2010
DOI: 10.1111/j.1467-9310.2010.00619.x
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An exploratory study of Principal Investigator roles in UK university Proof-of-Concept processes: an Absorptive Capacity perspective

Abstract: The increasing emphasis on academic entrepreneurship, technology transfer and research commercialisation within UK universities is predicated on basic research being developed by academics into commercial entities such as university spin-off companies or licensing arrangements. However, this process is fraught with challenges and risks, given the degree of uncertainty regarding future returns. In an attempt to minimise such risks, the Proof-of-Concept (PoC) process has been developed within University Science … Show more

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Cited by 31 publications
(31 citation statements)
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References 45 publications
(115 reference statements)
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“…Indeed, Vandekeckhove and Dentchev () identify that open communication helps reduce knowledge asymmetry which is essential when multiple diverse stakeholders are interacting, with varying objectives in an open innovation context. As noted, over the research period, the KTO had implemented a wide range of activities to connect academics with industry however, the findings suggest the need for further opportunities to enhance physical interaction between academics, end users and industry to overcome tacit knowledge gaps and increase commercialisation success (Gassmann et al, ; McAdam et al, ).…”
Section: Resultsmentioning
confidence: 99%
See 1 more Smart Citation
“…Indeed, Vandekeckhove and Dentchev () identify that open communication helps reduce knowledge asymmetry which is essential when multiple diverse stakeholders are interacting, with varying objectives in an open innovation context. As noted, over the research period, the KTO had implemented a wide range of activities to connect academics with industry however, the findings suggest the need for further opportunities to enhance physical interaction between academics, end users and industry to overcome tacit knowledge gaps and increase commercialisation success (Gassmann et al, ; McAdam et al, ).…”
Section: Resultsmentioning
confidence: 99%
“…Building on prior research (Tsai, 2001;Sun, 2010;Su et al, 2013) absorptive capacity is used as a lens to explore the process of KT. Absorptive capacity has been used to explore why some organisations transfer knowledge more successfully than others, particularly in regards to University based KT within an open innovation ecosystem (Easterby-Smith et al, 2008;McAdam et al, 2010). Furthermore, absorptive capacity is seen as playing a crucial role in intra and inter-organisational KT (Zahra and George, 2002;Lane et al, 2006).…”
Section: Conceptualising Kt Between Multiple Stakeholders Using An Abmentioning
confidence: 99%
“…Collaborating with diverse networks of actors can enhance idea generation and knowledge creation in the early stages of technology transfer (McAdam et al, 2010). Within the technology commercialisation process, networks are utilised to assess the potential need and demand for a particular technology.…”
Section: Knowledge Network To Aid Knowledge Retention In Technology mentioning
confidence: 99%
“…Some other authors referenced the use of entrepreneurs in R&D management as well as utilising intangible resources for value creation in innovation using stakeholders (Pike et al, 2005;Lettl et al, 2006). The process of research institutions or knowledge networks being transformed into commercial innovative opportunities was also identified by a number of authors (Collinson and Gregson, 2003;Davenport et al, 2003;Ball and Butler, 2004;Simpson, 2004;Leung and Isaacs, 2008;Ebner et al, 2009;McAdam et al, 2010;Barker et al, 2012). Finally, corporate social responsibility and sustainability were linked to stakeholders in R&D projects by some other authors (Hayton, 2005;Yawson et al, 2006;Holmes and Smart, 2009;Schiederig et al, 2012;Seebode et al, 2012).…”
Section: A Review Of the Stakeholder Concept In Randd Management Literamentioning
confidence: 99%