Developing Successful Commercialisation Model Through Technology Transfer Assessing its Validity and Reliability by Using Structural Equation Modelling

Abstract

The aim of this research is to develop and validate a suitable structural model for commercialization of successful innovations/ideas/methodology of R&D organizations through technology transfer. The survey data was extracted from 231 responses out of 310 target participants against the structured questionnaire containing 60 questions designed based on the literature survey. The factor structure and preliminary model are evaluated through Exploratory Factor Analysis. The first order and higher order Confirmatory Factor Analysis(CFA) models are evolved by estimating coefficients, covariance matrix, variances and performance indices. Structural Equation Modelling (SEM) is employed to develop and assess the validity and reliability of the structural model. The results implied that the developed structural model has achieved the required level of metrics and it can be implemented in to R&D organizations and industries for successful commercialization.