High tech American Startups: Role of Universities

DOI: 10.20542/0131-2227-2022-66-11-21-27
I. Kuznetsova, irena-pav@mail.ru
Russian State University for the Humanities, 6, Miusskaya Sq., Moscow, 125047, Russian Federation.

Received 21.06.2022. Revised 02.09.2022. Accepted 05.09.2022.

Abstract. The article is devoted to development of startups in American Universities, attracting potential investors, direct assistance to startup founders from specialized centers and research departments. Innovations are spread across the world and startups are the largest contributors to job creators. Startups are gradually becoming indicators of the effectiveness of Universities and an important part of the innovativeness. Universities are trying to achieve excellence in research by facilitating the translation and commercialization of scientific discoveries into accessible technologies, products and services for the benefit of contemporary society. It is generally accepted that technology commercialization specialists develop and disseminating the best practices for spinning out new companies based on university research and development. It is also important to protect new technologies with patent, trademark and copyright filings. The article deals with the main problems of protecting of patenting scientific developments. The American intellectual property protection government laws and regulations allow companies to commercialize the products they invent, encouraging innovations and researches in Universities, attracting students to establish new startups. University startups can help students improve their knowledge by teaching an entrepreneurial mindset and have new career opportunities. The article considers different innovative American startups, the new technologies and the impact they will have in economy. The article analyzes the cooperation of non-profit national organizations, foundations and business incubators with University startups and their financing. As a rule technology commercialization often requires support from multiply financial sources. A comprehensive analysis of the stages of formation and development of high tech startups, state support for innovative potential and the creation of venture companies are shown.

Keywords: American universities, startups, investments, intellectual property, high technology products, venture capital


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For citation:
Kuznetsova I. High tech American Startups: Role of Universities. World Eonomy and International Relations, 2022, vol. 66, no. 11, pp. 21-27. https://doi.org/10.20542/0131-2227-2022-66-11-21-27

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