Intellectual Property and Academia Commercialization in Malaysia

The commercialization of research results in universities has become the main agenda for higher education institutions (HEIs) around the world. This is because the commercialization of research results is seen as a basic way for every university to promote its economic growth and increase the innovation of the industrial sector in a country. In addition, an innovative product produced from academic research also has the potential to be commercialized. This is because it can benefit the local community. However, there are still countries where the rate of commercialization of innovation research in universities is still low. Innovation research results are not denied their rights from the point of view of national law because activities involving ideas and innovations that lead to new creations are intellectual property. Therefore, this study aims to see how the commercialization of research results in universities involving the academic world in Malaysia. This study has used the Systematic Literature Review (SLR) method, which is a method that focuses on the needs of the study. There are three levels to analyze articles that are relevant to the study, namely identification, screening and eligibility. The results of the study show, for the eight articles that have discussed the elements of commercialization of research results in universities, three important elements in the commercialization of innovation research results such as factors that affect commercialization, business models and opportunities and the impact on the local economy and community. This study also suggests that the commercialization of innovation research results of universities in Malaysia can be increased in the future.