On the economic impact of university proof of concept centers
- 773 Downloads
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.
KeywordsProof of concept center University technology transfer Entrepreneurship Startups Technology
JEL ClassificationO31 O33 L26 M13
We thank Lydia Hassell at the University of North Carolina at Greensboro for her able assistance in constructing the database analyzed in this paper.
- Bok, D. (2003). Universities in the marketplace: The commercialization of higher education. Princeton: Princeton University Press.Google Scholar
- Slaughter, S., & Rhoades, G. (2004). Academic capitalism in the new economy: Challenges and choices. American Academic, 1, 37–59.Google Scholar
- Sparks, Erin (2013). “Top Trends in State Economic Development,” National Governor’s Association Policy Paper, August.Google Scholar