Crossing the Valley of Death - An integrated framework and a value chain for emerging technologies
Islam, N
Date: 14 April 2017
Journal
IEEE Transactions on Engineering Management
Publisher
Institute of Electrical and Electronics Engineers
Publisher DOI
Abstract
The paper develops an integrated technology-push and market-pull framework, and a value chain model for crossing
the Valley of Death (VOD-the gap between laboratory and market) for emerging technologies, based on primary and secondary
data analyses and a survey conducted on European research and development projects. The study uses ...
The paper develops an integrated technology-push and market-pull framework, and a value chain model for crossing
the Valley of Death (VOD-the gap between laboratory and market) for emerging technologies, based on primary and secondary
data analyses and a survey conducted on European research and development projects. The study uses a case of micro and nanomanufacturing
technology (MNT) and confirms the existence of the VOD through the survey data analysis. A mixed-methods
approach was adopted which investigated the business and technical challenges to the commercialization of MNT. A notable
finding is that the emerging MNT often does not have a direct link with market demand and the result suggests that an
intermediary role between advanced technology and market demand should be integrated to act as coordinator for overcoming the
VOD. The paper also examines how an intermediary is crucial to escape the VOD, within the value chain of the interdependent
relationships between actors.
Management
Faculty of Environment, Science and Economy
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