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University Startups and Spin-Offs

University Startups and Spin-Offs
Author: Manuel Stagars
Publisher: Apress
Total Pages: 235
Release: 2014-11-27
Genre: Business & Economics
ISBN: 1484206231

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University Startups and Spin-Offs teaches university students, researchers, and educators the most effective strategies and tactics for launching their own startups from academic platforms with the backing of school programs, public grants, incubators, seed accelerators, and private partnerships in all parts of the world. Serial entrepreneur Manuel Stagars advises students, faculty, and researchers how to test their ideas for marketability, how to develop commercial products out of research projects, and how to engage companies and investors with attractive value propositions. The author has seventeen years of experience as startup entrepreneur, founder of seven companies in the United States, Europe, and Japan, consultant to universities on commercializing their research programs, angel investor, and startup mentor. Stagars’ advice is field-tested, battle-hardened, and supported with a wealth of instructive first-hand examples from his international experience. The author advises academic entrepreneurs to take matters into their own hands instead of relying on the initiative and support of universities and governments. He shows students and researchers how to fit lean startup methods to their existing university ecosystems, leveraging their strengths without getting bogged down in bureaucratic morass. Avoiding theory and jargon, the book focuses on real-world situations, practical steps, checklists, and case studies. University students and researchers will learn the skills they need to become startup entrepreneurs on an academic platform. The final part of University Startups and Spin-Offs addresses university administrators, educators, technology licensing officers, incubator managers, and government grant officers. It shows them with practical examples from the private and academic sectors how to integrate startups into the fabric of the university, develop a thriving entrepreneurial ecosystem for students and researchers, leverage latent network effects, build bridges between scientific research and industries seeking innovative solutions, enhance the public image of the university, and motivate the university’s best and brightest to engage in startup enterprises that will deliver benefits to the university and the public as well as to themselves.


Academic Entrepreneurship

Academic Entrepreneurship
Author: Scott Shane
Publisher: Edward Elgar Publishing
Total Pages: 364
Release: 2004
Genre: Business & Economics
ISBN: 9781843764540

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In this unique and timely volume, Scott Shane systematically explains the formation of university spinoff companies and their role in the commercialization of university technology and wealth creation in the United States and elsewhere. The importance of university spinoff activity is discussed and the historical development of university spinoff ventures is traced over time. Scott Shane provides in-depth analysis of the four major factors that jointly influence spinoff activity: the university and societal environment, the technology developed at universities, the industries in which spinoffs operate, and the people involved. He documents the process of company creation, focusing on the formation of spinoffs, the transformation of the spinoff's technology into new products and services, the identification and exploitation of a market for these new products and services and the acquisition of financial resources. Also detailed are the factors that enhance and inhibit the performance of university spinoffs, as well as the effect that they have on the institutions that spawn them. Authoritative and highly readable, this volume will appeal to scholars researching the spinoff phenomenon, university technology transfer officers, inventors, policymakers, external entrepreneurs and investors.


Analysis and Comparison of the Creation of University Spin-off Startups in Deep Tech Between the United States and Japan

Analysis and Comparison of the Creation of University Spin-off Startups in Deep Tech Between the United States and Japan
Author: Masumi Ito (Business management researcher)
Publisher:
Total Pages: 0
Release: 2023
Genre:
ISBN:

