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| Author: | McAdam, R. McAdam, M. Brown, V. |
| Title: | Proof of concept processes in UK university technology transfer: an absorptive capacity perspective |
| Journal: | R & D Management
2009 : MAR, VOL. 39:2, p. 192-210 |
| Index terms: | United Kingdom Northern Ireland universities R&D research technological innovation technology transfer licensing contracts risk |
| Freeterms: | commercialization |
| Language: | eng |
| Abstract: | Within the university domain, successful research commercialisation is predicated on basic research being developed into technology attracting funding, ultimately resulting in entities such as university spin-out companies or licensing arrangements. This development process includes notable risk and uncertainty, possibly requiring substantial resources to fund early stage operations with uncertain returns. Thus, there is a need to explore risk-minimisation approaches. This paper focuses on the development of the Northern Ireland Proof of Concept (PoC) process within a University Science Park Incubator (USI) as a particular approach to dealing with these challenges inherent in the United Kingdom University technology transfer. This paper aims is to explore the PoC process within a USI as a means for improving the commercialization of university technology transfer using an Absorptive Capacity perspective. A multiple case analysis of PoC applications within a U.K. university is described. Among others, it is found that Absorptive Capacity influencing factors, e.g. levels of R&D investment, prior knowledge base and integration of stakeholder and technology planning all impact on PoC outcomes. |
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