EXPLORING THE SYSTEMATIC INNOVATION AND COMMUNITY DEVELOPMENT FOR THE TECHNOVATION PARK OF UNIVERSITI TEKNOLOGI MALAYSIA (original) (raw)
Technology parks can be defined as being of paramount importance to the stimulation of technology transfer and further development of high-tech industries. But earlier study with regard to this topic has revealed that although technology transfer activities can occur among companies in technology parks, the capability of local knowledge workers to develop new technologies is often times lacking. This study has suggested and established social capital and absorptive capacity as crucial success factors in technology transfer. This study aims to investigate the effects of technology park services on the social capital, absorptive capacity, and the technology transfer performance in Universiti Teknologi Malaysia's Technovation Park. Thus, the absorptive capacity as a moderator of the relationship between social capital and the outcomes of technology transfer. The knowledge-based view theory is used in developing a theoretical framework indicating the interconnection of the above mentioned variables. Questionnaire was administered on thirty companies in Technovation Park of Universiti Teknologi Malaysia as data source. The following has given results obtained from the descriptive and inferential statistics that serve as the study framework. By using Pearson's correlation and regression analyses, it was also verified the hypotheses that suggested social capital and absorptive capacity are important routes of technology transfer. It was also demonstrated that absorptive capacity played the role of a mediator in the relationship between the dimensions of social capital and technology transfer performance. The study also established that technological park services are post factors that help to moderate all the studied relations, and between absorptive capacity v and technology transfer results. The finding of this study is informative of factors affecting technology transfer in university related technology parks of Malaysia. This study stresses the use of social capital, absorptive capacity, and selective technology park services for encouraging innovations and communities' growth. These results can help advance measures to improve the effectiveness of university technology parks as stimulators of innovations and economic development.
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