SlideShare una empresa de Scribd logo
1 de 24
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],March 19, 2009 © Steven P. Nichols 2009
Chair of Free Enterprise ,[object Object],March 19, 2009 © Steven P. Nichols 2009
Entrepreneurial Infrastructure March 19, 2009 © Steven P. Nichols 2009
March 19, 2009 © Steven P. Nichols 2009
March 19, 2009 © Steven P. Nichols 2009
March 19, 2009 © Steven P. Nichols 2009
March 19, 2009 © Steven P. Nichols 2009
Does Technology Have Inherent Application? ,[object Object],[object Object],[object Object],March 19, 2009 © Steven P. Nichols 2009
Does Technology Have Inherent Application? ,[object Object],[object Object],[object Object],[object Object],March 19, 2009 © Steven P. Nichols 2009
Missions of University ,[object Object],[object Object],[object Object],[object Object],March 19, 2009 © Steven P. Nichols 2009
Knowledge Transfer Process March 19, 2009 © Steven P. Nichols 2009 Knowledge Generation Transfer Functions Social & Economic Value Added
March 19, 2009 © Steven P. Nichols 2009 University (Knowledge  Generation) Funding Sources Graduates Faculty Consulting Faculty / Staff Departures Publications Non-traditional Transfer Functions Social Value Added Economic Value Added Natural Non-traditional Mechanisms:
Examples of Economic Value Added from University of Texas (Based on fundamental research) ,[object Object],[object Object],[object Object],March 19, 2009 © Steven P. Nichols 2009
Examples of Economic Value Added from University of Texas (Based on fundamental research) ,[object Object],[object Object],[object Object],March 19, 2009 © Steven P. Nichols 2009
An example of job and value creation from UT Austin ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],March 19, 2009 © Steven P. Nichols 2009
An example of job and value creation from UT Austin (but not in Texas) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],March 19, 2009 © Steven P. Nichols 2009
March 19, 2009 © Steven P. Nichols 2009 Knowledge Generation Natural  Transfer Functions Non-traditional Transfer Functions Social & Economic Value Added
Identification of the  Innovation Gap in Engineering Education March 19, 2009 © Steven P. Nichols 2009 The Commercialization Process and Innovation Gap  Sustaining Operations Production & Marketing Commercial Demonstration Specific Product Creation Tech./Mkt. Opportunity Creation Knowledge Creation FEEDBACK Business Plans & Incubators INNOVATION (Synthesis) Univ. Research INNOVATION GAP
Creation of the Idea to Product® Program March 19, 2009 © Steven P. Nichols 2009 Crossing the Innovation Gap: The I2P® Program Sustaining Operations Production & Marketing Commercial Demonstration Specific Product Creation Tech./Mkt. Opportunity Creation Knowledge Creation FEEDBACK Business Plans & Incubators INNOVATION (Synthesis) The Idea to Product® Program (curricular and extra-curricular) Univ. Research
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
UT Partners in the Texas Alliance for Technology Commercialization March 19, 2009 © Steven P. Nichols 2009 DEPARTMENT OF  BIOMEDICAL ENGINEERING Office of  Technology Commercialization Office of  Sponsored Projects The University of Texas at Austin Office of the V. P. for Research Center for Nano- and Molecular  Science & Technology Herb Kelleher  Center for Entrepreneurship McCombs School of Business The College of Natural Sciences
Partially Funded by  NSF Grant #0650249 Partnership for Innovation Program March 19, 2009 © Steven P. Nichols 2009
March 19, 2009 © Steven P. Nichols 2009 Knowledge Generation Natural  Transfer Functions Non-traditional Transfer Functions Social & Economic Value Added
March 19, 2009 © Steven P. Nichols 2009

Más contenido relacionado

Destacado

Visual Dictionary- Lighttransmitting
Visual Dictionary- LighttransmittingVisual Dictionary- Lighttransmitting
Visual Dictionary- Lighttransmitting
lighttarnsmitting
 
Star Chart Presentation
Star Chart PresentationStar Chart Presentation
Star Chart Presentation
tbilleaud
 
Personality and types of personalities
Personality and types of personalitiesPersonality and types of personalities
Personality and types of personalities
Deepali Patrikar
 
Relationship Astrology
Relationship AstrologyRelationship Astrology
Relationship Astrology
Golden Team
 
