Title: Importance of research, innovation and commercialisation for technological success

Authors: Ibrahim Dincer

Addresses: Faculty of Engineering and Applied Science, University of Ontario Institute of Technology (UOIT), 2000 Simcoe Street North, Oshawa, Ontario L1H 7K4, Canada; Faculty of Mechanical Engineering, Yildiz Technical University, Besiktas, Istanbul, Turkey

Abstract: The present paper introduces three key dimensions of research, innovation and commercialisation as fundamental requirements to achieve technology-based economy which makes the country a developed (advanced or industrialised) one. The mathematics of these three dimensions is not easy, rather complicated and multi-dimensional and requires a strong commitment from three players of government, academia and industry. The paper also outlines the key requirements to implement right strategies and policies in implementing the research, innovation and commercialisation concept. The results clearly show that a true economic independence is not possible without technology development and that research and innovation are two key prerequisites for technology development.

Keywords: research; innovation; commercialisation; technology development; road map; technological success.

DOI: 10.1504/IJRIC.2017.082313

International Journal of Research, Innovation and Commercialisation, 2017 Vol.1 No.1, pp.8 - 22

Received: 01 Oct 2016
Accepted: 21 Oct 2016

Published online: 14 Feb 2017 *

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