A novel cost efficient evaluation model for assessing research-based technology transfer between university and industry

Innovations and inventions are not outcomes of single activity of any organization. This is a result of collaboration of different partners. The evaluation of collaborated research between university and industry has created the greatest interest amongst the collaboration researchers as it can determine the feasibility and value of the collaboration. Despite the enormous importance of this collaboration, there have been certain problems in successful collaboration, for instance issues related to time, trainings, differences in their perceptions, orientations and goals, intellectual property right issues, some other technological competency and fund and financial matters are the key constraints that generates some how proportional to this collaboration. Thus to tackle the basis of these problems and to analyse the strength and weaknesses of these technological linkage, evaluation of such collaboration is highly demanded. This paper intends to illustrate an evaluation model to evaluate the university-industry collaboration and to enhance their technological linkage. For bridging the model, four important variables, constraints, evaluation parameter, success criteria and tangible outcome has been identified. The novelty of this model is, it is cost and time efficient and can be applied for any university-industry research collaboration