Number of Pages : 51 leaves
Adviser : Prof. Edison D. Cruz
Abstract
Knowledge and human capital are the building blocks of any business enterprise and considered as driving forces of an economy. Studies correlate that research output has significant influence in economic growth of developing countries. Research and Development starts in the four corners of the classroom. In the Philippines, the academic research output of universities is lagging behind neighboring countries in Asia. This can be observed as Philippine universities have shown less activity in terms of published papers, patent applications and spin offs. This opens an opportunity to assess the current process of academic research, specifically the higher education institutions, and recommend means of improvement to increase the quality of research done by students and faculty.
This study explores the potential of boosting commercialization of university research as a strategy to drive industrial innovation and contribute to economic growth in the long run. Higher education institutions, as part of the national innovation system, are expected to be a predominant source of research output. Faculty members are challenged to balance teaching load and research activities. Undergraduate university research often stops at submission of the final paper to complete requirements. Researchers are not motivated to pursue technology transfer mechanisms upon completion of research. Several of these technologies from academic research have the potential for patent application and be commercialized through licensing and new business formation through technology start-ups and spin offs. University inventions and developed technologies not being commercialized are considered missed opportunities. The academic research commercialization process still has a room for improvement that must be addressed to prevent the loss of opportunity.
This study explores the potential of boosting commercialization of university research as a strategy to drive industrial innovation and contribute to economic growth in the long run. Higher education institutions, as part of the national innovation system, are expected to be a predominant source of research output. Faculty members are challenged to balance teaching load and research activities. Undergraduate university research often stops at submission of the final paper to complete requirements. Researchers are not motivated to pursue technology transfer mechanisms upon completion of research. Several of these technologies from academic research have the potential for patent application and be commercialized through licensing and new business formation through technology start-ups and spin offs. University inventions and developed technologies not being commercialized are considered missed opportunities. The academic research commercialization process still has a room for improvement that must be addressed to prevent the loss of opportunity.
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