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The growth of China’s technology transfer industry over the next decade: implications for global markets

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  • Clifford Gross

Abstract

China has moved mightily over the last 30 years to increase its capacity to develop indigenous technology to invigorate its industrial base and shift it from the world’s factory to the world’s developer and manufacturer of products. To achieve this requires buttressing an emerging intellectual property system, increasing university research while encouraging scientists to patent and commercialize their discoveries. Additionally, the development of a functioning and agile venture capital system to invest in these new technologies, coupled with liquid equity markets for consummating IPO’s have been developed in record time. Will these remarkable efforts be sufficient to allow China to dominate the technology transfer market domestically or internationally over the next 10 years? The conclusions are twofold: on one hand, China undoubtedly will become the world’s largest customer for technology transfers both domestically and internationally, but global leadership in new technology development and licensing from research institutions is unlikely to be achieved over the next 10 years. Foreign firms, especially those within the US or with strong ties to the US are most likely to dominate this sector due to the US’s comprehensive university network coupled with its well established IP technology transfer industry. Copyright Springer Science+Business Media, LLC 2013

Suggested Citation

  • Clifford Gross, 2013. "The growth of China’s technology transfer industry over the next decade: implications for global markets," The Journal of Technology Transfer, Springer, vol. 38(5), pages 716-747, October.
    • Handle: RePEc:kap:jtecht:v:38:y:2013:i:5:p:716-747
    DOI: 10.1007/s10961-012-9263-x
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    References listed on IDEAS

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    1. Chunlin Zhang & Douglas Zhihua Zeng & William Peter Mako & James Seward, 2009. "Promoting Enterprise-led Innovation in China," World Bank Publications - Books, The World Bank Group, number 2619, December.
    2. Weiping Wu, 2010. "Managing and incentivizing research commercialization in Chinese Universities," The Journal of Technology Transfer, Springer, vol. 35(2), pages 203-224, April.
    3. Ashley J. Stevens, 2004. "The Enactment of Bayh--Dole," The Journal of Technology Transfer, Springer, vol. 29(1), pages 93-99, January.
    4. Bangcheng Liu & Ningyu Tang & Xiaomei Zhu, 2008. "Transferring technology across borders: institutional effects in Chinese context," The Journal of Technology Transfer, Springer, vol. 33(6), pages 619-630, December.
    5. George Farris, 2007. "Research on innovation management and technology transfer in China," The Journal of Technology Transfer, Springer, vol. 32(1), pages 123-126, April.
    6. Marcotte, Claude & Niosi, Jorge, 2000. "Technology Transfer to China: The Issues of Knowledge and Learning," The Journal of Technology Transfer, Springer, vol. 25(1), pages 43-57, March.
    7. Anja Schmiele, 2012. "Drivers for international innovation activities in developed and emerging countries," The Journal of Technology Transfer, Springer, vol. 37(1), pages 98-123, February.
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    Cited by:

    1. Yuandi Wang & Xin Pan & Lutao Ning & Jian Li & Jin Chen, 2015. "Technology exchange patterns in China: an analysis of regional data," The Journal of Technology Transfer, Springer, vol. 40(2), pages 252-272, April.
    2. Wei Yang & Xiang Yu & Dian Wang & Jinrui Yang & Ben Zhang, 2021. "Spatio-temporal evolution of technology flows in China: patent licensing networks 2000–2017," The Journal of Technology Transfer, Springer, vol. 46(5), pages 1674-1703, October.
    3. Zhen Zhang & Joshua Hinger & David Audretsch & Guojun Song, 2015. "Environmental technology transfer and emission standards for industry in China," The Journal of Technology Transfer, Springer, vol. 40(5), pages 743-759, October.

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    More about this item

    Keywords

    China; Technology transfer; Intellectual property; Venture capital; O33; O34; G24;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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