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An evaluation of the Techmart process for the international transfer on technology between SMEs
F Timothy Janis
ARAC Inc, United States of America
Sangho Lee
ARAC Inc
Louise de Sinety
ARAC Inc
Abstract
The Techmart process is used increasingly to help technology-based companies and R&D organizations identify new markets and investors and to help investors locate promising new technologies. This article reviews the experience of US firms participating in recent Techmarts supported by the Republic of Korea. It identifies the factors which should be addressed by participants and organizers to enhance the value of participation and is relevant to any new technology trade show or exhibition which aims to link technology developers and investors. It points in particular for the need for participants to consider models of international technology commercialization other than the licensing approach common in intra-national approaches to technology transfer.
"Some technologies that tend to displace labor may not be well-accepted socially and politically in Korea. The cost of firing the displaced employees may overshadow the technology benefits."
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