Seminar paper from the year 2016 in the subject Business economics - Miscellaneous, grade: 1,3, Technical University of Munich (TIM Lehrstuhl), course: Advanced Seminar Innovation & Entrepreneurship, language: English, abstract: Commercialization of research results within science became more important within the last decades. Especially universities are increasingly challenged to fulfill their third mission of commercialization. Technology transfer from science to industry is broadly based as it ranges from consultancy to the creation of spin-offs, which is the most visible form of technology transfer from science to industry. One opportunity to facilitate technology transfer in terms of spin-off creation is to establish technology transfer offices at research institutions to support scientists in creating spin-offs. Despite the fact, that research has made important contributions regarding the influence of scientist’s individual characteristics on spin-off creation, literature is still lacking regarding the influence of TTOs on scientist’s propensity to create a spin-off. In my work I am trying to provide first insights into the perception of TTOs by scientists and which aspects of consultancy offered by TTOs are of most importance for academic entrepreneurs during the creation of a spin-off.

As state support and federal research funding dwindle, universities are increasingly viewing their intellectual property portfolios as lucrative sources of potential revenue. Nearly all research universities now have a technology transfer office to manage their intellectual property, but many are struggling to navigate this new world of university-industry partnerships. Given the substantial investment in academic research and millions of dollars potentially at stake, identifying best practices in university technology transfer and academic entrepreneurship is of paramount importance. The Chicago Handbook of University Technology Transfer and Academic Entrepreneurship is the first definitive source to synthesize state-of-the-art research in this arena. Edited by three of the foremost experts in the field, the handbook presents evidence from entrepreneurs, administrators, regulators, and professors in numerous disciplines. Together they address the key managerial and policy implications through chapters on how to sustain successful research ventures, ways to stimulate academic entrepreneurship, maintain effective open innovation strategies, and improve the performance of university technology transfer offices. A broad and ambitious work, the handbook offers comprehensive coverage for universities of all types, allowing them to confidently handle technology commercialization and further cultivate innovation.

For the past number of years, academic entrepreneurship has become one of the most widely studied topics in the entrepreneurship literature. Yet, despite all the research that has been conducted to date, there has not been a systematic attempt to analyze critically the factors which lie behind successful business spin-offs from university research. In this book, a group of academic thought-leaders in the field of technology transfer examine a number of areas critical to the promotion of start-ups on campus. Through a series of case studies, they examine current policies, structures, program initiatives and practices of fourteen international universities to develop a theory of successful academic entrepreneurship, with the aim of helping other universities to enhance the quality of their university transfer programs. This book is a valuable resource for university research administrators, technology transfer office professionals, academic entrepreneurs, incubator management officials, R&D managers, venture capitalists, researchers, policymakers, and others involved in the commercialization of intellectual property.

Combining best practices, empirical studies and the authors’ own research on technology transfer offices (TTOs), technology transfer, ecosystems and scientists in the principal investigator role, this book presents a business model framework for TTOs. From a practitioner’s perspective the business model framework captures key elements of TTOs’ strategic and operational activities that are needed for effective management and leadership. Moreover, the frameworkaddresses central issues including strategy, organisational structure, staff and resources, activities, mechanisms, policy and procedures, and evaluation and outcomes, while also consideringcontextual factors that directly and indirectly affectTTOs, namely thecommercialisation culture and ethos,as well as researchers’ commitment, awareness and motivation. For each element of the framework, the book outlines the key success factors and facilitating factors that enable effective technology transfer.

Tackling a complex topic in clear language, the book reveals the impressive scale of patenting, licensing, and spin-out company creation while demonstrating that university technology transfer is a commercial activity with benefits that go well beyond the opportunity to make money.

The Effectiveness of University Technology Transfer reviews the numerous studies of the effectiveness of university technology transfer and presents recommendations on how to enhance effectiveness.

Universities have become essential players in the generation of knowledge and innovation. Through the commercialization of technology, they have developed the ability to influence regional economic growth. By examining different commercialization models this book analyses technology transfer at universities as part of a national and regional system. It provides insight as to why certain models work better than others, and reaffirms that technology transfer programs must be linked to their regional and commercial environments. Using a global perspective on technology commercialization, this book divides the discussion between developed and developing counties according to the level of university commercialization capability. Critical cases as well as country reports examine the policies and culture of university involvement in economic development, relationships between university and industry, and the commercialization of technology first developed at universities. In addition, each chapter provides examples from specific universities in each country from a regional, national, and international comparative perspective. This book includes articles by leading practitioners as well as researchers and will be highly relevant to all those with an interest in innovation studies, organizational studies, regional economics, higher education, public policy and business entrepreneurship.