Solutions to Promote Commercialization of Research Results in Vietnamese Universities

Nguyen Huu Xuyen; Tran Lan Huong; Nguyen Thi Lan Huong

doi:doi:10.11648/j.jbed.20200502.14

| Peer-Reviewed

Solutions to Promote Commercialization of Research Results in Vietnamese Universities

Nguyen Huu Xuyen, Tran Lan Huong, Nguyen Thi Lan Huong

Published in Journal of Business and Economic Development (Volume 5, Issue 2)

Received: 16 March 2020 Accepted: 16 April 2020 Published: 29 April 2020

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

Commercialization of research results plays an important role in the socio-economic development of a country based on science, technology and innovation. In Vietnam, promoting the commercialization of research results is concerned by the Party and the State, institutionalized under the Resolution, Law, Decree and guiding Circulars. However, in recent years, universities have recorded the limited number of research results commercialization and the low transaction value, which have not achieved the objectives as expected. The process of commercializing research results in universities encounters difficulties, including the limited quality of research results, the weak linkage between universities and enterprises, and the limited access to capital resources to develop inventions. This paper not only focuses on analyzing the situation of commercialization of research results in universities and colleges, we also propose solutions to promote commercialization of inventions, technical solutions formed from the universities, suitable to the conditions of Vietnam. In order to succesfully commercialize research results in universities, it is necessary to consider various conditions: (i) Commercialization of research results in universities must derive from the needs of society; (ii) Commercialization of research results must be an urgent, self-motivated need of universities and individual scientists, the State only sponsors, supports, incentives, encourages and promotes commercialization activities through creating favorable legal corridors.

Published in	Journal of Business and Economic Development (Volume 5, Issue 2)
DOI	10.11648/j.jbed.20200502.14
Page(s)	82-89
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

University Research Results, Research Results Commercialization, Solutions to Promote Commercialization

References

[1]	Ashley J. Stevens. (2004) The enactment of Bayh-Dole. Journal of Technology Transfer, 29: 93–99.
[2]	Goyal (2006), New technology profitably and quickly, Oracle Corporation, Redwood Shores.
[3]	Vietnam Center for Scientific and Technology Evaluation (2017), Report evaluating the effectiveness and operation of the KC02 Program, Hanoi (in Vietnamese).
[4]	Intellectual Property Ofice of Vietnam (2015-2018), Annual Report on intellectual property activities, Hanoi (in Vietnamese).
[5]	Ministry of Science and Technology (2018), Vietnam Science and Technology, Science and Technology Publishing House (in Vietnamese).
[6]	National Agency of Science and Technology Information (2014), Knowledge transfer and commercialization of public research results: New trends and policies, Scientific Review, 3/2014 (in Vietnamese).
[7]	National Agency of Science and Technology Information (2018), Investigation of innovation in Vietnamese enterprises, Science and Technology Publishing House (in Vietnamese).
[8]	Nguyen Huu Xuyen (2018), Enhancing the role of inventions, exploiting inventions for economic and social development, Information and Communication Magazine, No. 7/2018 (in Vietnamese).
[9]	Nguyen Huu Xuyen (2019), Solutions to promote commercialization of research result in universities in Vietnam, proceedings of National Science Conferencences, National Economics University Publishing House.
[10]	Nguyen Quang Tuan (2013), Some solutions to promote the commercialization of R&D results using the state budget, Vietnam Journal of Science and Technology, No. 24/2013 (in Vietnamese).
[11]	Nguyen Quang Tuan (2013), State policy to promote the commercialization of results of scientific research and technological development using state budget, Science and Technology Policy and Management Journal, No. 2/2013 (in Vietnamese).
[12]	Nguyen Thi Phuong Lan (2017), Commercialization of research products of the university: The secret of success of the United States, The journal Tia Sang (in Vietnamese).

