Technology innovation, entrepreneurship and commercialisation can flourish alongside traditional academic research provided researchers are properly motivated, have clear guidance as to how to reveal the right ideas, and a culture of clarity and trust exists so they understand how they may benefit from doing so.
There is no "one size fits all" solution for technology transfer. Processes need to be tailored to suit the specific institution, but must be seen as clear, fair and transparent if they are to gain the buy-in from potential inventors. They must develop and foster a culture which encourages enfranchisement and entrepreneurship
Before any idea can be protected or developed, a detailed understanding of its application, market potential and route to commercialisation is required to ensure the correct steps are taken to maximise value.
Governments and other stakeholders are willing to provide seed capital for innovation development once they recognise that robust results driven processes have been established.