The main purpose for this study was to find out which factors at the university level affect the ability to commercialize their invention patents in a Latin American country. Twenty-one Colombian universities participated in this study. The information was treated by the Partial Least Squares regression (PLS) path model. The primary information was obtained from the application of a survey to a random sample of 87 invention patents, whose holder is a Colombian university. Of the answers received, the one that generates the most concern is the fact that almost 80% of patents of invention have not been commercialized. This discovery is new for the Colombian case and it is something for which until now there was no scientific evidence. This not only questions the effectiveness of the country's Innovation System, but also forces to review the processes of scientific research and patenting ca...

The main purpose for this study was to find out which factors at the university level affect the ability to commercialize their invention patents in a Latin American country. Twenty-one Colombian universities participated in this study. The information was treated by the Partial Least Squares regression (PLS) path model. The primary information was obtained from the application of a survey to a random sample of 87 invention patents, whose holder is a Colombian university. Of the answers received, the one that generates the most concern is the fact that almost 80% of patents of invention have not been commercialized. This discovery is new for the Colombian case and it is something for which until now there was no scientific evidence. This not only questions the effectiveness of the country's Innovation System, but also forces to review the processes of scientific research and patenting ca...