An empirical study on the influencing factors of patented technology transfer prices in Universities——Evidence from 10 key universities in China

The successful transformation of science and technology (S&T) achievements is relies on the evaluation of their value by the stakeholders in the S&T market. Both excessively high prices set by the patent holder and excessively low prices offered by potential buyers can hinder the successful transfer of S&T achievements. This study, based on the Triple Helix Innovation Theory and Technology Transfer Theory, empirically examines the factors that influence the price of patent technology transfer, using a sample of 10 key Chinese universities from 2018 to 2022. Research found that the inherent quality of patents and the external market environment both have a positive and significant impact on the price of patented technology transfer in universities. Furthermore, government support plays a significant role in moderating the effect of patent quality and market transaction factors on the price of patent technology transfer in universities. Additionally, there is industry heterogeneity in the pricing of patent technology transfer. Therefore, the policy focus for promoting patent technology transfer in Chinese universities should be placed on enhancing patent quality, standardizing the technology transfer process, improving patent information disclosure, and strengthening government support to effectively implement policy assistance.