New technology innovations – and the startup companies formed to commercialize them – increasingly have their beginnings in university research labs.
And it's more likely that PhD students, not faculty, form the initial idea for a new technology. While in later stages these ventures resemble typical technology startups, they experience a different early development process, decision points and potential conflicts that can make or break an innovation's chances of making it to market.
"From Lab Bench to Innovation: Critical Challenges to Nascent Academic Entrepreneurs," a new study released today by the Kauffman Foundation, examines the particular experience of nascent academic entrepreneurs (NAEs) and the implications of this experience for universities and policymakers. The study is among the few to focus specifically on this important group of entrepreneurs at the individual, rather than institutional, level.
To read the full, original article click on this link: Student and Faculty Entrepreneurs Face Unique Challenges, Conflicts in Taking Innovations from University Lab to Market
