Study on Characteristics of Technology Transfer in Venture Business

This paper is to explore the characteristics of venture business and entrepreneurs to identify technology transfer activities in venture and to analyze the differences between technology transfer in linear and non-linear venture businesses to guide more effective future venture business policy and strategy. The empirical assessment reveals that entrepreneurs have accurate evaluations and realistic expectations about their resources and capacities as well as functions and features of science parks and incubators. Linear model based start-ups shows higher education, basic technology innovation, late start-up age, more R&D oriented prior jobs and experiences than nonlinear based start-ups. Contrast to expectations, functions and features of science parks and incubators were not significantly influencing on start-ups nor contributing to growth of venture business. Therefore, more effective venture nurturing strategies are in need for further vitalization of venture businesses.