Nurturing entrepreneurs: How do technology transfer professionals bridge the Valley of Death in Japan?

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From: Technovation(Vol. 109)
Publisher: Elsevier Science Publishers
Document Type: Report; Brief article
Length: 358 words

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Keywords Nurturing entrepreneur; Entrepreneurship; Technology commercialization; Technology transfer professional; Effectuation Highlights * High-performing TTPs have entrepreneurial behavioral patterns to exceed the VoD. * Such TTPs start with the means at hand and try to set temporary goals. * They also tend to use affordable resources and get stakeholders' involvement. * In this process, TTPs take control and iterate several trial-and-error processes. * Entrepreneurial universities must recognize TTPs' specific action as entrepreneurs. Abstract The study aims to clarify the behavioral patterns of technology transfer professionals (TTPs) required in university technology commercialization. In the past, TTPs simply transferred technology using functional skills and experience gained in specific science/business fields; however, now they are often required to be entrepreneurial in the process, as mentioned in the literature and manuals on the TTP's job. However, we know little about what type of behavioral patterns of entrepreneurship are required for TTPs. Through our explorative case studies of veteran TTPs in Japan, we found concrete behavioral patterns within the theoretical framework of effectuation. TTPs start with the means they can use, try to set temporary goals under high uncertainty, raise technological value using affordable resources, and get stakeholders' involvement. In performing these activities, they take control of emerging situations and iterate several trial-and-error processes to deal with contingencies to accomplish their technology transfer projects. We found that entrepreneurial universities require TTPs who possess not only functional skills but also an understanding of how TTPs act to bridge the Valley of Death. Author Affiliation: (a) Kyushu University, 744 Motooka, Nishi-ku, Fukuoka-shi, Fukuoka, 819-0395, Japan (b) Osaka University, 1-16 Machikaneyamacho, Toyonaka-shi, Osaka, 560-0043, Japan (c) Ritsmeikan University, 2-150 Iwakura-cho, Ibaraki-shi, Osaka, 567-8570, Japan (d) Osaka University, 2-8 Yamadaoka, Suita-shi, Osaka, 565-0871, Japan (e) The National Institute of Information and Communications Technology, 1-4 Yamadaoka, Suita-shi, Osaka, 565-0871, Japan (f) Focus IP Group, LLC, 70 Yale Street, Winchester, MA, 01890, USA * Corresponding author. Article History: Received 29 August 2018; Revised 1 June 2020; Accepted 24 June 2020 Byline: Megumi Takata [mtakata@econ.kyushu-u.ac.jp] (a,*), Koichi Nakagawa [nakagawa@econ.osaka-u.ac.jp] (b), Mari Yoshida [myosida@fc.ritsumei.ac.jp] (c), Terumasa Matsuyuki [tma@uic.osaka-u.ac.jp] (d), Toshihiko Matsuhashi [matsuhashi@nict.go.jp] (e), Kosuke Kato [kato@uic.osaka-u.ac.jp] (d), Ashley J. Stevens [astevens@fipgllc.com] (f)

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Gale Document Number: GALE|A684964839