Centurion Marketing Overview
Centurion Marketing OverviewCenturion Marketing Overview
Centurion Marketing Overview
markoverbye
 
31ºWEST - Struitenweg
31ºWEST - Struitenweg31ºWEST - Struitenweg
31ºWEST - Struitenweg
31WEST
 

Destacado (20)

дропшипинг оферта
дропшипинг офертадропшипинг оферта
дропшипинг оферта
 
Drugs
DrugsDrugs
Drugs
 
Maximizing Your Public Relations Efforts I
Maximizing Your Public Relations Efforts IMaximizing Your Public Relations Efforts I
Maximizing Your Public Relations Efforts I
 
11
1111
11
 
Tools of encouraging and promoting educational research
Tools of encouraging and promoting educational researchTools of encouraging and promoting educational research
Tools of encouraging and promoting educational research
 
Visual Dictionary- Lighttransmitting
Visual Dictionary- LighttransmittingVisual Dictionary- Lighttransmitting
Visual Dictionary- Lighttransmitting
 
Star Chart Presentation
Star Chart PresentationStar Chart Presentation
Star Chart Presentation
 
Personality and types of personalities
Personality and types of personalitiesPersonality and types of personalities
Personality and types of personalities
 
2-21-10 Youth Announcements
2-21-10 Youth  Announcements2-21-10 Youth  Announcements
2-21-10 Youth Announcements
 
Achtergrondinformatie Media Persbericht
Achtergrondinformatie Media PersberichtAchtergrondinformatie Media Persbericht
Achtergrondinformatie Media Persbericht
 
Relationship Astrology
Relationship AstrologyRelationship Astrology
Relationship Astrology
 
3 New Facebook Promotional Engagement Models
3 New Facebook Promotional Engagement Models3 New Facebook Promotional Engagement Models
3 New Facebook Promotional Engagement Models
 
Grand Lake OK 2005 2011 full year real estate market analysis
Grand Lake OK 2005   2011 full year real estate market analysisGrand Lake OK 2005   2011 full year real estate market analysis
Grand Lake OK 2005 2011 full year real estate market analysis
 
What i did_at_summer_camp_
What i did_at_summer_camp_What i did_at_summer_camp_
What i did_at_summer_camp_
 
Media Studies
Media StudiesMedia Studies
Media Studies
 
Centurion Marketing Overview
Centurion Marketing OverviewCenturion Marketing Overview
Centurion Marketing Overview
 
31ºWEST - Struitenweg
31ºWEST - Struitenweg31ºWEST - Struitenweg
31ºWEST - Struitenweg
 
The Socializers - A Thousand True Fans - IMH Communications 2011 Cyprus
The Socializers - A Thousand True Fans - IMH Communications 2011 CyprusThe Socializers - A Thousand True Fans - IMH Communications 2011 Cyprus
The Socializers - A Thousand True Fans - IMH Communications 2011 Cyprus
 
From Wall Street to Love Street workshop at Istanbul
From Wall Street to Love Street workshop at IstanbulFrom Wall Street to Love Street workshop at Istanbul
From Wall Street to Love Street workshop at Istanbul
 
VuFind and its use at ULB
VuFind and its use at ULBVuFind and its use at ULB
VuFind and its use at ULB
 

Similar a University of Texas, Austin

Keynote nick petford, pvc bu - how should universities drive innovation in ...
Keynote   nick petford, pvc bu - how should universities drive innovation in ...Keynote   nick petford, pvc bu - how should universities drive innovation in ...
Keynote nick petford, pvc bu - how should universities drive innovation in ...
Richard Male
 
Iniciativa Internacional Cambridge-CONACYT
Iniciativa Internacional Cambridge-CONACYTIniciativa Internacional Cambridge-CONACYT
Iniciativa Internacional Cambridge-CONACYT
Mexico Innova
 
Bill Wicksteed
Bill WicksteedBill Wicksteed
Bill Wicksteed
gratsaniti
 
Asee Edi Donofrio 3 23 09
Asee   Edi   Donofrio 3 23 09Asee   Edi   Donofrio 3 23 09
Asee Edi Donofrio 3 23 09
the nciia
 
Ndia update february_2013
Ndia update february_2013Ndia update february_2013
Ndia update february_2013
Dmitry Tseitlin
 

Similar a University of Texas, Austin (20)

Dr. Henshall slides TiE July 14 event
Dr. Henshall slides TiE July 14 eventDr. Henshall slides TiE July 14 event
Dr. Henshall slides TiE July 14 event
 
Keynote nick petford, pvc bu - how should universities drive innovation in ...
Keynote   nick petford, pvc bu - how should universities drive innovation in ...Keynote   nick petford, pvc bu - how should universities drive innovation in ...
Keynote nick petford, pvc bu - how should universities drive innovation in ...
 
