Title: Cluster management and research commercialisation

Authors: Jarunee Wonglimpiyarat; Achara Chandrachai

Addresses: College of Innovation, Thammasat University, Anekprasong 3 Bldg., Prachan Rd., Bangkok 10200, Thailand ' Faculty of Commerce and Accountancy, Chulalongkorn University, Phayathai Rd., Pathumwan Bangkok 10330, Thailand

Abstract: The purpose of this study is to examine the process of research and development (R&D) commercialisation of the food industrial cluster, one of the most important competitive clusters of Thailand. The study was carried out by reviewing all the food projects in Thailand and selecting the ones with high commercial potential to write solid business plans for raising VC investments. The public forum was organised to seek experts' advice on the management of food cluster innovation. The results have shown that there are 13 projects with high commercial potential. The cluster-based analysis empirically contributes to the management of food innovation commercialisation.

Keywords: innovation management; entrepreneurship; technology transfer; cluster management; R&D commercialisation; research and development; research commercialisation; food clusters; Thailand; venture capital; commercial potential; investment.

DOI: 10.1504/IJBIR.2016.078869

International Journal of Business Innovation and Research, 2016 Vol.11 No.3, pp.311 - 325

Received: 24 Jan 2014
Accepted: 17 Apr 2014

Published online: 04 Sep 2016 *

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