By Scott Andrew Shane
In the course of my tenure at Cornell University's Entrepreneur In place of abode, i discovered Scott Shane's e-book to be a beneficial source choked with info and perception.
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Additional info for Academic Entrepreneurship: University Spinoffs and Wealth Creation (New Horizons in Entrepreneurship Series,)
Researchers have offered three explanations for the greater geographic localization of spinoffs relative to established firm licensees. First, when institutional conflict of interest policies allow it, the university researchers who found spinoffs often make use of the laboratories where their inventions are created to conduct additional contract research that keeps the inventor involved (Wilson and Szygenda, 1991). The ability to conduct additional research is, of course, facilitated by physical proximity.
A lot of these licenses wind up going down the drain because the champion leaves the company. Or the champion who wants to license the product doesn’t have the clout to force it through the company. Why do university spinoffs matter? 35 Lastly, this inventor–founder adds, even if the potential champion can get the technology licensed and does not leave the company, that person might not ‘have the vision, resources, and commitment to elaborate the technology so that it will see the light of day’.
The first section of the chapter discusses the evolution of efforts by universities to commercialize technologies created by their faculty, staff and students through the creation of new companies from the earliest efforts to the present day. In addition to providing an overview of the development of technology commercialization and spinoff activity in the United States since the beginning of the 20th century, this section describes the birth of the modern era of spinoff activity – the period since the passage of the Bayh–Dole Act in 1980 – and the tremendous increases in technology commercialization and spinoff activity that have occurred since 1980.
Academic Entrepreneurship: University Spinoffs and Wealth Creation (New Horizons in Entrepreneurship Series,) by Scott Andrew Shane