec 2012

See all articles by Dirk Libaers

Dirk Libaers

University of Missouri-Kansas City

Diana Hicks

Georgia Institute of Technology

Alan Porter

Georgia Institute of Technology - School of Public Policy

Date Written: December 16, 2012

Abstract

This article proposes a taxonomy of business models used by small, highly innovative firms focused on technology commercialization. Such firms disproportionately contribute to technological change in the US economy. The firms operate across industries and use a variety of technology platforms. Exploratory factor analysis of keyword occurrence on firm websites generated a taxonomy comprising: research organization; development stage biosciences; highly specialized component supplier; specialized subcontractor; product solutions providers; and service solutions providers. This framework provides entrepreneurs and policy makers with an overview of new technology commercialization paths tailored to small, innovative firms.

Keywords: technology commercialization, business models

JEL Classification: O31, M13

Suggested Citation

Libaers, Dirk and Hicks, Diana and Porter, Alan, A Taxonomy of Small Firm Technology Commercialization (December 16, 2012). Industrial and Corporate Change, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2190059

Dirk Libaers (Contact Author)

University of Missouri-Kansas City ( email )

5110 Cherry St.
Kansas City, MO 64110
United States

Diana Hicks

Georgia Institute of Technology ( email )

Atlanta, GA 30332
United States

Alan Porter

Georgia Institute of Technology - School of Public Policy ( email )

685 Cherry St.
Atlanta, GA 30332-0345
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
30
Abstract Views
708
PlumX Metrics