Externality evaluation: an empirical study of ITRI. (6th May 2009)

• Record Type: Journal Article
• Authors: Chu, Po-Young; Lin, Yu-Ling; Huang, Chi-Hung; Liu, Tzu-Yar
• Is Part Of: International journal of technology management. Volume 48:Number 3(2009)
• Page Start: 280
• Page End: 294
• Publication Date: 2009-05-06
• Subjects: R&amp -- amp -- D institute -- technology transfer -- externality -- Industrial Technology Institute -- ITRI -- research and development -- Taiwan -- spin-offs -- technology management; Technology -- Management -- Periodicals; 658.4062
• Languages: English
• ISSNs: 0267-5730

Abstract

This study proposes a framework for exploring technology transfer externality of the Industrial Technology Research Institute (ITRI), a national industry technology development research institution in Taiwan over the past three decades. The specific diffusion effects and external impact were quantitatively assessed. High multiplier effects derived from ITRI's spin-off activities are concluded profound. Finally, being a non-profit R&D institution inherited with common properties of public goods, ITRI has created a unique and valuable role to foster Taiwan's high-tech sector. The innovative ITRI model should provide important managerial implications for large R&D institutes as well as emergent countries to initiate and operate projects with unavoidable high risk but desirable enormous externalities.