R&D commercialization challenges for developing countries : the case of Malaysia

Abstract

This paper attempts to draw some lessons for the R&D commercialization efforts of developing countries by analyzing the current policies, institutions and programs and the success of commercialization activities in Malaysia. The paper also illustrates the potential barriers of commercialization. The findings suggest that a more proactive approach is needed in any attempt of commercialization in developing countries. Crucial factors limiting commercialization success includes availability of commercialization funds, greater government, industry and university linkages, better internal structure and intellectual property management systems and effective institutional supports.