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R&D Venture: proposition of a technology transfer concept for breakthrough technologies with R&D cooperation: A case study in the energy sector

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  • Stephan Hess

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  • Roland Siegwart

    ()

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    Abstract

    At times when the market demands strong active innovation, large industrial corporations with established R&D organizations benefit from screening and developing breakthrough innovation. The ability of established organizations to absorb for future technologies is a key to successfully recognize, explore and capture breakthrough innovations. R&D Venturing is a practical way of bringing about technology transfer and exploration of future technologies through R&D cooperation, which is described in this paper by a multiple case study in the energy sector. Existing literature has been reviewed and an R&D Venturing concept will be suggested with a number of propositions for implementation. The results of the case study strongly support that different perspectives of the concept from industry, academia and the ventures themselves have to be carefully understood. Based on the results of the case study, a conceptual framework and propositions for a successful implementation have been derived. A critical discussion of the R&D Venturing concept shows the need for further empirical investigation. Copyright Springer Science+Business Media, LLC 2013

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    Bibliographic Info

    Article provided by Springer in its journal The Journal of Technology Transfer.

    Volume (Year): 38 (2013)
    Issue (Month): 2 (April)
    Pages: 153-179

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    Handle: RePEc:kap:jtecht:v:38:y:2013:i:2:p:153-179

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    Web page: http://www.springerlink.com/link.asp?id=104998

    Related research

    Keywords: R&D management; Technology transfer; Innovation management; Breakthrough technologies; Technology life cycle management; Corporate venturing; O31; O32; O33; L2; L3; L64; L97;

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    1. Martin Meyer, 2006. "Academic Inventiveness and Entrepreneurship: On the Importance of Start-up Companies in Commercializing Academic Patents," The Journal of Technology Transfer, Springer, vol. 31(4), pages 501-510, 07.
    2. James D. Adams, 2004. "Industrial R&D Laboratories: Windows on Black Boxes?," Rensselaer Working Papers in Economics 0419, Rensselaer Polytechnic Institute, Department of Economics.
    3. Massimo Colombo & Diego D’Adda & Evila Piva, 2010. "The contribution of university research to the growth of academic start-ups: an empirical analysis," The Journal of Technology Transfer, Springer, vol. 35(1), pages 113-140, February.
    4. Audretsch, David B, et al, 2002. " The Economics of Science and Technology," The Journal of Technology Transfer, Springer, vol. 27(2), pages 155-203, April.
    5. Damiano Bonardo & Stefano Paleari & Silvio Vismara, 2010. "The M&A dynamics of European science-based entrepreneurial firms," The Journal of Technology Transfer, Springer, vol. 35(1), pages 141-180, February.
    6. Dushnitsky, Gary & Lenox, Michael J., 2005. "When do incumbents learn from entrepreneurial ventures?: Corporate venture capital and investing firm innovation rates," Research Policy, Elsevier, vol. 34(5), pages 615-639, June.
    7. Hussinger, Katrin, 2010. "Absorptive capacity and post-acquisition inventor productivity," ZEW Discussion Papers 10-066, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    8. Ekaterina Bjørnåli & Magnus Gulbrandsen, 2010. "Exploring board formation and evolution of board composition in academic spin-offs," The Journal of Technology Transfer, Springer, vol. 35(1), pages 92-112, February.
    9. Michel Ferrary, 2008. "Strategic spin-off: a new incentive contract for managing R&D researchers," The Journal of Technology Transfer, Springer, vol. 33(6), pages 600-618, December.
    10. Kanter, Rosabeth, 1985. "Supporting innovation and venture development in established companies," Journal of Business Venturing, Elsevier, vol. 1(1), pages 47-60.
    11. Craig Galbraith & Sanford Ehrlich & Alex DeNoble, 2006. "Predicting Technology Success: Identifying Key Predictors and Assessing Expert Evaluation for Advanced Technologies," The Journal of Technology Transfer, Springer, vol. 31(6), pages 673-684, November.
    12. Colm O’Gorman & Orla Byrne & Dipti Pandya, 2008. "How scientists commercialise new knowledge via entrepreneurship," The Journal of Technology Transfer, Springer, vol. 33(1), pages 23-43, February.
    13. Rebecca Henderson, 1993. "Underinvestment and Incompetence as Responses to Radical Innovation: Evidence from the Photolithographic Alignment Equipment Industry," RAND Journal of Economics, The RAND Corporation, vol. 24(2), pages 248-270, Summer.
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