The document discusses elements that are important for successful technology transfer from universities to commercial ventures. It identifies five key elements: 1) Leadership that advocates for entrepreneurship without being blindly biased. 2) Involving private sector leadership in the technology transfer process. 3) Understanding the context and environment that enables entrepreneurship. 4) Changing university culture to be more market-oriented and entrepreneurial. 5) Engaging with the external ecosystem of investors, mentors, and others to support ventures. Examples from the University of Utah are provided.

1. From Bureaucratic Tech Transfer to Entrepreneurial Technology Commercialization Norris Krueger, Max Planck Jack Brittain, University of Utah (Brian Cummings, University of Utah) (Steve Nichols, University of Texas) NCIIA 2009

2. In less than 4 years... 60+ spinouts 94% still alive Lowest cost per-spinout What can we learn? Looks like entrepreneurial development!

3. Five Elements Leadership Leadership in the Process Understanding/Managing Context Changing the Culture Engaging the Ecosystem

4. Helix Models Triple Helix? Top-down, institutional Double Helix? Bottom-up, functional

5. Revised model Links Grown by Bridging Assets

6. 1. Leadership Bully Pulpit Understanding not Blind Advocacy Strategic Intent

7. 2. Leadership in the Process Professionals – no more amateur night Private sector leadership Develop & use the right metrics

8. Lessons? Wishful thinking Entrepreneurial thinking Media as ally Strategic intent

9. 3. Context Munificent Environment Backlog Frustration?

10. Lessons? Find the Munificence Create the Munificence? Critical Mass (Aggregate?) Supply of Potential Entrepreneurs

11. 4. Changing the Culture Market Orientation Basic -> Applied Research Entrepreneurial Orientation Understanding Entrepreneurial Dynamics Platform? Goldsmith? T & D

12. Lessons? Walk the walk... model the behaviors Be an “arsonist”?

13. Utah's Efforts (a sampler) Technology Titans (Science idea competition) Lassonde New Venture Development (scholarships to upwards of thirty graduate students to assess U of U technologies) Faculty Mentoring Program Entrepreneur-in-Residence Executive- in-residence Launch Pad Student Venture Fund

14. 5. Engaging the Ecosystem Takes a village? LOL, but... Triple Helix or?? Connectors “ Alignment” Internal Stakeholders SAOSW!

15. Buzz Groups You know the drill... Teams of 3-5 Identify top 3 ways to use SAOSW to 1) Engage the ecosystem 2) Change the culture 3) Find the munificence

16. [email_address] @entrep_thinking [email_address] [email_address] [email_address]