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University innovation centres and academic venture formation 1
Author(s) -
McMullan W.,
Melnyk Ken
Publication year - 1988
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/j.1467-9310.1988.tb00558.x
Subject(s) - champion , technology transfer , product innovation , product (mathematics) , business , new product development , open innovation , management , marketing , political science , economics , geometry , mathematics , international trade , law
Successful innovation requires both products and product champions. Evidence suggests that academic projects are usually not products and few academics are able or willing to champion adequately their projects. Thus the role of university technology transfer officers and of university innovation centres is to find efficient ways of transforming research projects into potentially profitable products and also to obtain credible commitments from capable champions.