Title: Fostering commercialisation of innovation in small high technology firms

Authors: Jarkko Pellikka, Jari Lauronen

Addresses: Savonia University of Applied Science, P.O. Box 72, Haukisaarentie, Iisalmi FIN-74101, Finland. ' Joensuu Science Park Ltd., Lansikatu 15, Joensuu FIN-80110, Finland

Abstract: Based on their capability to commercialise innovations small technology-based firms serve as promoters of economical growth. However, to date the empirical research on the commercialisation process in small high-tech firms has been relatively limited. This study describes the activities and the different phases that small- and medium-sized healthcare technology firms have conducted during the commercialisation process of innovations. The results suggest that the balanced allocation of resources have a crucial role during the commercialisation process. In addition, the development of collaboration with resellers and the exploitation of the Innovation Support Services (ISS) are essential in order to improve the effectiveness of the commercialisation process of innovations. Intense collaboration may lead to shorter product life cycles and further enhances the firm|s capability to adapt to/adjust to the increasing dynamics of the business environment.

Keywords: commercialisation process; innovation; small high technology firms; healthcare technology; high tech firms; technoentrepreneurship; entrepreneurship; small and medium-sized enterprises; SMEs; collaboration; support services.

DOI: 10.1504/IJTE.2007.013272

International Journal of Technoentrepreneurship, 2007 Vol.1 No.1, pp.92 - 108

Published online: 19 Apr 2007 *

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