%0 Journal Article %J Technology Innovation Management Review %D 2019 %T The Effect of Digitalization on the Commercialization Process of High-Technology Companies in the Life Sciences Industry %A Saheed A. Gbadegeshin %K commercialization process %K digitalization %K Finland %K life sciences %X This article examines how digitalization influences the commercialization of high technologies in the life sciences industry. It is based on a cross-case study focused on pharmaceutical, medical device, and e-health companies in Finland. Both company representatives and regional stakeholders were interviewed. The findings suggest that “digitalization” needs to be distinguished from “digitization” because both terms seem to be misused or used interchangeably. The findings also show that digitalization led to a concurrent implementation of commercialization processes. Furthermore, the findings revealed that digitalization positively influenced commercialization activities, especially information sourcing and management, various assessments, and official activities, big data creation, and activity routinization. It was also revealed that the creation of new sets of big data and fear of digital attacks are negative influences on digitalization. These findings make a theoretical contribution to the discourses on digitalization and commercialization, but they also provide insights for scientists, engineers, and life science companies. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 9 %P 49-63 %8 01/2019 %G eng %U https://timreview.ca/article/1211 %N 1 %1 Turku School of Economics Saheed A. Gbadegeshin is a PhD Candidate at Turku School of Economics, University of Turku, Finland. His research interests include commercialization, high technology, the lean startup methodology, entrepreneurship, business internationalization, and family-run businesses. He holds an MSc degree in Entrepreneurship from the University of Jyväskylä and an MBA in International Business Management from Turku University of Applied Sciences in Finland. %R http://doi.org/10.22215/timreview/1211 %0 Journal Article %J Technology Innovation Management Review %D 2018 %T Lean Commercialization: A New Framework for Commercializing High Technologies %A Saheed A. Gbadegeshin %K Finland %K high technologies %K lean commercialization %K lean startup %K technology-based companies %X Commercializing high technologies is expensive, tedious, and resource intensive. Meanwhile, there is a need for quick diffusion of innovations due to economic pressures for companies and research institutes. Therefore, this article proposes a new framework: lean commercialization. The framework represents a transformation of new technology and knowledge to products and services through the application of the lean/agile methodology. This methodology focuses on how resources can be minimized during the development, manufacturing, and marketing of new products and services, while still being accepted by customers. The lean commercialization framework was developed from a case study of high-technology companies and by interviewing commercialization experts. This article contributes to the theory and practice of commercialization of high technologies and provides a procedure for the practical application of the lean commercialization framework. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 8 %P 50-63 %8 09/2018 %G eng %U https://timreview.ca/article/1186 %N 9 %1 University of Turku Saheed A. Gbadegeshin is a PhD Candidate at Turku School of Economics, University of Turku, Finland. His research interests include commercialization, high technology, the lean startup methodology, entrepreneurship, business internationalization, and family-run businesses. He holds an MSc degree in Entrepreneurship from the University of Jyväskylä and an MBA in International Business Management from Turku University of Applied Sciences in Finland. %R http://doi.org/10.22215/timreview/1186 %0 Journal Article %J Technology Innovation Management Review %D 2015 %T Identifying the Challenges in Commercializing High Technology: A Case Study of Quantum Key Distribution Technology %A Anas Al Natsheh %A Saheed A. Gbadegeshin %A Antti Rimpiläinen %A Irna Imamovic-Tokalic %A Andrea Zambrano %K after-sales services %K certification %K challenges %K commercialization %K high technology %K infrastructure %K market size %K quantum key distribution %K standards %K supply chains %X This article examines the challenges in commercializing high technologies successfully and sustainably using quantum key distribution (QKD) technology as a case study. Quantum communication is increasingly relevant to cybersecurity and nanotechnology, which will replace current technologies and change the way we live. To understand how such high technology could be successfully commercialized, we interviewed individuals from four metrology institutions and two international companies. The result revealed that scattered and small markets, supply chain development, technology validation/certification, a lack of available or adequate infrastructure, and after-sales services are the most serious challenges facing successful commercialization of quantum communication technology. To validate these challenges, we conducted a survey of 60 experts, 49 of whom agreed that above-mentioned factors could affect the commercialization success of QKD technology. Likewise, the survey revealed that technical development, customer orientation/awareness, and government regulations could also hinder the commercialization of QKD technology. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 5 %P 26-36 %8 01/2015 %G eng %U http://timreview.ca/article/864 %N 1 %1 CEMIS-Oulu Anas Al Natsheh is a Senior Business Advisor at the Centre for Measurement and Information Systems (CEMIS-Oulu) in Oulu, Finland, and he is a Principal Lecturer in Research, Development, and Innovation (RDI) at Kajaani University of Applied Sciences, also in Finland. He is an expert in empirical researches, research valorization, and technology commercialization. He holds a PhD from the University of Kuopio (now the University of Eastern Finland), where his research focused on the applications of nanotechnology. %2 University of Oulu Saheed Adebayo Gbadegeshin is a Project Researcher at the University of Oulu in Finland, and he is a Project Staff member at Kajaani University of Applied Sciences, also in Finland. He holds an MSc degree in Entrepreneurship from the University of Jyväskylä in Finland. His research interests include technology-based entrepreneurship, technology commercialization, and family-run businesses. %3 University of Oulu Antti Rimpiläinen is a Project Researcher at the University of Oulu in Finland and a Project Staff member at Kajaani University of Applied Sciences, also in Finland. He holds an MSc degree in Economics and Business Administration from the University of Oulu in Finland. His research interests include technology-based entrepreneurship, technology commercialization, networking, and international business. %4 University of Oulu Irna Imamovic-Tokalic is a Project Staff member at the Kajaani University of Applied Sciences in Finland. She holds a BSc degree in Macrofinancial Management from the University of Sarajevo, Bosnia. Her research interests include technology commercialization, digital media and marketing, graphic design, and financial management. %# University of Oulu Andrea Zambrano is a Project Researcher at the Kajaani University of Applied Sciences in Finland. She holds a master’s degree in Financial and Management Accounting from the University of Oulu in Finland, and in International Economics from the University of Antwerp in Belgium. Her research interests include financial management, research cooperation with Latin-American regions, and economic impact studies with focuses on benefit-cost analyses, financial analyses, and forecasting. %R http://doi.org/10.22215/timreview/864