Abstract

http://ssrn.com/abstract=1288942
 
 

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From Bureaucratic Tech Transfer to Entrepreneurial Tech Commercialization


Norris F. Krueger Jr.


Entrepreneurship Northwest; Max Planck Institute for Economics

Brian Cummings


University of Utah

Steven P. Nichols


University of Texas at Austin - College of Engineering

October 23, 2008


Abstract:     
60 university spinouts in 3 years. 94% still alive. Lowest cost per spinout in the US. The 'book' on successful technology transfer is to find multiple ways to substitute bottom-up entrepreneurial approaches for top-down bureaucratic mechanisms. However, few programs successfully manage the transition to entrepreneurial mode. How did they succeed where so many do not?

We present an overview of the new University of Utah program where spinouts have skyrocketed (the stats above). We share the key facets of their multiple entrepreneurial approaches that converged on their current success, supported by theory and evidence from other successful programs that will give the audience critical 'lessons learned' and a deeper understanding of how other institutions can deploy this constellation of entrepreneurial mechanisms. How does Utah (and other top programs) put entrepreneurs first? How can we replicate their success?

Etzkowitz (2008) shows that despite the press and PR, the median TTO loses money - probably more than is usually known. Only a handful regularly generate significant positive cash flow. How do they differ?

We offer here a set of key principles for successful technology commercialization, illustrated by a very recent exemplar, that of the University of Utah. As opposed to a case study where the story unfolds and key best practices identified en route, this essay builds a model for successful technology commercialization organized into five key elements. For each element, we then describe the Utah model in those terms, followed by lessons for application elsewhere.

Number of Pages in PDF File: 17

Keywords: tech transfer, technology commercialization, entrepreneurship, entrepreneurial climate, technology transfer

JEL Classification: O31, O32, M13

working papers series


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Date posted: October 27, 2008  

Suggested Citation

Krueger, Norris F. and Cummings, Brian and Nichols, Steven P., From Bureaucratic Tech Transfer to Entrepreneurial Tech Commercialization (October 23, 2008). Available at SSRN: http://ssrn.com/abstract=1288942 or http://dx.doi.org/10.2139/ssrn.1288942

Contact Information

Norris F. Krueger Jr. (Contact Author)
Entrepreneurship Northwest ( email )
1632 South Riverstone
Suite 304
Boise, ID 83706
United States
(208) 440-3747 (Phone)
Max Planck Institute for Economics ( email )
Kahlaische Str. 10
D-07745 Jena
Germany
Brian Cummings
University of Utah ( email )
1645 E. Campus Center
Salt Lake City, UT 84112
United States
Steven P. Nichols
University of Texas at Austin - College of Engineering ( email )
1 University Station
Austin, TX 78712-1179
United States
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