What is Science and Technology Institution

Science and technology institutions are established by governments to promote advancement of science and technology in support of their social economic developments. The purpose of this study is to deliberate a framework for monitoring and assessment of technology ventures exploiting disruptive technologies from the standpoint of a science and technology institution. This framework harnessing both internal resources and externalities aims to enhance the role of institutional stakeholders in governing and nurturing technology ventures. This approach stresses the dynamics between resource management and the external landscapes as critical considerations in performance measurement and management of technology ventures. Such dynamic interaction between a science and technology institution and a cluster of technology ventures under its supervision is expected to evolve over time with frequent reassessments of its technology foresight.