The objective of this study is to investigate how the non-core ideas and technologies (IaTs) of a large corporation can be reused by start-ups. Many IaTs are not deemed valuable or useful for a parent corporation, so for various reasons, these IaTs remain unused and eventually perish as they become obsolete. However, there exists a possibility to create new business from these non-core IaTs. We discovered that an intermediary organization, acting as a catalyst, can be instrumental in bringing corporations with unused IaTs together with interested parties and reduce the information asymmetry between them. A funding mechanism is also crucial for appropriating non-core IaTs. Moreover, the underlying market and economic conditions play a natural role in the transfer of non-core IaTs.
- Idea recycling
- Non-core ideas and technologies
- Technology transfer