A taxonomy of small firm technology commercialization

Dirk Libaers, Diana Hicks* (Corresponding Author), Alan Porter

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

29 Citations (Scopus)


This article proposes a taxonomy of business models used by small, highly innovative firms focused on technology commercialization. Such firms disproportionately contribute to technological change in the US economy. The firms operate across industries and use a variety of technology platforms. Exploratory factor analysis of keyword occurrence on firm websites generated a taxonomy comprising: research organization; development stage biosciences; highly specialized component supplier; specialized subcontractor; product solutions providers; and service solutions providers. This framework provides entrepreneurs and policy makers with an overview of new technology commercialization paths tailored to small, innovative firms.
Original languageEnglish
Pages (from-to)371–405
Number of pages35
JournalIndustrial and Corporate Change
Issue number3
Early online date4 Jun 2010
Publication statusPublished - Jun 2016

Bibliographical note

The authors are deeply indebted to David Schoeneck for research support and
fruitful discussions.

Small Business Administration, Office of Advocacy [SBAHQ05M0292 to D.H. and


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