Mobile Sunday 2017 Barcelona
Mobile Sunday 2017 BarcelonaMobile Sunday 2017 Barcelona
Mobile Sunday 2017 Barcelona
 
Building a University Innovation Ecosystem to Spark Regional Reviatlization
Building a University Innovation Ecosystem to Spark Regional ReviatlizationBuilding a University Innovation Ecosystem to Spark Regional Reviatlization
Building a University Innovation Ecosystem to Spark Regional Reviatlization
 
Jean Jacques Degroof
Jean Jacques Degroof Jean Jacques Degroof
Jean Jacques Degroof
 
Keynote dr deog-seong_oh
Keynote dr deog-seong_ohKeynote dr deog-seong_oh
Keynote dr deog-seong_oh
 
Golden age for technology and innovation vfinal acg
Golden age for technology and innovation vfinal acgGolden age for technology and innovation vfinal acg
Golden age for technology and innovation vfinal acg
 
Iniciativa Internacional Cambridge-CONACYT
Iniciativa Internacional Cambridge-CONACYTIniciativa Internacional Cambridge-CONACYT
Iniciativa Internacional Cambridge-CONACYT
 
OCE and other PDF Resources
OCE and other PDF ResourcesOCE and other PDF Resources
OCE and other PDF Resources
 
Accelerated Startup for Cambridge Judge Business School
Accelerated Startup for Cambridge Judge Business School Accelerated Startup for Cambridge Judge Business School
Accelerated Startup for Cambridge Judge Business School
 
Totti Könnölä-La empresa y las políticas de innovación transformadoras
Totti Könnölä-La empresa y las políticas de innovación transformadorasTotti Könnölä-La empresa y las políticas de innovación transformadoras
Totti Könnölä-La empresa y las políticas de innovación transformadoras
 
Bill Wicksteed
Bill WicksteedBill Wicksteed
Bill Wicksteed
 
World innovation - Knowledge Competitiveness Index
World innovation - Knowledge Competitiveness IndexWorld innovation - Knowledge Competitiveness Index
World innovation - Knowledge Competitiveness Index
 
Ron Spangler, Senior Industrial Liaison Officer
Ron Spangler, Senior Industrial Liaison OfficerRon Spangler, Senior Industrial Liaison Officer
Ron Spangler, Senior Industrial Liaison Officer
 
TOMA - La valutazione dei sistemi di ricerca in un’ottica di scambio aperto e...
TOMA - La valutazione dei sistemi di ricerca in un’ottica di scambio aperto e...TOMA - La valutazione dei sistemi di ricerca in un’ottica di scambio aperto e...
TOMA - La valutazione dei sistemi di ricerca in un’ottica di scambio aperto e...
 
Asee Edi Donofrio 3 23 09
Asee   Edi   Donofrio 3 23 09Asee   Edi   Donofrio 3 23 09
Asee Edi Donofrio 3 23 09
 
File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009
 
File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009
 
Prague lecture
Prague lecturePrague lecture
Prague lecture
 
Ndia update february_2013
Ndia update february_2013Ndia update february_2013
Ndia update february_2013
 

Más de Center for Entrepreneurship & Technology, University of California, Berkeley

Más de Center for Entrepreneurship & Technology, University of California, Berkeley (12)

University Of California Berkeley Tenderich
University Of California Berkeley TenderichUniversity Of California Berkeley Tenderich
University Of California Berkeley Tenderich
 
University Of Michigan
University Of MichiganUniversity Of Michigan
University Of Michigan
 
University College London (Simons)
University  College  London (Simons)University  College  London (Simons)
University College London (Simons)
 
SRM University
SRM University SRM University
SRM University
 
G V L Berkeley University College London Schooling
G V L  Berkeley  University  College  London  SchoolingG V L  Berkeley  University  College  London  Schooling
G V L Berkeley University College London Schooling
 
