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Academic Entrepreneurship (Hardcover, 1st ed. 2022)
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Academic Entrepreneurship (Hardcover, 1st ed. 2022)
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This book explores different aspects of entrepreneurship from both
an academic and a commercial point of view. The first chapter the
university culture is considered. The nature of the technology or
service is important. Some technologies are adaptive, in that they
are developing products that are already in the marketplace, and
these fit easily in academic institutions. Other technologies are
disruptive and new products must be developed. These fit less
easily into university structures since a commercial entity is
required. Chapter 4 considers the important requirements of
conflict of interest (COI). Either the university culture or COI
can hinder or aid entrepreneurial faculty. The second chapter deals
with the reasons why an individual faculty might wish to become
entrepreneurial. In many cases, a faculty member wants to see their
technology in practice and not just a publication in a scientific
journal. If a technology is disruptive, then a commercial entity is
probably essential. If so, then funding must be obtained. There are
"valleys of death" (1) where scientific discoveries to useful
products and (2) the development, production and marketing of a
commercially viable product. Chapter 6 deals specifically with
methods of funding start-up companies. Chapter 3 describes several
innovative programs in biology. These include genetic approaches,
plant management systems and the author's own program that deals
with microbial approaches to sustainable agriculture. Chapter 5
describes the crucial areas of agreements, contracts, regulatory
affairs and patents. These legal documents are critical components
of entrepreneurial efforts and must be understood and pursued
correctly. Finally, this book could have been entitled "things I
wish I had known when I first started commercial activities." It is
my hope that it can make the path of fledgling entrepreneurial
smoother and more successful.
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