Abstract
Increasingly researchers are expected to demonstrate the real-world impact of their research. This is understandable given that research is predominantly funded with public dollars, is growing at an exponential rate, and is becoming more publicly accessible and therefore is under greater scrutiny. One of the crucial strategies for creating impact with research innovations is commercialization. For example, if a new health technology is to go beyond the pilot or demonstration phase, it has to be further refined, manufactured, and marketed, all of which requires monetary investment. This is increasingly important as digital health technologies and assistive devices are part of a growing direct-to-consumer health-care market. However, most people working in the academic research fields are unprepared for the challenge of commercialization (see Mehta, 2004). In this chapter we will present some basic ideas, tools, and pointers to help researchers get started on commercialization of their research innovation.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Canadian Institutes of Health Research. (2018). Patient engagement. http://www.cihr-irsc.gc.ca/e/45851.html.
Castro, L. F., Cox, L. J., & Fukumoto, G. (2017). Diffusion of an agricultural innovation: A case study involving dry litter technology in American Samoa. Technology in American Samoa, 1, 1–12. https://www.researchgate.net/publication/317061409_Diffusion_of_an_Agricultural_Innovation_A_Case_Study_Involving_Dry_Litter_Technology_in_American_Samoa.
Dearing, J. W., Beacom, A. M., Chamberlain, S. A., Meng, J., Berta, W. B., Keefe, J. M., … Estabrooks, C. A. (2017). Pathways for best practice diffusion: The structure of informal relationships in Canada’s long-term care sector. Implementation Science, 12(1), 1–13. https://doi.org/10.1186/s13012-017-0542-7
Emerson, J. (2003). The blended value proposition: Integrating social and financial returns. California Management Review, 45(4), 35–51. https://doi.org/10.2307/41166187
Holmes, B. J., Bryan, S., Ho, K., & McGavin, C. (2018). Engaging patients as partners in health research: Lessons from BC, Canada. Healthcare Management Forum, 31(2), 41–44. https://doi.org/10.1177/0840470417741712
Kothari, A. R., Bickford, J. J., Edwards, N., Dobbins, M. J., & Meyer, M. (2011). Uncovering tacit knowledge: A pilot study to broaden the concept of knowledge in knowledge translation. BMC Health Services Research, 11, 198. https://doi.org/10.1186/1472-6963-11-198
Maine, E., & Garnsey, E. (2004). Challenges Facing New Firms Commercialising Nanomaterials (July 1, 2004). Centre for Technology Management (CTM) Working Paper, No. 2004/02.
Maine, E., Lubik, S., & Garnsey, E. (2012). Process-based vs. product-based innovation: Value creation by nanotech ventures. Technovation, 32(3–4), 179–192. https://doi.org/10.1016/j.technovation.2011.10.003
Mehta, S. (2004). The emerging role of academia in commercializing innovation. Nature Biotechnology, 22(1), 21–24. https://doi.org/10.1038/nbt0104-21
Mowery, D. C., & Ziedonis, A. A. (2007). Academic patents and materials transfer agreements: Substitutes or complements? Journal of Technology Transfer, 32(3), 157–172. https://doi.org/10.1007/s10961-006-9011-1
Osawa, Y., & Miyazaki, K. (2006). An empirical analysis of the valley of death: Large-scale project performance in a Japanese diversified company. Asian Journal of Technology Innovation, 14(2), 93–116. https://doi.org/10.1080/19761597.2006.9668620
Osterwalder, A., & Pigneur, Y. (2010). Business model generation: A handbook for visionaries, game changers, and challengers. Hoboken: John Wiley & Sons.
Petersen, J. (2012, July 18). EVs, batteries and tales from the valley of death, [Blog post]. https://seekingalpha.com/article/728411-evs-batteries-and-tales-from-the-valley-of-death.
Rogers, E. M. (2003). The diffusion of innovations (5th ed.). New York: Free Press.
Teece, D. J. (2010). Business models, business strategy and innovation. Long Range Planning, 43(2–3), 172–194. https://doi.org/10.1016/J.LRP.2009.07.003
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Battersby, L., Viswanathan, P. (2021). Commercializing Research Innovations: An Introduction for Researchers. In: Sixsmith, A., Sixsmith, J., Mihailidis, A., Fang, M.L. (eds) Knowledge, Innovation, and Impact: A Guide for the Engaged Health Researcher. International Perspectives on Social Policy, Administration, and Practice. Springer, Cham. https://doi.org/10.1007/978-3-030-34390-3_42
Download citation
DOI: https://doi.org/10.1007/978-3-030-34390-3_42
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-34389-7
Online ISBN: 978-3-030-34390-3
eBook Packages: Social SciencesSocial Sciences (R0)