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Objective

Identification of the Technology Commercialization Strategies of High-Tech Small Firms Article Summary Sorin Sorlescu 5004 - Technology Innovation Management June 25 2009. Objective. Identify the innovative high-tech small companies by checking their “business models”

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Objective

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  1. Identification of the Technology Commercialization Strategies of High-Tech Small FirmsArticle SummarySorin Sorlescu5004 - Technology Innovation ManagementJune 25 2009

  2. Objective • Identify the innovative high-tech small companies by checking their “business models” • Propose a cost effective method by searching companies web sites ssorlesc@connect.carleton.ca

  3. Deliverables • A taxonomy of highly innovative small high-tech firms • A classification of the commercialization strategies used by the highly innovative small high-tech companies • A cost effective method of identifying the commercialization strategies ssorlesc@connect.carleton.ca

  4. Literature review ssorlesc@connect.carleton.ca

  5. Literature review (cont) ssorlesc@connect.carleton.ca

  6. Research Method ssorlesc@connect.carleton.ca

  7. Research Method (cont) ssorlesc@connect.carleton.ca

  8. Research Method (cont) ssorlesc@connect.carleton.ca

  9. Factor Analysis Output ssorlesc@connect.carleton.ca

  10. Factors Factor 1: Science-based product/service 1. Research (0.79) a. R&D OR Research and Development (0.76) i. Research and Development AND company (0.75) ii. Research and Development AND organization (0.58) 2. Clinical trial (0.70) 3. Novel (0.74) 4. Discovery (0.69) 5. Professor (0.60) 6. Collaboration OR Collaborating (0.71) 7. Pipeline (0.63) 8. University OR Universities (0.57) 9. Expertise (0.56) 10. Commercialize AND Research (0.59) 11. FDA (0.48) 12. Proprietary (0.47) ssorlesc@connect.carleton.ca

  11. Factors Factor 2: R&D organization or contractor 1. R&D AND Testing (0.93) 2. Contract AND Research (0.81) 3. Technology Development (0.72) 4. Contract OR Subcontract (0.49) 5. Consulting (0.59) 6. Research AND testing (0.55) 7. Machines OR machining (0.45) Factor 3: Product solutions provider 1. Capability (0.51) 2. Product AND Performance (0.55) 3. Solution (0.57) a. (System AND Integration) OR (System AND Solution) (0.65) b. Total AND Solution (0.70) 4. Cost AND Effective (0. 54 ssorlesc@connect.carleton.ca

  12. Factors Factor 4: Service solutions provider 1. Integration (0.61) 2. Solution (0.49) 3. Enabling (0.64) 4. Consulting (0.63) 5. Module OR Modular (0.62) 6. Government (0.42) 7. Provider (0.56) ssorlesc@connect.carleton.ca

  13. Factors Factor 5: highly specialized component/module/consumable or raw materials supplier 1. Assembly (0.41) 2. Accessories(0.41) 3. Contract OR subcontract (0.61) 4. Improve (0.54) 5. OEM (0.59) 6. Unmatched (0.41) 7. Maintenance (0.66) Factor 6: Specialized subcontractor 1. Integrated (0.65) 2. Custom (0.64) 3. Efficiency (0.58) 4. Component (0.54) ssorlesc@connect.carleton.ca

  14. Graphical Representation ssorlesc@connect.carleton.ca

  15. References Hicks, D.; Libaers, D.; Porter, L. & D. Schoeneck. 2006. Identification of the Technology Commercialization Strategies of High-tech Small Firms. Small Business Research Summary. December. Available at: http://www.sba.gov/advo/research/rs289tot.pdf. ssorlesc@connect.carleton.ca

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