Company and University Innovation during an Industry Incubation Phase: Evidence from Quantum Computing

62 Pages Posted: 12 Sep 2024

See all articles by Avi Goldfarb

Avi Goldfarb

University of Toronto - Rotman School of Management

Jino Lu

Washington University in St. Louis - John M. Olin Business School

Florenta Teodoridis

University of Southern California - Marshall School of Business

Date Written: August 11, 2024

Abstract

Uncovering factors that shape the trajectories of technologies during the incubation stage is crucial for maximizing value creation potential. Yet, existing studies have predominantly focused on characterizing innovation activities in later industry stages after a technology has already become commercially viable, largely due to difficulties of obtaining reach incubation stage data. In this study, we document incubation stage innovation efforts in quantum computing guided by insights from the existing literature on industry evolution, on university and company innovation, and on enabling technologies. Our analysis aligns with the hypothesized important roles of company innovation, collaboration between companies and universities, and reduction in demand and technological uncertainty during the incubation stage. It also highlights the critical importance of value capture strategies, which are especially essential yet challenging to develop during the incubation stage of enabling technologies.

Keywords: Innovation, Incubation, Enabling Technology, General Purpose Technology, Quantum Computing

JEL Classification: O30, O32, O31, O33, O34, O10, O39

Suggested Citation

Goldfarb, Avi and Lu, Jino and Teodoridis, Florenta, Company and University Innovation during an Industry Incubation Phase: Evidence from Quantum Computing (August 11, 2024). Available at SSRN: https://ssrn.com/abstract=4922650 or http://dx.doi.org/10.2139/ssrn.4922650

Avi Goldfarb

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada
416-946-8604 (Phone)
416-978-5433 (Fax)

Jino Lu

Washington University in St. Louis - John M. Olin Business School ( email )

One Brookings Drive
Campus Box 1133
St. Louis, MO 63130-4899
United States

Florenta Teodoridis (Contact Author)

University of Southern California - Marshall School of Business ( email )

701 Exposition Blvd
Los Angeles, CA California 90089
United States

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