An official website of the United States government
Abstract Early-stage science-based ventures (SBVs) require a wide range of intellectual resources and practical know-how to successfully commercialize their technologies. Often SBV founders actively gain this knowledge through advisory relationships providing business and technology guidance. We explore the effects of both business and technology advisors in combination with the founder’s entrepreneurial and technology experience. We measure early-stage success in an SBV using application readiness, a novel concept that encompasses progress in both technology discovery and validation as well as market identification and application. Using hand-collected longitudinal data from 112 emerging science-based ventures associated with American universities, we find that business advisors have a positive impact on application readiness, while technology advisors delay it; and these effects are moderated by the founder’s experience. Remarkably, a small number of advisors can have the same impact as decades of experience. Our article unpacks underexplored mechanisms through which advisors—an often-used policy tool supporting entrepreneurship—are implemented in emerging science-based ventures and makes academic contributions to the literatures on technology commercialization, advisors and human capital.
more »
« less
Addressing academic researcher priorities through science and technology entrepreneurship education
A key feature of the movement to create more entrepreneurial universities is incentivizing researchers to move discoveries beyond the laboratory and into society. This places additional expectations on Ph.D. students and faculty in science and engineering disciplines, who are encouraged to explore the commercialization of their research to promote the role of universities in innovation and job creation. A major barrier to this movement is that traditional Ph.D. training does not prepare researchers to participate in entrepreneurial activity, and as such its relevance to scientific work may not be evident. In this paper, we propose a course model for science and technology entrepreneurship education that has been designed to enable academic researchers to play a more active and informed role in the commercialization of their discovery. Its curricular foundation is a set of 14 factors that address the following four priorities: (1) technology readiness and timing, (2) intellectual property pathway decisions, (3) engagement with the entrepreneurial ecosystem, and (4) personal career choices. We describe the rationale for the course, its content and outcomes.
more »
« less
- Award ID(s):
- 1643280
- PAR ID:
- 10195963
- Date Published:
- Journal Name:
- The Journal of Technology Transfer
- ISSN:
- 0892-9912
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
More Like this
-
-
null (Ed.)Purpose Expanding access to entrepreneurship training programs can be a method to increase female involvement in technology commercialization only if these programs adequately address the specific challenges facing female faculty and graduate students. In the context of the US National Science Foundation's Innovation Corps (NSF I-Corps) program, this study examines gender differences in prior experience and attitudes towards the training in order to propose improvements to the program design. Design/methodology/approach This quantitative study uses Pearson's Chi-Square and ANOVA tests on survey data from the I-Corps national program ( n = 2,195), which enrolls faculty members, graduate students, postdoctoral researchers and industry experts. Findings In comparison to male participants, female I-Corps participants reported less entrepreneurial experience prior to the program, poorer team relationships during the program and lower entrepreneurial intention and technology commercialization readiness at both the beginning and the end of the program. However, no gender differences were found in positive or negative perceptions of the instructional climate or perceptions of program usefulness. Originality/value This study is unique as it is based on a large-scale dataset drawn from sites across the United States. The results support potential changes to I-Corps and similar programs, including providing more explicit instructions for tasks with which female participants have less prior experience than males (e.g. in applying for patents), offering guidance for team interactions, and providing mentorship to assess whether low self-efficacy is leading women to underestimate the potential success of their projects.more » « less
-
Historically Black Colleges and Universities (HBCUs) innovators lag behind their non-HBCU counterparts in the commercialization of innovations as they were originally set up as teaching and blue-collar trade institutions. There exists a strong need for education and training to bridge this gap by promoting the commercialization of innovations in HBCUs and thus transform next-generation HBCU innovators into entrepreneurs. HBCUs are promoting entrepreneurial education and mindset via changes in engineering education programs and curriculums. Several federally funded programs like the National Science Foundation (NSF) Center of Research Excellence in Science and Technology (CREST) Center for Nanotechnology Research Excellence (CNRE) are promoting innovation and intellectual property generation at HBCUs. NSF I-Corps Program supports the education and training of innovators about the commercialization of mature or patented innovations at HBCUs. The NSF I-Corps Introduction to Customer Discovery explores strategies in identifying key customer segments through extensive customer interviews, which is a fundamental step in the commercialization process. This paper discusses our educational experience in the customer discovery process for Pumpless Solar Thermal Air Heater (Patent Number 10775058). To learn about prospective customers’ attitudes and perceptions of the innovation, we conducted 30 interviews with potential customers (end users). Our innovation is focused on providing portable, cost-effective, healthy, and environmentally friendly space heating solutions. We tested several hypotheses about the value proposition of our innovation during interviews to explore the market segments for potential commercialization. During the Customer Discovery process, we came to know about new issues such as health issues caused by the dry air in winter. We also learned that mitigation of problems due to the current heating system required a humidifier to reduce health issues that added additional cost. Based on our interviews our innovation is suitable for customers needing: (i) Heating source mitigating health issues, (ii) add-on technology to reduce their heating bills. Our next step is to pursue market segments for our innovation. We plan to utilize the current experience of commercialization of intellectual property to develop training modules for the MECH 302 Undergraduate Research Experience and MECH 500 Research Methods and Technical Communication courses offered under the mechanical engineering program at the University of the District of Columbia (UDC).more » « less
-
null (Ed.)Searching, compiling, understanding, and explaining the literature relative to one’s research or project represents an essential 21-st century skill for students. The innovation in the present work is that the full range of these diverse topics can be integrated and team taught, in a single unified course format. There is widespread awareness that the rapid advances in technology have greatly accelerated fundamental progress in science, engineering, and medicine as well as in the entrepreneurial development in these fields. Simultaneously, there have been, perhaps less publicized, advances in information science, database technology, literature searching tools, data compilation tools, and data sharing tools. To be competitive, students need to learn about and to incorporate these powerful tools into their research and engineering project work while they are in school and after graduation. Lessons learned in developing a productive academic research laboratory (Optics Laboratory at Georgia Tech) were used to formulate an inclusive suite of the needed topics and to introduce these via a course for undergraduate students to be team taught by an engineering professor and several librarians. After five offerings, this course has earned permanent listing. The resulting 2-credit hour elective “Research Methods” course has gotten high course evaluations. The course has enrolled not only the intended undergraduate students, but also has attracted graduate students, post-doctoral researchers, and faculty as well.more » « less
-
Evaluating the impact of entrepreneurship education is difficult given the heterogeneity of programming which presents challenges related to the generalizability of findings. The National Science Foundation’s Innovation-Corps (I-Corps) program, which incentivizes academic researchers to explore the commercialization potential of their research, offers a unique opportunity to examine the outcomes of entrepreneurship and technology commercialization training from an educational perspective given its standardization across populations and settings. We used the four-level Kirkpatrick Model for evaluating the impact of training and education programs to examine faculty experiences with I-Corps in depth. Using a qualitative inquiry methodology, we conducted 26 interviews with faculty innovators across three large public research institutions. Findings revealed that faculty had positive impressions of the program overall and attributed specific knowledge gains to participation. They also described behavioral changes impacting both their research and teaching. However, participants also identified challenges with I-Corps pedagogy and identified opportunities to improve training. This program evaluation and description of specific learning outcomes (skills, knowledge, attitude, and behaviors) contributes to best practices associated with delivering technology commercialization and entrepreneurship training to academic researchers.more » « less
- Free Publicly Accessible Full Text
-
Accepted Manuscript1.0
- Journal Article:
- https://doi.org/10.1007/s10961-020-09787-5
