A Brief Review of the International Experience of Commercialization of Scientific Research

Abstract

Today, it is impossible to achieve sustainable development of the country's economy without scientific research. At the same time, it is necessary to disseminate research results and practical use through commercialization. It should be noted that the knowledge transfer, technologies and inventions from research to commercialization is a rather complex process and requires the joint involvement of both - science and business, as well as political decision-makers. In this paper, the difficulties and opportunities related to commercialization, as well as the role and purpose of universities in this process, are discussed on the example of different countries. There must be mentioned that along with the general defining framework conditions, personal factors such as risk attitude, motivation, self-satisfaction and others play a decisive role in connecting science and business. Scientific fields with special commercial potential in different countries are also discussed in the paper. On the example of some countries, political decisions that directly or indirectly influence the implementation and commercialization of academic research results in the real environment are also presented. Keywords: Commercialization, Scientific research, Technology transfer, Commercialization promoting policies, University research.