Moving Ideas from Lab to Marketplace: A Guide to Research

Entrepreneur & Innovation Exchange, Published online at EIX.org on January 31 2020, DOI: 10.32617/421-5e344b2776e50

Posted: 5 Mar 2020

See all articles by Riccardo Fini

Riccardo Fini

University of Bologna - Department of Management; Imperial College London

Einar Rasmussen

Nord Universtiy

Johan Wiklund

Syracuse University

Mike Wright

Imperial College London

Date Written: January 31, 2020

Abstract

Many of today’s best innovations – the ones that have created powerhouse companies and have transformed industries, regions and society itself – started as a discovery in a lab. Firms that know how to turn a promising discovery into a viable product gain a tremendous competitive advantage. Science commercialization drives innovation in many industries and localities, and is an important part of innovation and technology management. New scientific inventions and knowledge creation also can impact society, and ultimately can contribute to developing a better world. Not surprisingly, more academic researchers are studying how science can be effectively commercialized, emphasizing technology-commercialization activities, university-industry collaborations, and academic entrepreneurship. We reviewed the leading management journals and identified 40 articles from the past 15 years that used empirical data from science commercialization to advance management research. Two major themes emerged. The two themes were: (a) managing the complex, bumpy and time-consuming process of moving from academic to commercial contexts, and (b) issues that arise when the people engaged in science commercialization try to balance different goals amongst stakeholders. This article highlights key areas that are addressed within each of the two themes. A deeper discussion can be found in our Journal of Management Studies article and in the other articles referenced.

Keywords: university-industry relationship; academic entrepreneurship; science commercialisation; management studies

JEL Classification: 03

Suggested Citation

Fini, Riccardo and Rasmussen, Einar and Wiklund, Johan and Wright, Mike, Moving Ideas from Lab to Marketplace: A Guide to Research (January 31, 2020). Entrepreneur & Innovation Exchange, Published online at EIX.org on January 31 2020, DOI: 10.32617/421-5e344b2776e50. Available at SSRN: https://ssrn.com/abstract=3531527

Riccardo Fini (Contact Author)

University of Bologna - Department of Management ( email )

Via Terracini 28
Bologna, 40131
Italy

HOME PAGE: http://www.unibo.it/faculty/riccardo.fini

Imperial College London ( email )

South Kensington Campus
London SW7 2AZ, DC
United Kingdom

HOME PAGE: http://www3.imperial.ac.uk/people/r.fini

Einar Rasmussen

Nord Universtiy ( email )

Post Office Box 1490
Bodø, Nordland 8049
Norway

Johan Wiklund

Syracuse University ( email )

Whitman School of Management
720 University Avenue
Syracuse, NY 13244-2130
United States

Mike Wright

Imperial College London ( email )

South Kensington Campus
Exhibition Road
London, Greater London SW7 2AZ
United Kingdom

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