A Comparative Study on Activities of Technology Commercialisation in the ASEAN Member States - Malaysia, Vietnam, Thailand, and Singapore

Technology transfers are considered the primary channels in developing countries to acquire access to either a new technology and/or initiate innovation. The aim of the chapter is two-fold. Firstly, furnishing empirical evidence on science, technology and innovation governance among the ASEAN member states (AMS) Malaysia, Vietnam, Thailand and Singapore at national levels. Secondly, the study analyses the activities of academic-industry technology transfer, barriers to the commercialisation of research outputs from universities and its implications among four AMS. The criterion to choose ASEAN countries is to understand the significance of policy implications and technology transfer in the economy of developing nations. The qualitative data was retrieved from various secondary and published literature sources. The evidence suggests that the primary goals differed in each state in terms of (1) financial budget, (2) infrastructure, (3) availability of resources, (4) awareness among the researchers regarding intellectual property, knowledge transfer and entrepreneurship and (5) incentives for technology commercialisation. Most of the policies governing innovation and technology commercialisation among AMS are based on the collaboration of resources available with demands/absorptive capacity.