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Successful technology commercialization requires the integration of
multiple perspectives and collaboration of experts from very
different backgrounds. More often than not, key individuals in the
process reside in different organizational units--each with their
own mission, agendas, and cultures. This volume addresses the
challenges that can arise when individuals from technical,
business, and legal environments must converge on the goal of
commercialization. Specifically, it brings together studies from
organizational behavior, marketing, economic, and sociological
perspectives on commercialization of university technologies.
Chapter foci range from theoretical research on academic
entrepreneurship, multidisciplinary student team management
conflicts such as background, purpose, communication, and learning
style, to a patent data examination of sociological factors in
technology paths in nanotechnology innovation. New results are
presented on career goals of PhD scientists and engineers
highlighting their desire for education providing skills from these
other domains. Educational responses such as cross disciplinary
team models, as well as multidisciplinary entrepreneurship centers
and specialized masters programs for scientists are presented.
Profiting from technological innovation is a key strategic
challenge in technology-intensive industries because it requires
not only scientific and engineering expertise but also an
understanding of how business and legal factors facilitate
commercialization. This volume presents a multidisciplinary view of
issues in technology commercialization and entrepreneurship. First,
the strategic options available to an innovating firm attempting to
commercialize inventions are presented in the context of the legal
system and the complementary assets needed for commercialization.
Next, the benefits and liabilities associated with
multidisciplinary commercialization teams are covered. The chapters
on intellectual property include a basic guide to patents, designs,
copyrights, trademarks and trade secrets and marks, as well as an
analysis of how these mechanisms can be viewed as complements in
commercialization. Issues and challenges associated with US laws
such as Bayh-Dole are covered. Three chapters cover elements of
strategy including industry analysis and strategy, marketing
strategy, alliances and other strategies for technology
commercialization. The final chapters cover financial issues in
commercialization, with a guide to different techniques used in
valuing early stage technologies, steps in obtaining venture
capital funding, and an analysis of the role of contracts and
nondisclosure agreements in licensing of early stage inventions.
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