Factors influencing University Technological Transfer in Colombia

Abstract

The formal university technology transfer (TTU) in Colombia can contribute significantly to the country’s economic development. Based on the Theory of Resources and Capacities, this paper investigates the determinants of transfer in Colombian public and private universities. For this, we used structural equations methodology from data collected through a survey of 20 Colombian universities. The results of the estimates empirically confirm the significance of the financial, commercial, cultural, and human dimensions in the technology transfer process. Among the main factors that positively influence the TTU are: 1. the importance of external financial resources, 2. having a technological portfolio, 3. the time that transfer activities have been carried out, and 4. the people in charge’s experience.: The study shows us that it is necessary to strengthen policies within universities and improve their articulation with firms to achieve more successful technology transfer processes.