Identification and evaluation of effective components on the required return on investment in commercialization of academic researches in Iran

The purpose of this research is to identify and evaluate the factors affecting required return on investment in the commercialization of academic researches in Iran's knowledge-based industries.

The present research is applied in terms of purpose, and exploratory in terms of mixed nature. In a qualitative approach, 53 components were identified by a systematic review of studies related to the research problemAnd 46 components were selected from them with the consensus of 17 experts using fuzzy Delphi method and then they were categorized by exploratory factor analysis method in six dimensions. In the quantitative approach to evaluate the identified components, using a survey method and a researcher-made questionnaire, sample opinions were collected including 56 managers of venture capital funds who were randomly selected and then were analyzed by the method of structural equation model and with the help of SPSS and LISREL software.

investing in commercialization of academic researches related to knowledge-based industries in Iran doesn't have return required. One of the important reasons is the inconsistency of research policies of higher education, strategic goals of academic researches and market mechanisms for the consumption of products of knowledge-based industries.

46 components have effect on the required return on investment: structural and managerial dimensions (11 components), specialization (9 components), research (11 components), commercial (8 components) and value creation (5 components).