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