On the economic impact of university proof of concept centers

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 re...

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Bibliographic Details
Published in:The Journal of technology transfer 2015-02, Vol.40 (1), p.178-183
Main Authors: Hayter, Christopher S., Link, Albert N.
Format: Article
Language:English
Subjects:
Business and Management
Clean technology
Colleges & universities
Commercial Law
Commercialization
Economic development
Economic Growth
Economic impact
Empirical analysis
Entrepreneurship
Funding
Industrial Organization
Innovation/Technology Management
Management
Organizations
Proving
Regional
Small business
Startups
Studies
Technology transfer
University research
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Summary: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.
ISSN:0892-9912
0892-9912
1573-7047
DOI:10.1007/s10961-014-9369-4