Managing Commercialization of Academic research : A Case Study of Umea University, Sweden

Abstract: Background and Research Problem: Universities are complex and diversified institutions playing an active role in society. Besides education and research universities are now assigned a new role of commercialization of academic research. There is pressure on universities to act as a bridge for transfer of knowledge to industries and generate resources. As this role of commercialization is comparatively new for the universities so they face challenges and difficulties in managing commercialization along with education and research. In order to overcome these challenges some support structures has been introduced in the form of Technology Transfer Office (TTO) or Industry Liaison Office (ILO). As the role and support structures are new, so there is a need to develop such a managerial system which can better integrate the activities related to commercialization of academic research.   Research Purpose: This is a case study of Umeå University conducted to understand and evaluate the commercialization activities and functioning of support structures. The specific purpose is to investigate and suggest that, how universities having support structures but lacking success stories and track records, should manage its commercialization activities.   Method: Qualitative research methods are used and semi-structured interviews have been conducted from eight respondents. Umeå University has been used as a case study. Concluding Comments: On the basis of this study we would like to comment that, Umeå University is committed to perform its third role of contribution towards society and there is adequate infrastructure available in terms of support structures. But still as this role is new for the university and carrying on commercialization activities while insuring freedom of research is a challenging task. So, a detailed evaluation of existing support structures and reorganization of their existing activities is required. It may also require better understanding and communication of the concept of commercialization, generation of new ideas and a greater attention, both from the support structures and central management of the university.