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Radical and Incremental Innovation and the Role of University Scientist

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Essays in Public Sector Entrepreneurship

Part of the book series: International Studies in Entrepreneurship ((ISEN,volume 34))

Abstract

Innovation has emerged as a source of economic growth, employment creation, and global competitiveness in the United States. On February 2011, President Barack Obama released his vision and plan for A Strategy for American Innovation: Securing Our Economic Growth and Prosperity. Similarly, in his 2011 State of the Union Address to the United States Congress, President Obama emphasized, “America’s economic growth and competitiveness depend on its people’s capacity to innovate. We can create the jobs and the industries of the future by doing what America does best—investing in the creativity and imagination of our people. To win the future, the U.S. must out-innovate, out-educate, and out-build the rest of the world. We have to make America the best place on earth to do business.”

This chapter is largely founded on the report “University Science Faculty Ventures into Entrepreneurship,” Audrestsch, D., Aldridge, T., and Nadella, V. Prepared for the United States Small Business Administration Office of Advocacy, under Contract #SBAHQ-11-M-0212, April 2013.

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Notes

  1. 1.

    “A Strategy for American Innovation: Securing Our Economic Growth and Prosperity,” National Economic Council, Council of Economic Advisers, and Office of Science and Technology Policy, Washington, D.C.: The White House, February 2011, http://www.whitehouse.gov/sites/default/files/uploads/InnovationStrategy.pdf/

  2. 2.

    “Obama’s Innovation Agenda,” Forbes, January 25, 2011, http://www.forbes.com/sites/brianwingfield/2011/01/25/obamas-innovation-agenda/

  3. 3.

    Testimony of David B. Audretsch to the House of Representatives, Committee of Small Business, March 16, 2011, http://smallbusiness.house.gov/uploadfiles/david_audretsch_sbir_testimony.pdf

  4. 4.

    Public Law 98-620.

  5. 5.

    “Defending the University Tech Transfer System,” Businessweek, February 19, 2010, http://www.businessweek.com/smallbiz/content/feb2010/sb20100219_307735.htm

  6. 6.

    “Defending the University Tech Transfer System,” Businessweek, February 19, 2010, http://www.businessweek.com/smallbiz/content/feb2010/sb20100219_307735.htm

  7. 7.

    Introductory statement of Birch Bayh, September 13, 1978, cited from the Association of University Technology Managers Report (AUTM) (2004, p. 5).

  8. 8.

    Statement by Birch Bayh, April 13, 1980, on the approval of S. 414 (Bayh-Dole) by the US Senate on a 91-4 vote, cited from AUTM (2004, p. 16).

  9. 9.

    Stephen Budiansky, “Brand U.,” New York Times, April 26, 2006, p. A23.

  10. 10.

    Steve Lohr, “U.S. Research Funds Often Lead to the Start-Ups, Study Says” New York Times, April 10, 2006.

  11. 11.

    Quoted from Steve Lohr, “U.S. Research Funds Often Lead to Start-Ups, Study Says,” New York times, April 10, 2006.

  12. 12.

    Innovation’s Golden Goose,” The Economist, 12 December, 2002.

  13. 13.

    “Defending the University Tech Transfer System,” Businessweek, 19 February 2010.

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Authors and Affiliations

  1. Indiana University, 1315 E. 10th Street, Suite 201, Bloomington, IN, 46805, USA

    Aileen Richardson, David B. Audretsch, Taylor Aldridge & Venkata K. Nadella

  2. University of Augsburg, Augsburg, Germany

    Aileen Richardson

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  1. Aileen Richardson
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Editors and Affiliations

  1. Indiana University, School of Public & Environmental Affairs, BLOOMINGTON, Indiana, USA

    David B. Audretsch

  2. University of North Carolina at Greensbo, Greensboro, North Carolina, USA

    Albert N. Link

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Richardson, A., Audretsch, D.B., Aldridge, T., Nadella, V.K. (2016). Radical and Incremental Innovation and the Role of University Scientist. In: Audretsch, D., Link, A. (eds) Essays in Public Sector Entrepreneurship. International Studies in Entrepreneurship, vol 34. Springer, Cham. https://doi.org/10.1007/978-3-319-26677-0_5

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