The Commercialization of Technology Based Firms (TBFs) have been acknowledged to play an
increasingly significant role in economic development and has been regarded as an engine of growth that
gingers rapid industrialization, generates revenue, wealth creation and employment generation. Many
universities and other research institutes in Malaysia have established Technology Transfer Offices (TTO) to
support the scientist in the bid to commercialize Research and Development (R and D) initiatives. This among
others are the lessons learnt from the Bayh Dole Act which shows that increasing policy support from
various government has motivated academic entrepreneurs to chun out spin off companies. The purpose of
this research is to find out the roles of government in the commercialization of TBFs in Malaysia. In this
research, 28 technology based firms and 19 venture capital firms were interviewed with the aid of a tape recorder
and some through observation. Data was later transcribed and analyzed through content analysis, identified
items coded and emerging themes sorted. Conclusions are drawn from the study findings and
recommendations made
