Journal of Scientific Research and Development ͵ ȋͷȌ: ͳʹͷ‐ͳ͵Ͷ, ʹͲͳ͸ Available online at www.jsrad.org )SSN ͳͳͳͷ‐͹ͷ͸ͻ © ʹͲͳ͸ JSRAD ͳʹͷ A conceptual framework on prioritization factors towards biotechnology inventions commercialization: Malaysia biotechnology industry Nur (idayat Nordin ͳ, *, Mohd Nazri Mohd Noor ʹ , Azizan Abdullah ͵ , Asmah Awal ͳ 1 Faculty of Plantation and Agrotechnology, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia 2 Faculty of Business, Multimedia University, Malacca, Malaysia 3 Faculty of Business, Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia Abstract: Commercialization is an essential strategy for a firm to keep up with the new updated technological change. One of the options for them is to acquire new inventions from external sources such as university. Based on Resource‐Based View ȋRBVȌ of firm theory, this study proposed the factors that potentially contributed to the success of university‐generated inventions commercialization by the potential recipient firm. The RBV theory will be used as a ground theory in identifying those factors. According to RBV, resources can be classified into four domains, organizational resources, technological resources, financial resources, and human resources. Therefore, this paper aims to study the effects of those resources as critical factors that enhancing the success of commercialization academically inventions and to propose a model in order to highlight these critical resources. The effect and strength relationship of various critical factors on the commercialization will be studied by on the biotechnology industries in Malaysia. By reading this paper, readers will be able to obtain clearer picture about conducting future research in order to understand the critical success for commercialization of biotechnological inventions in Malaysia. Key words: Resource‐based view ȋRBVȌ; Conceptual framework; Technology commercialization and technology transfer 1. Introduction *Commercialization is a process of moving and transfer a technology or innovative inventions from laboratory to market acceptance and use. A number of definitions have been introduced to define commercialization. Generally, commercialization can be defined as the process of transferring and converting knowledge into marketable product ȋ(assan ʹͲͳʹ; Rosa and Rose ʹͲͲ͹; Allen Consulting Group; ʹͲͲͶȌ. Technology commercialization will start with the detection of potential or opportunities. Then, the technology will be acquired by interested firm. Later, the process will continue with the application of additional idea and creativity to generate new innovative competitive product. The final stage will be the production of marketable product. (ence, based from firm perspectives new commercialization definition can be derived. Commercialization is a process of acquiring new inventions or technology from university, and converting into marketable product and use. For a company or a firm, the commercialization is one of the options for them to remain competitive in their business ȋChen et al., ʹͲͳͳȌ and is a must for firm survival and advancement ȋ(ung and Tang, ʹͲͲͺȌ. The access to the latest inventions is important for the growth of the firm. Thus, in order to keep up * Corresponding Author. with the market, it is essential to have a constant inventions and technology update as ongoing basis. With new broad inventions, it is crucial for them to has a specific running strategy in selecting successful inventions. According to Cooper and Edgett ȋʹͲͲͳȌ, the ability to select inventions with high successful rate is a basic to the business success. Correspondingly, these inventions will undergo product development during the whole process of commercialization and how firm to operationalize the strategy will manifest the business strategy. Ample evidence shows that continuous research and development on latest invention is crucial for product to penetrate market at the right time. )t is clear that firm see the importance to become knowledgeable about potential inventions. Most important, perhaps, is that industry has recognized to certain extent criterion on what they expect for particular inventions, and only choose to engage with it if inventions are highly competitive advantage and in‐line with their business. Thus, important technical questions arose: What is the viewpoint in which decisively affects the selection of the invention? What is firm Dzwish listdz or related criterion they look when assessing and selecting new inventions? Both questions have to be answered in order to gains attention from firm and industry and thus increase chance to get commercialized. Only little information that may explain why some firm