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Research-based universities have played a significant role in the economic growth of nations, particularly in the United States, where companies originating from these universities have generated substantial employment opportunities and revenue. There exists a substantial disparity in the number of spin-off companies created from these universities between the United States and Japan. Although Japan is not far behind the United States in terms of patent numbers, it significantly lags behind in successfully commercializing research outcomes through the establishment of startups. Therefore, this thesis focuses on the Massachusetts Institute of Technology (MIT), a leading institution in spin-off creation in the United States, and the University of Tokyo, the leading institution in Japan. The objective is to investigate how their university-based ecosystems, including university-supported venture capital initiatives and on-campus entrepreneurship programs, influence the establishment of university spin-offs. The analysis is conducted through interviews and a literature review to examine the impact of these ecosystems on the formation of university spin-off startups. Many of the spin-off startups emerging from research-based universities fall under the category of "deep tech" companies, which are based on long-term research outcomes and require substantial investments and development time. Consequently, a funding gap referred to as the "valley of death" arises, presenting a unique financial challenge for entrepreneurs between research invention and commercialization. It is essential for entrepreneurs to overcome this funding gap, and thus, we also investigate how university spin-offs in Japan and the United States make fundraising choices to bridge the capital gap. By conducting these surveys, we aim to gain insights into the effectiveness of university-affiliated venture capital firms, university spin-off startups, and the overall university ecosystem.


University Spin-off Companies

University Spin-off Companies
Author: Alistair M. Brett
Publisher:
Total Pages: 346
Release: 1991
Genre: Business & Economics
ISBN:

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University-based research is increasingly leading to business opportunities beyond academia. Notable examples include Hewlett Packard from Stanford University and Digital Equipment Corp. from MIT. This volume explores this emerging phenomenon in order to offer an efficient solution to the problem of launching academic ventures. The 14 contributions to University Spin-off Companies provide an overview of the opportunities in and obstacles to creating spin-off ventures and consider case studies from several universities. The contributors believe that greater emphasis on spin-off ventures will allow the nation's universities to play a vital role in increasing industrial competitiveness, creating wealth for the community, providing greater returns on our investment in higher education and enhancing the traditional knowledge-generating role of the university sector.


Supporting University Ventures in Nanotechnology, Biomaterials and Magnetic Sensing Applications

Supporting University Ventures in Nanotechnology, Biomaterials and Magnetic Sensing Applications
Author: Julian Peña Dopazo
Publisher: Springer
Total Pages: 188
Release: 2017-07-21
Genre: Science
ISBN: 3319612379

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This book investigates the transfer of technology from basic research to society. When transferring technology, two main ways may arise: licensing out the further exploitation rights straight from the University departments to the industry or joining the technology a step beyond into market applications for products and services development, through spin-off and startup companies. This book focuses on the second process and the stakeholders involved, with several study cases from real life. Profiles of research entrepreneurs are described, along with categories and general characteristics of entrepreneurial infrastructure. Different phases of launching university ventures are presented, as well as currently perceived technology transfer systems. Important practical considerations for IP protection are included. Case studies of research transfer are shortly given, related to nanotechnology, biomaterials and magnetic sensing applications.The book was written by experts in the field with extensive practical experience in both academic and entrepreneurship real life cases, thus being able to uniquely integrate both approaches to spin-offs and startups.


Startups and Innovation Ecosystems in Emerging Markets

Startups and Innovation Ecosystems in Emerging Markets
Author: Moacir de Miranda Oliveira, Jr.
Publisher: Palgrave Macmillan
Total Pages: 0
Release: 2019-06-18
Genre: Business & Economics
ISBN: 9783030108649

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This book examines the behavior of high-tech startups and important aspects of innovation ecosystems in Brazil. It discusses how the local business environment boosts startups and high-tech entrepreneurship, leading to the most successful implementation of technology parks and incubation movements in Latin America. In the first part, the chapters explore the experience of Brazilian high-tech startups with regard to innovation, funding, background of the entrepreneur and their efforts entering international markets. The second part is dedicated to innovation ecosystems and explains the role of business incubators, acceleration programs, and university entrepreneurship in the country.