Gvl Berkeley University Of Melbourne Nirmalathas
Gvl Berkeley University Of Melbourne NirmalathasGvl Berkeley University Of Melbourne Nirmalathas
Gvl Berkeley University Of Melbourne Nirmalathas
 
G V L Berkeley Johns Hopkins University Fini
G V L  Berkeley  Johns  Hopkins  University  FiniG V L  Berkeley  Johns  Hopkins  University  Fini
G V L Berkeley Johns Hopkins University Fini
 
University Of Jyvaskyla Seppa
University Of  Jyvaskyla  SeppaUniversity Of  Jyvaskyla  Seppa
University Of Jyvaskyla Seppa
 
Gvl Berkeley Eth Hacklin
Gvl Berkeley Eth HacklinGvl Berkeley Eth Hacklin
Gvl Berkeley Eth Hacklin
 
Gvl Berkeley Bristol University Canagarajah
Gvl Berkeley Bristol University CanagarajahGvl Berkeley Bristol University Canagarajah
Gvl Berkeley Bristol University Canagarajah
 
Gvl Berkeley Cambridge University Minshall
Gvl Berkeley Cambridge University MinshallGvl Berkeley Cambridge University Minshall
Gvl Berkeley Cambridge University Minshall
 
Gvl Berkeley 2009 Stanford Byers
Gvl Berkeley 2009 Stanford ByersGvl Berkeley 2009 Stanford Byers
Gvl Berkeley 2009 Stanford Byers
 

Último

Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Victor Rentea
 
Finding Java's Hidden Performance Traps @ DevoxxUK 2024
Finding Java's Hidden Performance Traps @ DevoxxUK 2024Finding Java's Hidden Performance Traps @ DevoxxUK 2024
Finding Java's Hidden Performance Traps @ DevoxxUK 2024
Victor Rentea
 
Architecting Cloud Native Applications
Architecting Cloud Native ApplicationsArchitecting Cloud Native Applications
Architecting Cloud Native Applications
WSO2
 

Último (20)

Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
 
Boost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfBoost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdf
 
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
 
Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...
Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...
Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...
 
Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024
 
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data DiscoveryTrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
 
Cyberprint. Dark Pink Apt Group [EN].pdf
Cyberprint. Dark Pink Apt Group [EN].pdfCyberprint. Dark Pink Apt Group [EN].pdf
Cyberprint. Dark Pink Apt Group [EN].pdf
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challenges
 
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin WoodPolkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
 
Finding Java's Hidden Performance Traps @ DevoxxUK 2024
Finding Java's Hidden Performance Traps @ DevoxxUK 2024Finding Java's Hidden Performance Traps @ DevoxxUK 2024
Finding Java's Hidden Performance Traps @ DevoxxUK 2024
 
Architecting Cloud Native Applications
Architecting Cloud Native ApplicationsArchitecting Cloud Native Applications
Architecting Cloud Native Applications
 
Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...
Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...
Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...
 
MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024MINDCTI Revenue Release Quarter One 2024
MINDCTI Revenue Release Quarter One 2024
 
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
 
Corporate and higher education May webinar.pptx
Corporate and higher education May webinar.pptxCorporate and higher education May webinar.pptx
Corporate and higher education May webinar.pptx
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century education
 
Spring Boot vs Quarkus the ultimate battle - DevoxxUK
Spring Boot vs Quarkus the ultimate battle - DevoxxUKSpring Boot vs Quarkus the ultimate battle - DevoxxUK
Spring Boot vs Quarkus the ultimate battle - DevoxxUK
 
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
 
Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...
 

