Knowledge Management, Research Spinoffs and Commercialization of R&D in Australia

This paper proposes that transfer of tacit knowledge is a factor that should be considered by research organizations when they consider technology transfer. It uses a study of spinoffs arising from research of the Commonwealth Scientific and Industrial Organization (CSIRO) to discuss the existing theories of establishment rationale, selection process and support mechanisms which are provided to spinoff firms. It suggests that there are three components to technology transfer and that one of these, the transfer of tacit knowledge, helps to increase survival of these firms. It presents a model which takes account of both institutional and company factors in spinoff establishment.