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The Journal of Technology Transfer

, Volume 40, Issue 1, pp 178–183 | Cite as

On the economic impact of university proof of concept centers

  • Christopher S. HayterEmail author
  • Albert N. Link
Article

Abstract

University proof of concept centers (PoCCs) are an organizational innovation intended to improve the dissemination and commercialization of new knowledge. 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 center University technology transfer Entrepreneurship Startups Technology 

JEL Classification

O31 O33 L26 M13 

Notes

Acknowledgements

We thank Lydia Hassell at the University of North Carolina at Greensboro for her able assistance in constructing the database analyzed in this paper.

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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  1. 1.Center for Organization Research and Design, School of Public AffairsArizona State UniversityPhoenixUSA
  2. 2.Department of EconomicsUniversity of North Carolina at GreensboroGreensboroUSA

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