Proof of Concept Centers: Accelerating the Commercialization of University Innovation

20 Pages Posted: 15 Nov 2013

See all articles by Christine A. Gulbranson

Christine A. Gulbranson

Ewing Marion Kauffman Foundation

David B. Audretsch

Indiana University Bloomington - School of Public & Environmental Affairs (SPEA)

Multiple version iconThere are 2 versions of this paper

Date Written: January 1, 2008

Abstract

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,1 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.

What follows is an examination of two such centers: the Deshpande Center at the MIT School of Engineering and the von Liebig Center at the University of California San Diego Jacobs School of Engineering. This analysis provides valuable insights into how proof of concept centers can facilitate the transfer of university innovations into commercial applications.

Keywords: innovation, economic growth, proof-of-concept, university, research

Suggested Citation

Gulbranson, Christine A. and Audretsch, David B., Proof of Concept Centers: Accelerating the Commercialization of University Innovation (January 1, 2008). Available at SSRN: https://ssrn.com/abstract=2354613 or http://dx.doi.org/10.2139/ssrn.2354613

Christine A. Gulbranson

Ewing Marion Kauffman Foundation ( email )

650.714.7478 (Phone)

David B. Audretsch (Contact Author)

Indiana University Bloomington - School of Public & Environmental Affairs (SPEA) ( email )

1315 East Tenth Street
Bloomington, IN 47405
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
116
Abstract Views
937
rank
87,044
PlumX Metrics