Investigating the Reasons of Failure or Lack of Success in Commercializing the Products of Knowledge-Based Companies, the Case Study of Knowledge-Based Companies in the Field of Nanotechnology

At the same time with the changes of late 20th century, a new mission was defined for universities and industries in the age of the knowledge-based economy, which required them to teach, investigate and produce the knowledge as well as "economic development"; which leads to the creation of knowledge-based companies. Accordingly by creation of the knowledge-based companies, these companies face to an extremely wide range of stakeholders, ranging from huge state apparatuses to the small private firms. One of the most important missions of these companies for economic development is the transformation of knowledge into the product and commercializing it. This has led companies to change their structure and function in a way that can accelerate the process of converting the idea into a product and commercializing it. In the present study, we tried to identify the intra-organizational difficulties of this section, by evaluating the pathology related to the failure reasons of the products commercializing in the knowledge-based companies of the nanotechnology field. The results showed that six dimensions are involved in the commercialization of knowledge-based products in the field of nanotechnology; which are respectively as follows: Rules and approvals, technical specifications, financial and economic specifications, market specifications.