Successful business incubation at universities is about much more than a capable technology transfer office (TTO) and strong commercialization policies. New businesses are born at universities because faculty and students have the freedom to develop innovative ideas and pursue new lines of inquiry. To emerge from the university successfully, these pioneering ideas must be accompanied by prototype development, market research, commercialization strategy, and effective fundraising. It’s the larger university ecosystem, not just the TTO, that fosters the collaboration and novel thinking that allows new businesses to thrive.
The pathway from idea generation to successful commercialization is far from uniform. The need for the broader university environment and an expansive range of programs and practices for facilitating spinoff development cannot be underestimated.
To read the full, original article click on this link: Beyond the Technology Transfer Office | University Business Magazine
