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On the economic impact of university proof of concept centers

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  • 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
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    1. 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.
    2. 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.
    3. 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.
    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.
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    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. 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.
    4. 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.
    5. 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.
    6. 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.
    7. Ellwood, Paul & Williams, Ceri & Egan, John, 2022. "Crossing the valley of death: Five underlying innovation processes," Technovation, Elsevier, vol. 109(C).
    8. 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.
    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. 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.
    11. 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.
    12. 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.
    13. 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).
    14. 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.
    15. 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.
    16. 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).
    17. 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.
    18. 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.
    19. 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.

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    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

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