The Challenges in Research Commercialization Lessons from Bandung Institute of Technology Indonesia
As one of the Higher Education Institutions in Indonesia, the Bandung Institute of Technology (ITB) as a university with excellence in science and technology has brought the concept of entrepreneurial university to produce graduates who can compete in the Industrial Revolution 4.0 era. This is supported by the existence of the LPIK ITB as the Department for Innovation and Entrepreneurship Development. LPIK ITB is a medium for ITB academicians to be able to make a start up business and innovation research so that they can become entrepreneurs who can provide benefits to the community through their innovations. However, the commercialization rate of these innovation products towards the implementation of the entrepreneurial university concept is still very low. This is evidenced by the small amount of intellectual property of start up business at the Bandung Institute of Technology based on the data from LPIK ITB. The purpose of this research is to identify the reasons that cause the low success rate of the commercialization of entrepreneurial university concepts at ITB. This research is a qualitative research by conducting literature studies and in-depth interviews. The results of this study will then be used to determine what steps can be taken by the Bandung Institute of Technology to increase the success of the commercialization of the entrepreneurial university concept.