Category Archives: Economic Development

Tracking Tech Transfer’s Indirect Metrics

As Laura Schoppe noted in her post about the key direct metrics for technology transfer offices (TTOs), there are important indirect metrics to track as well. These are factors that the TTO can influence, but others have more control over the ultimate outcome. Some feed into the early stages of the tech transfer pipeline in terms of the quantity and quality of invention disclosures. These indirect metrics also relate to economic development, which seems to be growing in importance every year. So, today’s post outlines the indirect metrics that are appropriate for various TTOs. Continue reading

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Busting the Startup Myth: Implications for Tech Transfer

Hand with marker writing the word Facts MythsAn interesting article in Harvard Business Review caught my attention… mostly because its message sounded very familiar. In the article, entrepreneurship ecosystems pioneer Daniel Isenberg asks an important question: Do Startups Really Create Lots of Good Jobs? He suggests that the startups-create-jobs idea has experienced “the truth effect,” gaining legitimacy and becoming accepted as fact when the reality is far different: Continue reading

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Shark Tank and Beyond: Helping Researchers Pitch to Investors, Licensees, and Partners

Shark_iStock_000054215058Today you get a sneak peek at a webinar I’ll be moderating next Tuesday, July 21st to teach technology transfer offices (TTOs) how to coach researchers on speaking with potential collaborators, funders, licensees, and others. These skills also apply when the innovator is launching a startup and talking to venture capitalists (VCs)… even those featured on Shark Tank. Called “Best Practices for Coaching Researchers on Pitching to Investors, Licensees, and Partners,” this Technology Transfer Tactics webinar will focus on… Continue reading

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Open Innovation in Developing Economies: A Video Blog

Schoppe-UNH-Interview-ScreenShotLast month I had the opportunity to serve on a panel discussing the implementation of open innovation models in developing countries at the Franklin Pierce IP Center based in the law school at the University of New Hampshire. Titled “IP and Open Innovation: Challenges in Global Development,” this conference brought together a wide range of professionals, professors, and researchers with expertise in open innovation. (Thanks to Stan Kowalski for inviting me!) For my presentation, I discussed how developing economies would be well served by approaching their R&D and IP management through what we at Fuentek call Symbiotic Innovation. As I’ve blogged before, Symbiotic Innovation involves working both sides of the R&D and commercialization equation at the same time…. Continue reading

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Lean Startup Principles Apply to Tech Transfer: A Dispatch from Poland

As I find myself back in Poland to deliver another round of training courses on entrepreneurship to university researchers, I’m reminded of Steve Blank’s fireside chat at the AUTM® national meeting in New Orleans last month. Specifically, I’m thinking about how the feedback loop that plays a major role in the Lean Startup methodology also has a role to play long before a startup is even a gleam in an entrepreneurial researcher’s eye. What’s the Lean Startup feedback loop? Well, according to Eric Ries: “The fundamental activity of a startup is to turn ideas into products, measure how customers respond, and then learn whether to pivot or persevere. All successful startup processes should be geared to accelerate that feedback loop.” Continue reading

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Innovation-to-Jobs Working Group Recommendations Released

McCrory_2015-01-16Since last summer, I’ve had the privilege to serve on North Carolina Governor Pat McCrory’s Innovation-to-Jobs (I2J) Working Group, whose recommendations were released by the governor 2 weeks ago. I share this with you today because (a) I’m proud of the hard work the group did and (b) our process and approach to developing an implementation plan might serve as a model for others seeking to extract more value from their state’s university R&D. The goal of the Innovation-to-Jobs Working Group was:… Continue reading

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Change the IRS’s “Private Use in Bonded Facilities” Regulation

IRS_iStock_000017797441SmallI wish to offer an answer to the RFI’s third Overarching Question: What specific actions can the Federal Government take to build and sustain U.S. strengths including its entrepreneurial culture, flexible labor markets, world-class research universities, strong regional innovation ecosystems, and large share of global venture capital investment? My answer: Change Section 6.02 of Revenue Procedure 2007-47 (from IRB 2007-29 issued on July 16, 2007) regarding corporate-sponsored research so as to better ensure that such innovative R&D occurs in U.S. universities rather than overseas. This change can serve as a no-cost solution that can have a positive impact on local/regional economies without creating a financial burden on the federal government or on U.S. taxpayers. Continue reading

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3 Metrics to Improve the Economy Your Tech Transfer Office Should Be Tracking

Welcome to the latest post in our “Metrics Monday” series. Today, I’m going to talk about some important metrics that most TTOs don’t track… but should. Why these metrics? Because these three metrics indicate whether your TTO is on the right path to achieving higher targets for your university’s government funding and industry sponsored research agreements (SRAs). And these targets will have a much bigger impact on the local economy than most startups will because they lead to hiring more staff that are high-salary jobs. Continue reading

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The Problem with Startup Metrics: Kicking Off the “Metrics Monday” Blog Series

iStock_000024202877SmallSeveral months ago, a read an article called “Are Universities Creating Too Many Biotech Startups?” At the time I thought: The question is not how many startups should a university do, but why are they doing them? Since then, I’ve seen more and more stories in the industry news about universities focusing heavily on startups, particularly within the context of job creation and helping the local economy. Not surprisingly, some of these efforts are emerging from state government and/or economic development agencies. I myself have been invited to participate on several panels and task forces related to this topic. Their recurring mantra has been: “We want to increase startups and licensing revenue.” My response always is:… Continue reading

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Worth Reading: University-Industry Collaborations, a Social Media Success, the Shutdown, and In Memoriam

Online reading of technology transfer newsIf you’re looking for something worthwhile to read in between doorbell rings from trick-or-treaters tonight, check out these items. Oh, and let us know if any of your visitors are wearing STEM-related costumes! Continue reading

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