University managed technology-based business incubators (UMTIs) have become increasingly popular. Some universities are forming private corporations and are encouraging professors/researchers to commercialize intellectual property (IP) based upon research conducted in their laboratories. The UMTI provides the infrastructure, access to high-tech laboratories, libraries, students and faculty, and a coalition of like-minded entrepreneurs. Universities face uncertainties when establishing UMTIs and need to minimize risk while maximizing benefits. This paper discusses results of a benchmarking study of eleven technology incubators and their risk mitigation policies. Experience with technology transfer and use of the UMTI as a living laboratory for students is presented.
Clark, W. Andrew; Czuchry, Andrew J.; and Hales, James A.. 2004. University Managed Technology Business Incubators: Asset or Liability?. Proceedings 18th Annual USASBE National Conference, Dallas, TX. https://drive.google.com/file/d/0B9pflhVOKMWBc2dCVmV0SW54QTg/view?usp=sharing
Entrepreneurial and Small Business Operations Commons, Scholarship of Teaching and Learning Commons
Papers published in USASBE Proceedings are not copyrighted. Authors are free to publish the same material in any form in any venue. This document was originally published by the United States Association for Small Business and Entrepreneurship.