Cite This Article

Plain Text BibTeX RIS

APA Style

Nguyen Huu Xuyen, Tran Lan Huong, Nguyen Thi Lan Huong. (2020). Solutions to Promote Commercialization of Research Results in Vietnamese Universities. Journal of Business and Economic Development, 5(2), 82-89. https://doi.org/10.11648/j.jbed.20200502.14

Copy | Download

ACS Style

Nguyen Huu Xuyen; Tran Lan Huong; Nguyen Thi Lan Huong. Solutions to Promote Commercialization of Research Results in Vietnamese Universities. J. Bus. Econ. Dev. 2020, 5(2), 82-89. doi: 10.11648/j.jbed.20200502.14

Copy | Download

AMA Style

Nguyen Huu Xuyen, Tran Lan Huong, Nguyen Thi Lan Huong. Solutions to Promote Commercialization of Research Results in Vietnamese Universities. J Bus Econ Dev. 2020;5(2):82-89. doi: 10.11648/j.jbed.20200502.14

Copy | Download

@article{10.11648/j.jbed.20200502.14,
  author = {Nguyen Huu Xuyen and Tran Lan Huong and Nguyen Thi Lan Huong},
  title = {Solutions to Promote Commercialization of Research Results in Vietnamese Universities},
  journal = {Journal of Business and Economic Development},
  volume = {5},
  number = {2},
  pages = {82-89},
  doi = {10.11648/j.jbed.20200502.14},
  url = {https://doi.org/10.11648/j.jbed.20200502.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20200502.14},
  abstract = {Commercialization of research results plays an important role in the socio-economic development of a country based on science, technology and innovation. In Vietnam, promoting the commercialization of research results is concerned by the Party and the State, institutionalized under the Resolution, Law, Decree and guiding Circulars. However, in recent years, universities have recorded the limited number of research results commercialization and the low transaction value, which have not achieved the objectives as expected. The process of commercializing research results in universities encounters difficulties, including the limited quality of research results, the weak linkage between universities and enterprises, and the limited access to capital resources to develop inventions. This paper not only focuses on analyzing the situation of commercialization of research results in universities and colleges, we also propose solutions to promote commercialization of inventions, technical solutions formed from the universities, suitable to the conditions of Vietnam. In order to succesfully commercialize research results in universities, it is necessary to consider various conditions: (i) Commercialization of research results in universities must derive from the needs of society; (ii) Commercialization of research results must be an urgent, self-motivated need of universities and individual scientists, the State only sponsors, supports, incentives, encourages and promotes commercialization activities through creating favorable legal corridors.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Solutions to Promote Commercialization of Research Results in Vietnamese Universities
AU  - Nguyen Huu Xuyen
AU  - Tran Lan Huong
AU  - Nguyen Thi Lan Huong
Y1  - 2020/04/29
PY  - 2020
N1  - https://doi.org/10.11648/j.jbed.20200502.14
DO  - 10.11648/j.jbed.20200502.14
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 82
EP  - 89
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20200502.14
AB  - Commercialization of research results plays an important role in the socio-economic development of a country based on science, technology and innovation. In Vietnam, promoting the commercialization of research results is concerned by the Party and the State, institutionalized under the Resolution, Law, Decree and guiding Circulars. However, in recent years, universities have recorded the limited number of research results commercialization and the low transaction value, which have not achieved the objectives as expected. The process of commercializing research results in universities encounters difficulties, including the limited quality of research results, the weak linkage between universities and enterprises, and the limited access to capital resources to develop inventions. This paper not only focuses on analyzing the situation of commercialization of research results in universities and colleges, we also propose solutions to promote commercialization of inventions, technical solutions formed from the universities, suitable to the conditions of Vietnam. In order to succesfully commercialize research results in universities, it is necessary to consider various conditions: (i) Commercialization of research results in universities must derive from the needs of society; (ii) Commercialization of research results must be an urgent, self-motivated need of universities and individual scientists, the State only sponsors, supports, incentives, encourages and promotes commercialization activities through creating favorable legal corridors.
VL  - 5
IS  - 2
ER  -

Copy | Download

Author Information

Nguyen Huu Xuyen

National Institute of Patent and Technology Exploitation, MOST, Vietnam
Tran Lan Huong

Faculty of Management Science, National Economics University, Hanoi, Vietnam
Nguyen Thi Lan Huong

