IDEAS home Printed from https://ideas.repec.org/a/kap/jtecht/v40y2015i1p178-183.html
   My bibliography  Save this article

On the economic impact of university proof of concept centers

Author

Listed:
  • Christopher Hayter
  • Albert Link

Abstract

University proof of concept centers (PoCCs) are an organizational innovation intended to improve the dissemination and commercialization of new knowledge. During the past 15 years, at least 32 university-affiliated PoCCs have been established at universities within the United States. Despite this recent growth, little systematic empirical research exists relating to the organization or impact of PoCCs. Analyzing data published by the Association of University Technology Managers, we find that universities affiliated with a PoCC enjoy a positive and statistically significant increase in the number of spinoffs established each year after adoption. While additional research is needed, our findings are consistent with the presumption that PoCCs may offer a promising new tool for regional and national economic development. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Christopher Hayter & Albert Link, 2015. "On the economic impact of university proof of concept centers," The Journal of Technology Transfer, Springer, vol. 40(1), pages 178-183, February.
    • Handle: RePEc:kap:jtecht:v:40:y:2015:i:1:p:178-183
    DOI: 10.1007/s10961-014-9369-4
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10961-014-9369-4
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10961-014-9369-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Christine Gulbranson & David Audretsch, 2008. "Proof of concept centers: accelerating the commercialization of university innovation," The Journal of Technology Transfer, Springer, vol. 33(3), pages 249-258, June.
    2. Samantha Bradley & Christopher Hayter & Albert Link, 2013. "Proof of Concept Centers in the United States: an exploratory look," The Journal of Technology Transfer, Springer, vol. 38(4), pages 349-381, August.
    3. Frank T. Rothaermel & Shanti D. Agung & Lin Jiang, 2007. "University entrepreneurship: a taxonomy of the literature," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 16(4), pages 691-791, August.
    4. Phan, Phillip H. & Siegel, Donald S., 2006. "The Effectiveness of University Technology Transfer," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 2(2), pages 77-144, November.
    5. Pontus Braunerhjelm & Zoltán J. Ács & David B. Audretsch & Bo Carlsson, 2015. "The missing link: knowledge diffusion and entrepreneurship in endogenous growth," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 6, pages 108-128, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christopher S. Hayter & Andrew J. Nelson & Stephanie Zayed & Alan C. O’Connor, 2018. "Conceptualizing academic entrepreneurship ecosystems: a review, analysis and extension of the literature," The Journal of Technology Transfer, Springer, vol. 43(4), pages 1039-1082, August.
    2. Viktor Slavtchev & Devrim Göktepe-Hultén, 2016. "Support for public research spin-offs by the parent organizations and the speed of commercialization," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1507-1525, December.
    3. James A. Cunningham & Erik E. Lehmann & Matthias Menter, 2022. "The organizational architecture of entrepreneurial universities across the stages of entrepreneurship: a conceptual framework," Small Business Economics, Springer, vol. 59(1), pages 11-27, June.
    4. Jeongsik Lee & Eric Stuen, 2016. "University reputation and technology commercialization: evidence from nanoscale science," The Journal of Technology Transfer, Springer, vol. 41(3), pages 586-609, June.
    5. Ellwood, Paul & Williams, Ceri & Egan, John, 2022. "Crossing the valley of death: Five underlying innovation processes," Technovation, Elsevier, vol. 109(C).
    6. Battaglia, Daniele & Paolucci, Emilio & Ughetto, Elisa, 2021. "Opening the black box of university Proof-of-Concept programs: Project and team-based determinants of research commercialization outcomes," Technovation, Elsevier, vol. 108(C).
    7. Véronique Schaeffer & Mireille Matt, 2016. "Development of academic entrepreneurship in a non-mature context: the role of the university as a hub-organisation," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 28(9-10), pages 724-745, October.
    8. Arman Yalvac Aksoy & Catherine Beaudry, 2021. "How are companies paying for university research licenses? Empirical evidence from university-firm technology transfer," The Journal of Technology Transfer, Springer, vol. 46(6), pages 2051-2121, December.
    9. Christopher S. Hayter, 2016. "A trajectory of early-stage spinoff success: the role of knowledge intermediaries within an entrepreneurial university ecosystem," Small Business Economics, Springer, vol. 47(3), pages 633-656, October.
    10. Villani, Elisa & Rasmussen, Einar & Grimaldi, Rosa, 2017. "How intermediary organizations facilitate university–industry technology transfer: A proximity approach," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 86-102.
    11. Magnus Klofsten & Dylan Jones-Evans & Luciana Pereira, 2021. "Teaching science and technology PhD students in entrepreneurship-potential learning opportunities and outcomes," The Journal of Technology Transfer, Springer, vol. 46(2), pages 319-334, April.
    12. Hayter, Christopher S., 2016. "Constraining entrepreneurial development: A knowledge-based view of social networks among academic entrepreneurs," Research Policy, Elsevier, vol. 45(2), pages 475-490.
    13. Good, Matthew & Knockaert, Mirjam & Soppe, Birthe & Wright, Mike, 2019. "The technology transfer ecosystem in academia. An organizational design perspective," Technovation, Elsevier, vol. 82, pages 35-50.
    14. Alessandra Colombelli & Elettra D?Amico & Emilio Paolucci & Riccardo Ricci, 2018. "Attivit? e modelli universitari di trasferimento tecnologico," ECONOMIA E SOCIET? REGIONALE, FrancoAngeli Editore, vol. 0(3), pages 10-27.
