Proof of concept centers: accelerating the commercialization of university innovation

By Christine A. Gulbranson, David B. Audretsch. 2008

126 citations recorded by the source corpus.

Innovation drives economic growth. Economic growth leads to longer, healthier lives by transforming yesterday’s luxuries into better, cheaper, and more efficient goods and services. University research is a key component of our nation’s innovative capacity. In an increasingly dynamic and global economy, the institutional infrastructure is inefficient at moving university innovations to the marketplace. University researchers often face convoluted procedures with insufficient guidance to commercialize their innovations. As angel investors and venture capitalists increasingly invest in later stage enterprises (See PricewaterhouseCoopers, and National Venture Capital Association. MoneyTree™ survey report. 2007. and VentureOne, “Venture Capital Industry Report.” DowJones 2006), researchers face difficulty finding early stage funding to develop and test prototypes and conduct market research. In order to fill this funding gap and accelerate the commercialization of university innovations, a new type of organization has emerged—the proof of concept center. An analysis of the Deshpande Center at MIT and the von Liebig Center at UCSD provides valuable insight into how proof of concept centers can facilitate the transfer of university innovations into commercial applications.

Subfields: Accounting, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/35b707851c99282636711d026b4bb67300f6ec24

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

In Strategy and Management

Citations in the corpus

Democratization is the Driving Force for Technological and Economic Change (2010, unknown): “38 [82, 1, 83].”
The effect of the triple helix system and habitat on regional entrepreneurship: Empirical evidence from the U.S. (2012, unknown): “(Brander and De Bettignies, 2009; Gulbranson and Audretsch, 2008; Sohl, 2003).”
Models and Methods of University Technology Transfer (2013, unknown): “POCCs can be utilized to facilitate the transfer of university innovations into commercial applications (Gulbranson and Audretsch, 2008).”
Harnessing University Entrepreneurship for Economic Growth (2013, background): “Programs and policies have emerged at the university level in the form of science parks, incubators, proof of concept centers, and venture funds (Blair & Hitchens, 1998; Gulbranson & Audretsch, 2008; Siegel et al., 2003).”
Conceptualizing academic entrepreneurship ecosystems: a review, analysis and extension of the literature (2018, background): “While the efficacy of these programs has not been evaluated, Hayter and Link (2015) find that universities with PoCCs tend to produce higher number of spinoffs.”