Research From Kauffman Foundation and Max Planck Institute of Economics Shows Effectiveness of “Proof of Concept Centers” for Innovation Process

Recent research from the Ewing Marion Kauffman Foundation and the Max Planck Institute of Economics show that proof of concept centers serve as effective hubs for technology commercialization for universities and in providing early funding for start-up companies.
Recent research from the Ewing Marion Kauffman Foundation and the Max Planck Institute of Economics show that proof of concept centers serve as effective hubs for technology commercialization for universities and in providing early funding for start-up companies. The report noted that, “a successful proof of concept center benefits from locating at universities that produce innovative and marketable technology, are located within a strong external network of investors and innovators and have an administrative team and advisors with a depth of commercialization expertise. A unified approach of providing seed funding, advisory services with industry connections and educational initiatives also is vital to ensure the commercialization of university technology.” The concept study has led the Kauffman Foundation to create a network that will bring these types of centers together to study best practices, establish metrics, and identify future research areas. A copy of the paper can be downloaded at www.kauffman.org/poc.

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