Principal parameters affecting R&D exploitation of nanotechnology research: a case for Korea

The purpose of this study is to determine principal parameters which affect the R&D exploitation and to explore R&D activities in closed science that positively affect those in open science. Based on 486 nanotechnology projects from five national R&D programs in South Korea, canonical correlation analysis is used to analyze the relationships among R&D parameters of inputs, outputs and outcomes and to determine principle parameters. As a result, this study concludes that the principal parameters are publications with high impact, patents, and academic degrees. This study also shows a positive correlation between activities in open science and closed science. The conclusions suggest that research results with high impact value should be endorsed by the Korean government and should try to keep a balance between R&D exploitation in open science and closed science. This study would be used for establishing South Korea's R&D policy effective for faster commercialization of nanotechnology related research.