Wonglimpiyarat Technology Financing and Commercialization

Exploring the Challenges and How Nations Can Build Innovative Capacity
2015
ISBN: 978-1-137-47062-1
Verlag: Palgrave Macmillan UK
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 315 Seiten

This book offers insights on effective policies that can be applied to other economies in terms of using technology financing to foster technological innovations. It outlines the role of government in accelerating the nation's innovative capacity by promoting technology investments that will achieve successful and sustainable economic development.

Autoren/Hrsg.

Wonglimpiyarat, J.

Inhaltsverzeichnis

1;Cover;1
2;Half-Title;2
3;Title;4
4;Copyright;5
5;Contents;6
6;List of Boxes;9
7;List of Figures;11
8;List of Tables;14
9;Preface;17
10;Acknowledgments;18
11;List of Abbreviations;19
12;Introduction;24
12.1;I.1 Effective fi nancing toward innovative economies;24
12.2;I.2 The challenge of the study;25
12.3;I.3 Structure of the book 2 Special Introduction: The Entrepreneurial University Wave Henry Etzkowitz;32
13;Part I Concepts of Technology Financing and Commercialization;39
13.1;1 Introduction to Technology Financing, Technology Management, and Commercialization;40
13.1.1;1.1 Introduction to technology fi nancing – why it is important?;41
13.1.2;1.2 Technology and innovation management;44
13.1.3;1.3 Technology commercialization;50
13.1.4;1.4 National innovation system and fi nancing policies;53
13.1.5;1.5 Technology and innovation life cycles;56
13.1.6;1.6 Triple Helix model for competitive innovation system;62
13.1.7;1.7 Science parks and incubators to support technology commercialization;65
13.2;2 Financing Innovative Businesses Toward Commercialization 5;23
13.2.1;2.1 Technology fi nancing and investments;71
13.2.2;2.2 Venture capital fi nancing;76
13.2.3;2.3 Business angel investments;83
13.2.4;2.4 Commercial bank fi nancing;87
13.2.5;2.5 Capital market funding;91
13.3;3 Financial Models for Evaluating Technology Investments;99
13.3.1;3.1 R&D as a necessary cost of business;99
13.3.2;3.2 Financial models for evaluating technology investment;103
13.3.3;3.3 Evaluating staged R&D investments;108
13.3.4;3.4 Valuation of R&D using option-pricing model;114
13.3.5;3.5 Evaluating intangible investments in high-tech firms;117
14;Part II Case Studies of Successful Technology Financing and Commercialization Programs;124
14.1;4 Case Study of Technology Financing and Commercialization Programs – US;125
14.1.1;4.1 The competitiveness of Silicon Valley;125
14.1.2;4.2 The competitiveness of Boston Route 128;133
14.1.3;4.3 The US government fi nancing programs;142
14.2;5 Case Study of Technology Financing and Commercialization Programs – Canada;152
14.2.1;5.1 The Canadian innovation fi nancing system;152
14.2.2;5.2 Venture capital fi nancing toward technology commercialization;156
14.2.3;5.3 The high-tech cluster map and industrialcompetitiveness of Canada;162
14.2.4;5.4 Government fi nancing programs;167
14.3;6 Case Study of Technology Financing and Commercialization Programs – Israel;173
14.3.1;6.1 Israeli innovation fi nancing system;174
14.3.2;6.2 The rise of high-tech industrial clusters;179
14.3.3;6.3 Venture capital mechanisms to drive technology commercialization;185
14.3.4;6.4 The innovation fi nancing programs that support entrepreneurship;190
15;Part III Forging Ahead – Innovative Case Studies in the Asian Economies;196
15.1;7 Case Studies of Technology Financing and Commercialization Programs – Asian Dragons;197
15.1.1;7.1 Singapore;197
15.1.2;7.2 Taiwan;204
15.1.3;7.3 Lessons learnt from the Asian Dragons;224
15.2;8 Case Studies of Technology Financing and Commercialization Programs – Asian Tigers;227
15.2.1;8.1 Malaysia;228
15.2.2;8.2 Thailand;238
15.2.3;8.3 Lessons learnt from the Asian Tigers;252
16;Part IV Technology Financing to Enhance Innovative Capacity;255
16.1;9 Technology Financing Toward Effective Economies;256
16.1.1;9.1 Lessons learnt and insights of technology fi nancing and commercialization;257
16.1.2;9.2 Technology-fi nancing challenges in today’s world;262
16.1.3;9.3 Outward-looking development of technology fi nancing;268
16.2;10 Conclusions and Outlook;274
16.2.1;10.1 Lessons and strategic implications of technology fi nancing and commercialization;274
16.2.2;10.2 Looking ahead;280
17;Notes;283
18;References;287
19;Index;309