Practical model of technology commercialisation at an Indonesian University: A case study from Institut Teknologi Bandung

The technology commercialisation process at universities in developing countries often requires improvement owing to their tendency to adopt models commonly used in developed countries. Besides being less contextual, the existing technology commercialisation models is also not practical because it does not accommodate the interests of each stakeholder directly involved in the commercialisation process, such as laboratories, industry and intermediaries. This research proposes a more practical model of technology commercialisation for universities in the Indonesian context by emphasising the interests of such stakeholders, based on four commercialisation strategies, and four university intermediary organisations, namely the technology transfer office, an incubator, the science and technopark, and the university company focused on technology commercialisation.