A Comparative Study on University Technology Transfer Under License Contract

Abstract:

Technology assignment to the established firm or start up in which faculty is a principal is two significant modes of university industry technology transfer. A model involving the inventor, licensee, and licensor was developed based on the game theory. We found that the moral hazard and adverse selection has played more crucial role on the pattern selection and license contract designing. Through analyzing the process of technology transfer, the decision baseline and boundary condition were pointed out.

Key words:university technology transfer; license contract; mode selection