The Relationship Between Social Innovation and Return on Investment (ROI) in Polytechnic and Community Collages Commercialization Activities
DOI:
https://doi.org/10.53797/aspen.v6i2.1.2026Keywords:
Return on Investment, Commercialization Activities, Social Innovation, Polytechnic, community collageAbstract
Research, development, innovation, commercialization and economy (RDICE) are the main focuses of Technical and Vocational Education and Training (TVET), an educational system that prioritizes obtaining Return on Investment (ROI). As essential parts of the TVET system, polytechnics and community colleges are always looking to improve income generation through ROI-driven projects. However, a number of contributing factors, such as product value, product exposure, return on Investment (ROI) and social innovation (SI) are necessary for ROI to be successful in polytechnics and community colleges. The purpose of this study is to examine need for return on investment and social Innovation in commercialization activities of Polytechnics and Community Colleges. A quantitative research technique was used, with 145 respondents including Heads of Research, Innovation, and Commercialization from polytechnics and community colleges. Partial Least Squares (PLS) analysis is used to analyze data. This study's findings show that Return on Investment (ROI) and Social Innovation (SI) are key predictors of successful commercialization activities. This study provides strategic insights for educational institutions to boost their commercialization activities while remaining aligned with the commercialization agendas of polytechnics and community colleges.
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