On the Economic Impact of University Proof of Concept Centers

Christopher S. Hayter () and Albert Link
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Christopher S. Hayter: Arizona State University

No 14-7, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: University proof of concept centers (PoCCs) are an organizational innovation intended to improve the dissemination and commercialization of new knowledge to industry. During the past 15 years, at least 32 university-affiliated PoCCs have been established at universities within the United States. Despite this recent growth, little systematic empirical research exists relating to the organization or impact of PoCCs. Analyzing data published by the Association of University Technology Managers, we find that universities affiliated with a PoCC enjoy a positive and statistically significant increase in the number of spinoffs established each year after adoption. While additional research is needed, our findings are consistent with the presumption that PoCCs may offer a promising new tool for regional and national economic development.

Keywords: proof of concept centers; innovation; economic development (search for similar items in EconPapers)
JEL-codes: O22 O31 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2014-08-19
New Economics Papers: this item is included in nep-cse, nep-ino and nep-knm
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Citations: View citations in EconPapers (1)

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Journal Article: On the economic impact of university proof of concept centers (2015)
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