Critical Success Factors for Leveraging Technology Transfer from Higher Education Institutions to Industry: Indian Context

Abstract

This study aims to identify and empirically evaluates the critical factors of successful technology transfer (TT) from higher education institutions (HEI) to industry and to develop a TT model in the Indian context. With the help of questionnaire survey, the perception profile of 318 respondents was collected from PAN-India. Utilizing the survey data, factor analysis identified six constructs representing five critical factors of TT and an outcome factor. The results of multiple regression analysis indicate significant effect of all five critical factors on an outcome factor. The findings of the study validate the TT Model and identify supportive and promotive TT environment factor, market and finance factor and HEI factor to be the most important factors of successful TT. This study may help the policymakers in strategizing future initiatives to improve the rate of successful TT.