The overall objective of this elaboration, was to analyze the processes of the commercialization of knowledge and technology transfer, as well as to examine the most important opportunities and obstacles to effective commercialization in Poland. Within the framework of this study, an attempt to characterize the terms on knowledge, technology and innovation, as well as the analysis of the connections between them is presented. Subsequently, the notion of the academic entrepreneurship, as well as the notion of intellectual property protection and its significance in the business practice is...