University of Texas, Austin

  • 1.
  • 2.
  • 3. Entrepreneurial Infrastructure March 19, 2009 © Steven P. Nichols 2009
  • 4. March 19, 2009 © Steven P. Nichols 2009
  • 5. March 19, 2009 © Steven P. Nichols 2009
  • 6. March 19, 2009 © Steven P. Nichols 2009
  • 7. March 19, 2009 © Steven P. Nichols 2009
  • 8.
  • 9.
  • 10.
  • 11. Knowledge Transfer Process March 19, 2009 © Steven P. Nichols 2009 Knowledge Generation Transfer Functions Social & Economic Value Added
  • 12. March 19, 2009 © Steven P. Nichols 2009 University (Knowledge Generation) Funding Sources Graduates Faculty Consulting Faculty / Staff Departures Publications Non-traditional Transfer Functions Social Value Added Economic Value Added Natural Non-traditional Mechanisms:
  • 13.
  • 14.
  • 15.
  • 16.
  • 17. March 19, 2009 © Steven P. Nichols 2009 Knowledge Generation Natural Transfer Functions Non-traditional Transfer Functions Social & Economic Value Added
  • 18. Identification of the Innovation Gap in Engineering Education March 19, 2009 © Steven P. Nichols 2009 The Commercialization Process and Innovation Gap Sustaining Operations Production & Marketing Commercial Demonstration Specific Product Creation Tech./Mkt. Opportunity Creation Knowledge Creation FEEDBACK Business Plans & Incubators INNOVATION (Synthesis) Univ. Research INNOVATION GAP
  • 19. Creation of the Idea to Product® Program March 19, 2009 © Steven P. Nichols 2009 Crossing the Innovation Gap: The I2P® Program Sustaining Operations Production & Marketing Commercial Demonstration Specific Product Creation Tech./Mkt. Opportunity Creation Knowledge Creation FEEDBACK Business Plans & Incubators INNOVATION (Synthesis) The Idea to Product® Program (curricular and extra-curricular) Univ. Research
  • 20.
  • 21. UT Partners in the Texas Alliance for Technology Commercialization March 19, 2009 © Steven P. Nichols 2009 DEPARTMENT OF BIOMEDICAL ENGINEERING Office of Technology Commercialization Office of Sponsored Projects The University of Texas at Austin Office of the V. P. for Research Center for Nano- and Molecular Science & Technology Herb Kelleher Center for Entrepreneurship McCombs School of Business The College of Natural Sciences
  • 22. Partially Funded by NSF Grant #0650249 Partnership for Innovation Program March 19, 2009 © Steven P. Nichols 2009
  • 23. March 19, 2009 © Steven P. Nichols 2009 Knowledge Generation Natural Transfer Functions Non-traditional Transfer Functions Social & Economic Value Added
  • 24. March 19, 2009 © Steven P. Nichols 2009

Notas del editor

  1. etc
  2. Step 1: Idea Stage: Commercialization starts here An imagination of a breakthrough idea links a technology with a market need, At this stage, prospects for a technical breakthrough get combined with a potentially attractive market opportunity. Most ideas are also killed at this stage. Why do you think so many ideas are killed here? Competition begins here -- competition of ideas for resources. The attrition of ideas is due to subjective idea judgement. Investment at this stage usually low: Example: Small Business Innovation Research (SBIR) grants: $50,000 in a small- company idea or technology -- “Phase I” grant Phase II-- requires significant advancement of the technology, a prototype for example, with a larger investment, up to $500,000 Quicklook technology assessment useful at this stage. Limited information constrains the analysis Useful to determine whether to proceed and invest more Idea stage is most closely associated with basic research Next stage, Imagine, most closely associated with applied research But research can occur at every stage in the commercialization process. Often each stage requires a different type of research. What are special challenges at this stage? There are many ideas competing for resources. The determination of whether an idea is worth pursuing is a very subjective action.
  3. Step 1: Idea Stage: Commercialization starts here An imagination of a breakthrough idea links a technology with a market need, At this stage, prospects for a technical breakthrough get combined with a potentially attractive market opportunity. Most ideas are also killed at this stage. Why do you think so many ideas are killed here? Competition begins here -- competition of ideas for resources. The attrition of ideas is due to subjective idea judgement. Investment at this stage usually low: Example: Small Business Innovation Research (SBIR) grants: $50,000 in a small- company idea or technology -- “Phase I” grant Phase II-- requires significant advancement of the technology, a prototype for example, with a larger investment, up to $500,000 Quicklook technology assessment useful at this stage. Limited information constrains the analysis Useful to determine whether to proceed and invest more Idea stage is most closely associated with basic research Next stage, Imagine, most closely associated with applied research But research can occur at every stage in the commercialization process. Often each stage requires a different type of research. What are special challenges at this stage? There are many ideas competing for resources. The determination of whether an idea is worth pursuing is a very subjective action.
  4. LCG starts