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SPACE-RL Innovation Transfer Model “Science – Business”

  • Artem Artyukhov
  • , Svitlana Bilan
  • , Iurii Volk
  • , Serhiy Lyeonov
  • , Desislava Serafimova
  • Sumy State University
  • The London Academy of Science and Business
  • Varna University of Economics

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)

Abstract

The article deals with creating the innovation transfer model “science-production – business”. It is based on quantitative indicators for assessing the external environment and market analysis, the landscape for implementing the development and introduction of innovation and evaluating the internal environment and the level of readiness for implementation. The authors provide ways of commercializing the scientific research results and describe the role of an entrepreneurial university in achieving the main tasks of innovation and technology transfer. A combined SPACE-RL model for assessing the prospects for new scientific ”products” concerning external and internal influencing factors is proposed. The SPACE matrix, from a subjective assessment tool based on qualitative indicators determined by experts, has turned into a SPACE-RL model, in which it is possible to compare the entrepreneurial university's capabilities in terms of the strategy of bringing the invention to the market and the readiness of the invention to become innovation The SPACE-RL model maximally objectifies the innovation transfer process, reducing the influence of qualitative factors on decision-making.

Original languageEnglish
Pages (from-to)1-15
Number of pages15
JournalEuropean Journal of Interdisciplinary Studies
Volume15
Issue number1
DOIs
Publication statusPublished - Jun 2023

Keywords

  • SPACE-RL model
  • Transfer model
  • commercializing
  • entrepreneurial university
  • innovation

ASJC Scopus subject areas

  • Multidisciplinary

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