By Scott Shane
Regardless of a wealth of efforts that learn individually the function marketers and universities play in financial improvement, no systematic attempt has been made to check the function universities play in selling financial improvement via entrepreneurship. This e-book fills that hole, targeting coverage facets of government-university partnerships with a dialogue either one of top practices and frustrating options.
The ebook starts off by way of tracing the historical past of yank government-university-industry partnerships that experience promoted fiscal improvement. In succeeding chapters, recognized students concentrate on linkages in numerous domain names corresponding to: know-how move, innovation networks, mind drain, cluster-based making plans, and production. Practitioner commentaries keep on with some of the chapters with a purpose to current an assessment of the arguments from the viewpoint of somebody at once eager about the fostering of those relationships.
Non-technical and obtainable in nature, the chapters summarize latest wisdom and learn for you to support policymakers, foundations, collage officers, enterprise leaders and different stakeholders create and increase partnerships among universities and governments that motivate monetary improvement via entrepreneurship.
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Extra info for Economic Development Through Entrepreneurship: Government, University And Business Linkages (New Horizons in Entrepreneurship)
Because start-up companies rarely have other competitive advantages at the time they are founded, they are often unwilling to develop new technology unless they have exclusive rights to use that technology once it is developed. In addition, spin-off companies often require additional external funding to support their development of technology, which is often at a pre-commercialization stage prior to licensing. Government policies and technology transfer 41 Investors are more likely to finance new ventures that have exclusive licenses to technology because such licenses minimize competition.
Just as Professor Feller covered 400 years in 19 1/2 minutes, so I will try to mention nine quick observations in ten minutes. First, the definition. In the main I am using the broader definition of entrepreneurship to which Professor Feller referred, that is, that an entrepreneur is a person who organizes, operates and assumes the risk for a business venture, with emphasis on the word ‘risk’. So, in my remarks, I am not limiting the concept of entrepreneurship to startling new innovations or creativity.
The Act’s stated goal is ‘to encourage maximum participation of small business firms in federally supported research and development efforts’. Perhaps the most important contribution of the Bayh–Dole Act to economic development through spin-off company creation has been to make spin-off companies something that is considered acceptable, and even desirable, at universities. , 2001). However, the Act led to a transformation of thinking among administrators at US universities to view spin-off companies as something for universities to create (Bok, 2003).