On the economic impact of university proof of concept centers

Christopher Hayter, Albert N. Link

Research output: Contribution to journalArticle

15 Citations (Scopus)

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

Fingerprint

Economics
Managers
Innovation
Economic impact

Keywords

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

ASJC Scopus subject areas

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

Cite this

On the economic impact of university proof of concept centers. / Hayter, Christopher; Link, Albert N.

In: Journal of Technology Transfer, Vol. 40, No. 1, 20.01.2015, p. 178-183.

Research output: Contribution to journalArticle

@article{dc5f329352b54cdc989e49f51b5606dc,
title = "On the economic impact of university proof of concept centers",
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.",
keywords = "Entrepreneurship, Proof of concept center, Startups, Technology, University technology transfer",
author = "Christopher Hayter and Link, {Albert N.}",
year = "2015",
month = "1",
day = "20",
doi = "10.1007/s10961-014-9369-4",
language = "English (US)",
volume = "40",
pages = "178--183",
journal = "Journal of Technology Transfer",
issn = "0892-9912",
publisher = "Kluwer Academic Publishers",
number = "1",

}

TY - JOUR

T1 - On the economic impact of university proof of concept centers

AU - Hayter, Christopher

AU - Link, Albert N.

PY - 2015/1/20

Y1 - 2015/1/20

N2 - 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.

AB - 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.

KW - Entrepreneurship

KW - Proof of concept center

KW - Startups

KW - Technology

KW - University technology transfer

UR - http://www.scopus.com/inward/record.url?scp=84938069921&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84938069921&partnerID=8YFLogxK

U2 - 10.1007/s10961-014-9369-4

DO - 10.1007/s10961-014-9369-4

M3 - Article

AN - SCOPUS:84938069921

VL - 40

SP - 178

EP - 183

JO - Journal of Technology Transfer

JF - Journal of Technology Transfer

SN - 0892-9912

IS - 1

ER -