Faculty of mechanical and Electrical Engineering, Hanoi Industrial Textile Garment University, Hanoi, Vietnam

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Nguyen Huu Xuyen, Tran Lan Huong, Nguyen Thi Lan Huong. (2020). Solutions to Promote Commercialization of Research Results in Vietnamese Universities. Journal of Business and Economic Development, 5(2), 82-89. https://doi.org/10.11648/j.jbed.20200502.14

Copy | Download

ACS Style

Nguyen Huu Xuyen; Tran Lan Huong; Nguyen Thi Lan Huong. Solutions to Promote Commercialization of Research Results in Vietnamese Universities. J. Bus. Econ. Dev. 2020, 5(2), 82-89. doi: 10.11648/j.jbed.20200502.14

Copy | Download

AMA Style

Nguyen Huu Xuyen, Tran Lan Huong, Nguyen Thi Lan Huong. Solutions to Promote Commercialization of Research Results in Vietnamese Universities. J Bus Econ Dev. 2020;5(2):82-89. doi: 10.11648/j.jbed.20200502.14

Copy | Download

@article{10.11648/j.jbed.20200502.14,
  author = {Nguyen Huu Xuyen and Tran Lan Huong and Nguyen Thi Lan Huong},
  title = {Solutions to Promote Commercialization of Research Results in Vietnamese Universities},
  journal = {Journal of Business and Economic Development},
  volume = {5},
  number = {2},
  pages = {82-89},
  doi = {10.11648/j.jbed.20200502.14},
  url = {https://doi.org/10.11648/j.jbed.20200502.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20200502.14},
  abstract = {Commercialization of research results plays an important role in the socio-economic development of a country based on science, technology and innovation. In Vietnam, promoting the commercialization of research results is concerned by the Party and the State, institutionalized under the Resolution, Law, Decree and guiding Circulars. However, in recent years, universities have recorded the limited number of research results commercialization and the low transaction value, which have not achieved the objectives as expected. The process of commercializing research results in universities encounters difficulties, including the limited quality of research results, the weak linkage between universities and enterprises, and the limited access to capital resources to develop inventions. This paper not only focuses on analyzing the situation of commercialization of research results in universities and colleges, we also propose solutions to promote commercialization of inventions, technical solutions formed from the universities, suitable to the conditions of Vietnam. In order to succesfully commercialize research results in universities, it is necessary to consider various conditions: (i) Commercialization of research results in universities must derive from the needs of society; (ii) Commercialization of research results must be an urgent, self-motivated need of universities and individual scientists, the State only sponsors, supports, incentives, encourages and promotes commercialization activities through creating favorable legal corridors.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Solutions to Promote Commercialization of Research Results in Vietnamese Universities
AU  - Nguyen Huu Xuyen
AU  - Tran Lan Huong
AU  - Nguyen Thi Lan Huong
Y1  - 2020/04/29
PY  - 2020
N1  - https://doi.org/10.11648/j.jbed.20200502.14
DO  - 10.11648/j.jbed.20200502.14
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 82
EP  - 89
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20200502.14
AB  - Commercialization of research results plays an important role in the socio-economic development of a country based on science, technology and innovation. In Vietnam, promoting the commercialization of research results is concerned by the Party and the State, institutionalized under the Resolution, Law, Decree and guiding Circulars. However, in recent years, universities have recorded the limited number of research results commercialization and the low transaction value, which have not achieved the objectives as expected. The process of commercializing research results in universities encounters difficulties, including the limited quality of research results, the weak linkage between universities and enterprises, and the limited access to capital resources to develop inventions. This paper not only focuses on analyzing the situation of commercialization of research results in universities and colleges, we also propose solutions to promote commercialization of inventions, technical solutions formed from the universities, suitable to the conditions of Vietnam. In order to succesfully commercialize research results in universities, it is necessary to consider various conditions: (i) Commercialization of research results in universities must derive from the needs of society; (ii) Commercialization of research results must be an urgent, self-motivated need of universities and individual scientists, the State only sponsors, supports, incentives, encourages and promotes commercialization activities through creating favorable legal corridors.
VL  - 5
IS  - 2
ER  -

Copy | Download