On the economic impact of university proof of concept centers

Christopher Hayter, Albert N. Link

    Research output: Contribution to journalArticlepeer-review

    30 Scopus citations

    Abstract

    University proof of concept centers (PoCCs) are an organizational innovation intended to improve the dissemination and commercialization of new knowledge. During the past 15 years, at least 32 university-affiliated PoCCs have been established at universities within the United States. Despite this recent growth, little systematic empirical research exists relating to the organization or impact of PoCCs. Analyzing data published by the Association of University Technology Managers, we find that universities affiliated with a PoCC enjoy a positive and statistically significant increase in the number of spinoffs established each year after adoption. While additional research is needed, our findings are consistent with the presumption that PoCCs may offer a promising new tool for regional and national economic development.

    Original languageEnglish (US)
    Pages (from-to)178-183
    Number of pages6
    JournalJournal of Technology Transfer
    Volume40
    Issue number1
    DOIs
    StatePublished - Jan 20 2015

    Keywords

    • Entrepreneurship
    • Proof of concept center
    • Startups
    • Technology
    • University technology transfer

    ASJC Scopus subject areas

    • Business and International Management
    • Accounting
    • Engineering(all)

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