    15. Ilya Kuzminov & Pavel Bakhtin & Elena Khabirova & Irina V. Loginova, 2018. "Detecting and Validating Global Technology Trends Using Quantitative and Expert-Based Foresight Techniques," HSE Working papers WP BRP 82/STI/2018, National Research University Higher School of Economics.
    16. Jonathan D. Linton & Wei Xu, 2021. "Research on science and technological entrepreneurship education: What needs to happen next?," The Journal of Technology Transfer, Springer, vol. 46(2), pages 393-406, April.
    17. Erik E. Lehmann & Matthias Menter & Katharine Wirsching, 2022. "University spillovers, absorptive capacities, and firm performance," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(1), pages 125-150, March.
    18. Julie Vardhan & Madhuri Mahato, 2022. "Business Incubation Centres in Universities and Their Role in Developing Entrepreneurial Ecosystem," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 8(1), pages 143-157, January.
    19. Battaglia, Daniele & Paolucci, Emilio & Ughetto, Elisa, 2021. "The role of Proof-of-Concept programs in facilitating the commercialization of research-based inventions," Research Policy, Elsevier, vol. 50(6).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hayter, Christopher S., 2016. "Constraining entrepreneurial development: A knowledge-based view of social networks among academic entrepreneurs," Research Policy, Elsevier, vol. 45(2), pages 475-490.
    2. Bradley, Samantha R. & Hayter, Christopher S. & Link, Albert N., 2013. "Models and Methods of University Technology Transfer," UNCG Economics Working Papers 13-10, University of North Carolina at Greensboro, Department of Economics.
    3. Christopher S. Hayter, 2013. "Harnessing University Entrepreneurship for Economic Growth," Economic Development Quarterly, , vol. 27(1), pages 18-28, February.
    4. Christopher S. Hayter & Andrew J. Nelson & Stephanie Zayed & Alan C. O’Connor, 2018. "Conceptualizing academic entrepreneurship ecosystems: a review, analysis and extension of the literature," The Journal of Technology Transfer, Springer, vol. 43(4), pages 1039-1082, August.
    5. Jacob H. Rooksby & Christopher S. Hayter, 2019. "Copyrights in higher education: motivating a research agenda," The Journal of Technology Transfer, Springer, vol. 44(1), pages 250-263, February.
    6. Good, Matthew & Knockaert, Mirjam & Soppe, Birthe & Wright, Mike, 2019. "The technology transfer ecosystem in academia. An organizational design perspective," Technovation, Elsevier, vol. 82, pages 35-50.
    7. Ruoying Zhou & Ning Baines, 2024. "To what extent do universities’ formal and informal knowledge exchange activities interact: evidence from UK HE-BCI survey," The Journal of Technology Transfer, Springer, vol. 49(4), pages 1145-1175, August.
    8. Christopher S. Hayter & Roman Lubynsky & Spiro Maroulis, 2017. "Who is the academic entrepreneur? The role of graduate students in the development of university spinoffs," The Journal of Technology Transfer, Springer, vol. 42(6), pages 1237-1254, December.
    9. Munari, Federico & Sobrero, Maurizio & Toschi, Laura, 2018. "The university as a venture capitalist? Gap funding instruments for technology transfer," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 70-84.
    10. Christopher S. Hayter, 2016. "A trajectory of early-stage spinoff success: the role of knowledge intermediaries within an entrepreneurial university ecosystem," Small Business Economics, Springer, vol. 47(3), pages 633-656, October.
    11. Munari, Federico & Toschi, Laura, 2021. "The impact of public funding on science valorisation: an analysis of the ERC Proof-of-Concept Programme," Research Policy, Elsevier, vol. 50(6).
    12. Giorgio Calcagnini & Germana Giombini & Paolo Liberati & Giuseppe Travaglini, 2019. "Technology transfer with search intensity and project advertising," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1529-1546, October.
    13. Johnson, William H.A., 2011. "Managing university technology development using organizational control theory," Research Policy, Elsevier, vol. 40(6), pages 842-852, July.
    14. Aldridge, T. Taylor & Audretsch, David, 2011. "The Bayh-Dole Act and scientist entrepreneurship," Research Policy, Elsevier, vol. 40(8), pages 1058-1067, October.
    15. O’Kane, Conor & Mangematin, Vincent & Geoghegan, Will & Fitzgerald, Ciara, 2015. "University technology transfer offices: The search for identity to build legitimacy," Research Policy, Elsevier, vol. 44(2), pages 421-437.
    16. Andrea Bonaccorsi & Luca Secondi & Enza Setteducati & Alessio Ancaiani, 2014. "Participation and commitment in third-party research funding: evidence from Italian Universities," The Journal of Technology Transfer, Springer, vol. 39(2), pages 169-198, April.
    17. Christoph Kober, 2010. "Enhancing Knowledge-Based Regional Economic Development: Potentials and Barriers for Technology Transfer Offices," NEURUS papers neurusp139, NEURUS - Network of European and US Regional and Urban Studies.
    18. Todd Davey & Sue Rossano & Peter Sijde, 2016. "Does context matter in academic entrepreneurship? The role of barriers and drivers in the regional and national context," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1457-1482, December.
    19. Annelore Huyghe & Mirjam Knockaert & Mike Wright & Evila Piva, 2014. "Technology transfer offices as boundary spanners in the pre-spin-off process: the case of a hybrid model," Small Business Economics, Springer, vol. 43(2), pages 289-307, August.
    20. Giuliano Sansone & Daniele Battaglia & Paolo Landoni & Emilio Paolucci, 2021. "Academic spinoffs: the role of entrepreneurship education," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 369-399, March.

    More about this item

    Keywords

    Proof of concept center; University technology transfer; Entrepreneurship; Startups; Technology; O31; O33; L26; M13;
    All these keywords.

    JEL classification:

    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jtecht:v:40:y:2015:i:1:p:178-183. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.