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

Takata, Megumi; Nakagawa, Kōichi; Yoshida, Mari; Matsuyuki, Terumasa; Matsuhashi, Toshihiko; Kato, Kosuke; Stevens, Ashley J.

doi:10.1016/j.technovation.2020.102161

Cited by 22 publications

(10 citation statements)

References 45 publications

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“…However, the role of universities in crossing the Valley of death was not validated in this research. Finally, some research supports the view that technology transfer programs can bridge the Valley of death (Takata, et al, 2020), but that might be partially true for only high-tech products or services.…”

Section: Originalitymentioning

confidence: 96%

Crossing the Valley of Death: lessons for young entrepreneurs

Al-Shaikh¹,

Siddiqui²

2021

JESI

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Valley of Death (VoD) is a metaphor often used to describe the situation in which many new startups fail to survive. This paper aims to share the experiences of developing guidelines for young entrepreneurs to successfully cross the Valley of death. The ideal target audience for this paper includes young entrepreneurs eager to launch their startups and preferably attending business incubation or acceleration programs. This research hypothesized to make a conceptual model crossing the Valley of death using the entrepreneurial ecosystem. The entrepreneurship ecosystem consists of six higher-order domains, including enabling government policies and leadership, financial capital, culture, support services, human capital, and markets. From earlier studies, entrepreneurial actions to cross the Valley of death were extracted. Entrepreneurship experts, including business incubation center managers, mentors, entrepreneurship faculty from business schools, validated these entrepreneurial actions. Analyses show four domains replicated in the study, enabling government policies and leadership, financial capital, support services, and markets. Furthermore, culture was partially replicated while the experts did not validate human capital. Finally, it presents entrepreneurial actions used to cross the Valley of death by new startups. These entrepreneurial actions are mapped on the entrepreneurial ecosystem. Findings include an emphasis on the understanding of ten issues including, entrepreneurial ecosystem, government rules, procedures, and incentives (like tax benefits, grants) for similar startups, intellectual property rights for similar projects, the role of leadership in startup performance, financial capital for the startup, risks and decision-making choices, regional entrepreneurial culture, support services for similar startups, markets, customers & competitors, the commercial value of the research project/product. Findings also show how to perform these actions and the appropriate timings of these entrepreneurial actions.

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Section: Originalitymentioning

confidence: 96%

Crossing the Valley of Death: lessons for young entrepreneurs

Al-Shaikh¹,

Siddiqui²

2021

JESI

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“…Nonetheless, the case can be made that start-up companies are a great opportunity to close the gap altogether, easing the transition of academic research to actual industrial application and providing opportunities for academics to focus on education and research [12]. However, despite their potential, start-up companies struggle to live up to it.…”

Section: Size Matters In Innovationmentioning

confidence: 99%

“…Smaller companies must survive the Valley of Death by recruiting their own, often limited resources, forcing them to make tradeoffs in time, cost, or quality. At the same time, these companies run into the same issues as industry or academia, including those aforementioned such cumbersome contracting or procurement of technology requirements, and lack of exposure, entrepreneurial management, adequate funding, and a strong link between technology development efforts and industrial deployment [12][13][14].…”

Section: Size Matters In Innovationmentioning

confidence: 99%

From Innovation to Application: Bridging the Valley of Death in Industrial Biotechnology

Kampers

Asin-Garcia

Schaap

et al. 2021

Trends in Biotechnology

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“…One of the major purposes of strategies is to ensure the sustainability of a firm (Parente et al, 2020 ). A firm that can use its resources to meet the customers' current needs and plan for meeting their future needs can survive in the long run (Takata et al, 2020 ). Because of the uncertain future, firms are concerned about the business ideas that can cater to the customers' rising needs (Atiku and Abiola, 2020 ).…”

Section: Literature Reviewmentioning

confidence: 99%

In the Pursuit of Green in COVID-19: Harnessing the Existing Talent to Pursue Green Corporate Entrepreneurship

2021

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The study was conducted to ascertain the role of talent management practices in promoting green corporate entrepreneurship through the median of organizational engagement in the context of COVID-19. The study is quantitative and deductive in nature. The data was collected from 323 employees working in the large manufacturing industry. The data was collected through a self-administered survey and the data analysis was done through Smart-PLS, both measurement and structural models were evaluated. The study found that talent management is related to green corporate entrepreneurship. The study also confirmed the mediating role of organizational engagement relating talent management with green corporate entrepreneurship. This study will develop insight for the corporate managers and decision-makers to understand the intricacies of the talent management process and its interplay with green corporate entrepreneurship, and organizational engagement. Talent Management is concerned with the process of hiring, developing, and retaining highly competent incumbents for pivotal positions. Hence, the role of the talent management process invariably affects the organizational processes and outcomes like creativity and innovation, which come under the umbrella of corporate entrepreneurship. This study will not only add value in empirical research of the chosen concepts and constructs, but it will also bridge the theoretical gap between talent management and corporate entrepreneurship. It is the first study that related talent management practices to green corporate entrepreneurship. Furthermore, it is the first study that examined the mediating role of organizational engagement relating talent management to green corporate entrepreneurship.

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

Cited by 22 publications

References 45 publications

Crossing the Valley of Death: lessons for young entrepreneurs

Crossing the Valley of Death: lessons for young entrepreneurs

From Innovation to Application: Bridging the Valley of Death in Industrial Biotechnology

In the Pursuit of Green in COVID-19: Harnessing the Existing Talent to Pursue Green Corporate Entrepreneurship

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