Introduction
University and corporate spinouts may be considered microcosms of intellectual property (IP) management, IP creation, innovation, and partnering. Starting and growing them is not about growing just a company but also a community and, like any partnering effort, is dependent on aligning interests of stakeholders.
Boston, Austin, and San Francisco are examples of “fertile soil” for new company creation. The comprehensive environment in these regions is the exception, not the rule. The impacts of new company creation on the economy in these regions are significant, and outside of these regions, in “not-so-fertile” areas, efforts in Boston, Austin, and San Francisco serve as a model for others.
As a result of the strong research funding base in the region, the U.S. Midwest is flush with excellent science and seeds (inventions).[1],[2] The seeds in this not-so-fertile Midwest are regularly commercialized in fertile soil regions like San Francisco through new ventures and existing ventures.[3] So, assuming it is desirable to do so, what does it take to grow them closer to where they originate?
[1] ARCH Development Partners Offering Memorandum, 2003.
[2] Association of University Technology Managers (AUTM) Annual Report, 2004.
There are several notable works on community connectivity and innovation-based prosperity creation that illustrate key elements with charts for plotting the next regional economic development campaign.[4],[5],[6] This is not one of those ...
Get Innovate or Perish: Managing the Enduring Technology Company in the Global Market now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
