The Journal of Science Policy and Research Management
Online ISSN : 2432-7123
Print ISSN : 0914-7020
How to Cross the "Death Valley"
Yoichiro HARA
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JOURNAL FREE ACCESS

2009 Volume 24 Issue 1 Pages 2-3

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Abstract
It is often said that the commercialization of research outcomes requires crossing the "death valley" produced by the gap between the investment policies for research on the one hand and for development on the other. The low rate of success in many academia-industry collaboration R & D projects can be explained by this gap, which can be particularly great between academic research and commercial development policies. Nevertheless, a certain development subvention project has recorded a success rate as high as 30%. Its report conference suggested two reasons of this high performance. The first is the seriousness on the part of companies, most of which were small or medium-sized with modest financial resources, as shown by their choice of promising subjects and low-risk planning. The second is good coordination and strict management of the development processes. Expecting a fortuitous breakthrough, often seen in fundamental research works, is not justified in the development stage. These two principles should also apply to fundamental research: adhering to a deliberate strategic plan is the golden rule.
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2009 Japan Society for Research Policy and Innovation Management
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