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Related Experiment Videos

Entrepreneurship.

Ali K Yetisen1, Lisa R Volpatti, Ahmet F Coskun

  • 1Harvard Medical School and Wellman Center for Photomedicine, Massachusetts General Hospital, 65 Landsdowne Street, Cambridge, Massachusetts 02139, USA. ayetisen@mgh.harvard.edu syun@mgh.harvard.edu.

Lab on a Chip
|August 7, 2015
PubMed
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High-tech entrepreneurship guides academic inventions from lab to market. Strategies for commercialization, financing, marketing, and successful exits are crucial for technology transfer in knowledge-based economies.

Area of Science:

  • Technology Transfer
  • High-Tech Entrepreneurship
  • Innovation Management

Background:

  • Academic institutions are key players in knowledge-based economies, supporting high-tech industries via consulting, licensing, and spin-offs.
  • Understanding commercialization strategies and fostering an entrepreneurial culture are vital for academics to maximize invention value.
  • The focus is on technology-intensive sectors like nanotechnology, photonics, and biotechnology, particularly lab-on-a-chip devices.

Purpose of the Study:

  • To discuss high-tech entrepreneurship from the laboratory to the market.
  • To provide strategies for commercialization, startup financing, product marketing, and exit planning.
  • To identify common reasons for startup failure and suggest guidelines for overcoming challenges.

Main Methods:

Related Experiment Videos

  • Conceptual discussion of high-tech entrepreneurship.
  • Analysis of commercialization strategies in technology-intensive sectors.
  • Inclusion of case studies of successful and failed companies.

Main Results:

  • Effective technology transfer requires awareness of commercialization strategies and an entrepreneurial culture.
  • Key factors for successful exits include identifying market needs, strong management teams, resource management, and experienced mentors.
  • Common pitfalls in startup ventures are identified, with suggested mitigation strategies.

Conclusions:

  • Successful high-tech entrepreneurship involves a strategic approach from inception to market exit.
  • Academic involvement in commercialization is essential for driving innovation in knowledge-based economies.
  • Careful planning and execution are critical to navigate the challenges of bringing new technologies to market.