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Innovation Commercialisation and Anticipated Return : A Typology of Innovative SMEs
ISBN
978-0-9819028-4-5
Type
conference paper
Date Issued
2012-06-10
Author(s)
Abstract
This study presents a typology of innovative small to medium size enterprises (SMEs) based on their anticipated returns to an investment in the commercialisation of an innovation. A large multi-country sample was surveyed in relation to the process of commercialisation. A discriminant analysis identified four distinct groups based on their anticipated returns from the innovation, and how systematic they were in their process of commercialisation. The findings suggest that differences exist between firms in relation to age, size, R&D intensity, preference for project financing, treatment of intellectual property and the novelty of the innovation. Younger firms were more likely to have higher anticipated innovation returns, but a less systematic commercialisation processes. Adolescent firms were more systematic and more optimistic over returns. However, as firms matured and increased in size their commercialisation process became more systematic, but their anticipated returns more subdued. Older firms were both unsystematic and anticipating low returns.
Language
English
Keywords
commercialization
innovation management
rent
SMEs
HSG Classification
contribution to scientific community
Refereed
Yes
Book title
Leading From The Edge
Publisher
ICSB
Publisher place
Washington
Start page
23
End page
761
Pages
739
Event Title
57th World Conference of the International Council for Small Business (ICSB)
Event Location
Wellington, New Zealand
Event Date
10.-13.06.2012
Subject(s)
Division(s)
Eprints ID
215760