%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