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Abstract

This volume centers on introducing and exploring issues of and approaches to demonstrating the potential nonexclusively commercial values of individual university innovations, such as social, ecological, and economic values of innovation that may be realized through movement to the private marketplace. The volume papers comprised the basis for discussion and formation of a 2008 colloquium that was conceptualized and organized by the McGuire Center for Entrepreneurship and co-hosted by the McGuire Center and the Office of Technology Transfer at The University of Arizona. The goal of the colloquium and conference volume was to increase university-based ability to advance innovation by conducting technology-specific assessments of the social (and other noncommercial) gains of the individual innovation. New technologies and knowledge sets generated by university faculty are most frequently measured for potential academic value by the innovating faculty member, department, and general peer structure, and for potential commercial value when appropriate by technology transfer offices and other market-oriented units that are charged with the management of the intellectual property of the institution. A formal, institutionally supported valuation of the social, ecological, and/or economic potential of individual innovations may provide evidence of gain needed to motivate more parties to become engaged in academic entrepreneurship. Thus, the capacities of colleges and universities to more confidently forecast the noncommercial value of new knowledge and discovery has the potential to act as an additional link in the often disconnected value proposition of university innovation.

Citation

Libecap, G.D. and Hoskinson, S. (2009), "Introduction", Libecap, G.D. (Ed.) Measuring the Social Value of Innovation: A Link in the University Technology Transfer and Entrepreneurship Equation (Advances in the Study of Entrepreneurship, Innovation and Economic Growth, Vol. 19), Emerald Group Publishing Limited, Leeds, pp. xi-xvii. https://doi.org/10.1108/S1048-4736(2009)0000019011

Publisher

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Emerald Group Publishing Limited

Copyright © 2009, Emerald Group Publishing Limited