Salt Lake City, Utah
June 23, 2018
June 23, 2018
July 27, 2018
Entrepreneurship & Engineering Innovation
Proliferation of Lean Launchpad, a curriculum designed by Steve Blank and adopted by National Science Foundation as Innovation-Corps program, has created myriad opportunities for commercialization of existing technology and funding innovative ideas which otherwise would never have seen the light of the day. Identifying the merits of funding research based on value proposition and customer demand, key components of the Business Model Canvas, has created a paradox for Endowment Funds, Family Offices and even Federal Funding agencies on whether to continue support for fundamental research in hi-tech laboratories or to think like a Venture Capital investor hoping to hit a home-run. In a world where the focus is on market viability of research, is the future bleak for fundamental scientific curiosity? Are we on the right path turning Endowment Funds, Family Offices and Federal agencies into Venture Capitalists? Is there any motivation for researchers to get their hands dirty at fundamental scientific curiosity when you can just apply a business model canvas to almost everything? This paper explores the question whether universities with higher federal funding for fundamental research are also able to create more opportunities for entrepreneurship.
Gupta, S., & Kim, E., & Strimel, G. J. (2018, June), Effect of Entrepreneurial Mindset on Funding Opportunities for Fundamental Research Paper presented at 2018 ASEE Annual Conference & Exposition , Salt Lake City, Utah. https://peer.asee.org/30352
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