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Analysis of Factors Influencing Technology Transfer: A Structural Equation Modeling Based Approach

Author

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  • Sandeep Singhai

    (Academy of Scientific and Innovative Research (AcSIR), Ghaziabad 201002, India
    CSIR-CSIO, Sector 30 C, Chandigarh 160030, India)

  • Ritika Singh

    (CSIR-CSIO, Sector 30 C, Chandigarh 160030, India)

  • Harish Kumar Sardana

    (Academy of Scientific and Innovative Research (AcSIR), Ghaziabad 201002, India
    CSIR-CSIO, Sector 30 C, Chandigarh 160030, India)

  • Anuradha Madhukar

    (Academy of Scientific and Innovative Research (AcSIR), Ghaziabad 201002, India
    International S&T Affairs Directorate, CSIR, New Delhi 110001, India)

Abstract

Technology transfer is one of the facets of academic entrepreneurship and acts as a vital element of the innovation system. It forms a sustainable link between research and business communities. A holistic model for successfully transferring technology in developing countries is an unmet need in the context of technology transfer from public-funded academic research institutions to small and medium enterprises. In this work, we developed a conceptual model and undertook an empirical study for the determinants of successful transfer. A questionnaire was prepared and administered to key stakeholders involved in technology transfer. Overall, 321 respondents participated in the survey with congener demography. The conceptualized input factors, viz. micro-level, meso-level, and macro-level factors, are significantly interrelated. The contribution of input factors towards the successful transfer of technology was extensively analyzed and tested using covariance-based structural equation modeling. The results show that the model is a good fit. The study revealed that communication, innovativeness, knowledge, quality of the product, and motivation were the five most important factors for successfully transferring technology.

Suggested Citation

  • Sandeep Singhai & Ritika Singh & Harish Kumar Sardana & Anuradha Madhukar, 2021. "Analysis of Factors Influencing Technology Transfer: A Structural Equation Modeling Based Approach," Sustainability, MDPI, vol. 13(10), pages 1-15, May.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:10:p:5600-:d:556436
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