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Week of June 19 - 25, 2006
Welcome
to the National Dialogue on Entrepreneurship, an initiative of the
Public Forum Institute made possible by a grant from the Kauffman Foundation of Kansas City. Through
NDE-news, we bring you
short summaries and analyses of various trends driving the innovation
economy.
Subscribe
now to receive your weekly copy. Archived issues are available
online. Links to the day's entrepreneurship stories from across the nation and around the world are posted each weekday
on the NDE main page
- bookmark it and stay informed about the latest entrepreneurship news.
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What Works in Tech Transfer?
An interesting new research paper from Rensselaer Polytechnic
Institute’s Phillip Phan and Donald Siegel assesses what works in
university technology transfer. The researchers base their findings on
an exhaustive review of existing research from both the US and the UK.
They note that while university technology commercialization is becoming
more common, few universities have achieved “success” in these
initiatives. The commercialization process is still too slow, too
bureaucratic, and too expensive. The authors recommend that university
administrators take a value chain approach to their technology
commercialization efforts. First, they must continue to invest in the
process’ major inputs—research. Then, they must clearly establish
priorities in terms of desired outcomes and in terms of areas of
research emphasis. Finally, they must create incentives for
commercialization. For example, they find that shifting royalty
distribution formulas in a manner that benefits researchers (as opposed
to the university administration) has a profound impact on generating
more invention disclosures and more technology commercialization
opportunities.
To access the April 2006 Rensselaer Working Paper in Economics (No.
0609), “The Effectiveness of University Technology Transfer: Lessons
Learned from Quantitative and Qualitative Research in the US and the
UK,” by Phillip H. Phan and Donald S. Siegel, visit
http://www.economics.rpi.edu/workingpapers/rpi0609.pdf.
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Innovation with a Southern Accent
The Southern
Growth Policies Board has just published an interesting new report,
Innovation with a Southern Accent, that examines the future of
innovation in 13 southern states and Puerto Rico. The report advocates
creation of a Southern Innovation System, a series of new initiatives
(tied to leading innovation sectors like nanotechnology, biotechnology,
and information technology) that will increase creation and accumulation
of knowledge in the South. It also advocates an important cultural
shift. The South is home to some of the world’s leading innovators and
innovation centers, yet, many residents still revel in traditional
stereotypes of the South as a sleepy backwater. To become a world-class
innovation center, the South must embrace a culture of innovation that
values and celebrates knowledgeable people, institutions, and
businesses.
The Southern Growth Policies Board’s 2006 Annual Report on the Future of
the South, Innovation with a Southern Accent, is available for
purchase at www.southern.org. The introduction can be downloaded at
http://www.southern.org/pubs/2006AnnualReport/InnovationIntro.pdf.
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Innovation with an Aussie Accent
The Australian government, under Prime Minister John Howard, is a big
advocate for promoting innovation. Each year, the government releases an
annual assessment of how Australia is performing in key areas of
science, technology and innovation. The latest report is out, and it
finds that things are getting better. In 2001, the government announced
a new program, “Backing Australia’s Ability,” that was designed to
increase research, improve technology commercialization, and enhance the
skills of Australia’s workforce. The report assesses how the various
programs have worked. Because of this focus, the discussion is heavily
tilted toward reviews of various government programs. If you are
interested in getting a complete picture of Australia’s various
innovation initiatives, this report is a good place to start.
Access The Australian Government’s Innovation Report, 2005-6: Real
Results, Real Jobs.
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Report on State Asset Building
Initiatives
If you want to
succeed in business, you need to have assets. That’s why various efforts
to promote asset building among lower income people (e.g. individual
development accounts) can and should be an important part of efforts to
support entrepreneurship. A new report from the New America Foundation
and the Center for Social Development reviews state policy options for
supporting asset development. The range of policy options is
immense---from 529 plans for college savings to homeownership support to
financial literacy training to programs that promote employee ownership.
The report notes that state governments are clearly living up to their
reputations as “laboratories of democracy.” The report provides short
descriptions and links to many of these interesting experiments.
To access the June 2006 New America Foundation/Center for Social
Development report, State Policy Options for Building Assets, by
Leslie Parrish, Heather McCulloch, Karen Edwards, and Gena Gunn, visit
http://www.assetbuilding.org/AssetBuilding/Download_Docs/Doc_File_1493_1.pdf
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Economic
Development Administration Award Winners
The US Economic Development
Administration has announced the winners of its annual EDA Excellence in
Economic Development Awards. The awards include a host of different
categories, including several of interest to followers of the innovation
economy. Award winners in those categories are:
To
learn more about EDA’s 2006 Excellence in Economic Development awards,
visit
http://www.eda.gov/NewsEvents/ExcellenceAwards.xml.
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The
Dynamism of Capitalism
Capitalism and Society,
a new peer-reviewed journal by the Berkeley Electronic Press and members
of the Center on Capitalism and Society, offers a forum for scholarly
debate on what determines a country's ability to generate and select
good commercial ideas and achieve economic success. Supported by a grant
from the Kauffman Foundation, the journal allows for a more in-depth and
interactive discussion than the typical academic journal. The first
issue includes articles such as, “Will Limited Needs Kill Capitalism?",
“How Novelty Aversion Affects Financing Options” and “Interaction
Effects in the Relationship between Growth and Finance.”
You can find a link to Capitalism and Society, along with copies
of the articles, on the
Kauffman Research Portal.
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All
stories © 2006 The Public Forum Institute
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