Research to Revenue

Research to Revenue
Author: Don Rose
Publisher: UNC Press Books
Total Pages: 353
Release: 2016-01-06
Genre: Education
ISBN: 146962527X

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University start-ups are unique in the world of business and entrepreneurship, translating research conducted at and owned by universities into market-ready products--a complex process that requires a combination of scientific, technical, legal, business, and financial skills to be successful. Start-ups have the potential to generate revenue for universities, enhance faculty recruitment and retention, create jobs, and create investment opportunities for venture capitalists and entrepreneurs. Research to Revenue presents the first-ever comprehensive guide to understanding, starting, and managing university startups. By systematically describing the process of translating academic research into commercial enterprises, Don Rose and Cam Patterson give a thorough, process-oriented, and practical set of guidelines that cover not only best practices but also common--and avoidable--mistakes. They detail the key factors and components that contribute to a successful start-up, explain what makes university start-ups unique, delineate the steps of building and managing them, and describe how to foster and maintain start-ups at a university. Written for faculty and staff working on campus, tech-transfer officers, university administrators, and venture capitalists unfamiliar with university structures, Research to Revenue ensures that any reader unfamiliar with technology commercialization and entrepreneurship will understand the fundamentals of the process, including intellectual property rights, fund-raising, and business models. This work is an invaluable resource for the successful formation and well-managed operation of university start-ups.


Academic Entrepreneurship in Europe

Academic Entrepreneurship in Europe
Author: Mike Wright
Publisher: Edward Elgar Publishing
Total Pages: 238
Release: 2007
Genre: Study Aids
ISBN: 1847205577

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The structure of the book and the organisation of material within chapters are well thought out with the authors skilfully weaving empirical material from diverse sources into an easily readable holistic account of the university spin-off phenomenon. . . Many of the lessons learned and conclusions drawn from this work are applicable to academic entrepreneurs in whichever faculty or subject area they work. David Woollard, International Journal of Entrepreneurial Behaviour and Research This timely book fills a gap in the knowledge market. . . The authors should be applauded for taking the time to write and share their knowledge with us. This book will be welcomed by practising researchers. . . It will also be welcomed by busy lecturers, policymakers, students and chief executive officers. Robert Smith, Entrepreneurship and Innovation This book advances our understanding of university spin-off creation and development in environments outside the high-tech clusters of the US. While there has been substantial university spin-off activity internationally in recent years, a number of major aspects are little understood. The authors argue that the nature of universities is changing as reduced public funding reflects a public debate on their role in society. An important aspect of this international phenomenon is an increased emphasis on the commercialization of university research and on academic entrepreneurship. These new ventures therefore involve the spinning-off of technology and knowledge generated by universities. The authors adopt a multi-level approach in their examination of university spin-offs. European case studies are specifically selected to reflect the diversity of the institutional environment. In particular, units of analysis involving universities, technology transfer offices, spin-off firms, finance providers and individual entrepreneurs and teams are extensively analysed in quantitative and qualitative studies. To conclude, policy implications for the future successful development of spin-offs are identified. This fascinating book will appeal to a wide-ranging audience including academics, policy makers, researchers and practitioners with an interest in academic entrepreneurship and university spin-offs, and, more generally, in business and management and entrepreneurship.


Incentive for Startups and Venture Capital

Incentive for Startups and Venture Capital
Author: United States. Congress. House. Committee on Small Business. Subcommittee on Tax, Access to Equity Capital, and Business Opportunities
Publisher:
Total Pages: 186
Release: 1983
Genre: Small business
ISBN:

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Startups by Recent University Graduates and Their Faculty - Implications for University Entrepreneurship Policy

Startups by Recent University Graduates and Their Faculty - Implications for University Entrepreneurship Policy
Author: Thomas B. Astebro
Publisher:
Total Pages: 0
Release: 2013
Genre:
ISBN:

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Earlier research on the role of universities in fostering entrepreneurial economic development almost exclusively covers spin-offs by faculty and staff. In contrast, we provide general evidence from the U.S. showing that the gross flow of science and engineering university graduates' start-ups is at least an order of magnitude larger than faculty spin-offs, that a recent graduate is twice as likely as her Professor to start a business within three years of graduation, and that the graduates' spin-offs are not of low quality. Three case studies illustrate how universities may stimulate science and engineering students and recent graduates to create new firms of high quality. We conclude that transforming university goals and practices toward increasing start-ups led by faculty might not be the most effective way for universities to stimulate entrepreneurial economic development.