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University Managed Technology Business Incubators: Asset Or Liability?, W. Andrew Clark, Andrew J. Czuchry, James A. Hales
University Managed Technology Business Incubators: Asset Or Liability?, W. Andrew Clark, Andrew J. Czuchry, James A. Hales
ETSU Faculty Works
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.