Issue 4 – University Venture

Introduction

Can Venture Make or Break Universities?

A university’s ability to create ventures and interact with them is becoming a critical survival skill. After all, the lack of this ability is what made Harvard lose out to Stanford. And it will get worse…

Univenture  – University Venture – stems from the realization that the global venture ecosystem in the 21st century is changing, and the role of academia in it is of necessity going to change as well.

The traditional roles of universities – Creation of knowledge (=research), Transfer of knowledge (=teaching),  and Societal service through the use of knowledge – will remain, but their relative extent and nature are certain to change in ways still not fully understood; and universities are slow to identify the best manner they can adapt and integrate into the overall venture ecosystem – which is itself a moving target.

The necessity of coping with all this is sure to keep university players awake at night. Our issue #4 shares ideas, case studies, successes and caveats to help cope with – and survive – this challenge.

Preview

Contents

	De-know-polization Universities facing the de-monopolization of knowledge research, teaching and service by Prof. Yesha Sivan and Dr. Robyn Klingler-Vidra STOP: wanting to be Harvard; CAUTION: you are not in Silicon Valley; GO: your own univenture path
	Stanford’s Univenture Secret Sauce Embracing risk, ambiguity and collaboration by Katharine Ku What is the secret of Silicon Valley’s success? Hint: it’s all in the attitude
	Utah’s Creation of a Univenture Oasis in the Desert 100+ university spin-outs in 5 years by Dr. Norris Krueger A recipe for a successful univenture program – and some hurdles to beware of
	The Uniqueness of Stem Cell Ecosystems Lessons in matching local culture by Prof. Adam Bock and David Johnson Why carelessly copying “best practices” from Stanford or MIT can kill your univenture program
	Crafting a Silicon Savannah Univenture in an emerging context by Wilfred Mutua Mworia How to build a “Silicon Savannah” in a challenging environment
	The National Science Foundation’s Lean Start-Up Push I-Corps as a Model for International Univenture by Prof. Michael Ehrlich Learn what the U.S. has been doing to direct academic innovation into commercial success
	One Stroke, Many Colors – Univenture at IIT Madras Programs, stakeholders, and their relationships by Prof. Thillai Rajan A. and Prof. Ashok Jhunjhunwala How wealth creation can be reconciled with universities’ traditional roles so everyone wins
	Europe’s Bid for a Univenture Breakthrough The case of a newly designed Univenture ecosystem by Jean H. A. Gelissen The EU’s gambit to close the innovation gap with the U.S.
	Looking for a Second Miracle on the Han River The roots of Korea’s leading univenture ecosystems: KAIST and POSTECH by David S. Lee How universities can work with both public and private partners to engage with a rapidly changing venture ecosystem
	Measuring University Venture: A Proposed Framework Holistic parameters for measuring impact by Prof. Peter T.  Gianiodis and Prof. William R.  Meek Why our univenture metrics are broken, and how we can achieve better success by replacing them