High tech American Startups: Role of Universities

291
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


REFERENCES

1. Napolitano J. Why Universities Are the New Startup Incubators. 03.10.2016. Available at: https://www.universityofcalifornia.edu/content/why-universities-are-new-startup-incubators (accessed 10.06.2022).

2. Gnida M. SLAC Scientists Invent Low Cost Emergency Ventilator and Share the Design for Free. 13.08.2020. Available at: https://www6.slac.stanford.edu/news/2020-08-13-slac-scientists-invent-low-cost-emergency-ventilator-and-share-design-free.aspx (accessed 10.06.2022).

3. Stone M. 9 Incredibly Successful Startups that Were Born at Stanford. Business Insider. India. 26.07.2921. Available at: https://www.businessinsider.in/tech/9-incredibly-successful-startups-that-were-born-at-stanford/slidelist/43181838.cms (accessed 10.06.2022).

4. Glasner J. Stanford, MIT Lead in Graduating Funded Startup Founders. Available at: https://techcrunch.com/2016/10/02/stanford-mit-lead-in-graduating-funded-startup-founders/ (accessed 10.06.2022).

5. Louise N. Why Stanford University Produces the Most Successful Startup Founders. Available at: https://blogpedia.org/blogs/242/why-stanford-university-produces-the-most-successful-startup-founders (accessed 14.06.2022).

6. Maxim R., Muro M. Ideas for Pennsylvania Innovation. Washington, Metropolitan Policy Program, 2019. 66 p.

7. Hofnerr J. 20 Boston Startups Founded by MIT Alumni. 19.10.2016. Available at: https://www.builtinboston.com/2016/10/19/mit-alumni-who-founded-bostons-top-startups (accessed 10.06.2022).

8. Machemer T. How an Algorithm Draws Unexpected Connection between Works of Art. Smithsonian Magazine, 11.08.2020. Available at: https://www.smithsonianmag.com/smart-news/how-algorithm-creates-unlikely-pairings-classic-art-180975529/ (accessed 10.06.2022).

9. Henderson T. Michigan Technological University and “The Innovation Shore”. Available at: https://www.crainsdetroit.com/article/20171112/news/644836/michigan-technological-university-and-the-innovation-shore (accessed 12.06.2022).

10. Galbraith M.J. See 10 New Michigan – Grow Mobility Innovations Accelerated by U-M, MEDC. Concentrate, 22.08.2018. Available at: https://www.secondwavemedia.com/concentrate/features/mtrac-funds-michigan-made-mobility-innovations.aspx (accessed 10.06.2022).

11. McKee M., Perry C. Accelerator Fund Boosts Harvard Tech Startups. The Harvard Gazette, 02.06.2015. Available at: https://otd.harvard.edu/news/accelerator-fund-launches-wave-of-harvard-tech-start-ups/ (accessed 10.06.2022).

12. Teixeira T.S. A Survival Guide for Startups in the Era of Tech Giants. Harvard Business Review, 21.02.2020. Available at: https://hbsp.harvard.edu/product/H05FT9-PDF-ENG (accessed 21.02.2020).

13. Florida R., Hathaway I. How the Geography of Startups and Innovation Is Changing. Harvard Business Review, 27.11.2018. Available at: https://hbr.org/2018/11/how-the-geography-of-startups-and-innovation-is-changing (accessed 10.06.2022).

14. Pisano G.P. You Need an Innovation Strategy. Harvard Business Review, 2015, vol. 93, no. 6, pp. 44-54.

15. Dominguez M. The Agile Innovation of Startups. Available at: https://www.ie.edu/insights/articles/the-agile-innovation-of-startups/ (accessed 10.06.2022).


SOURCES

1. Startup Ranking Report 2022. Available at: https://www.startupranking.com/ (accessed 10.06.2022).


Registered in System SCIENCE INDEX

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



Comments (0)

No comments

Add comment







Indexed

 

 

 

 

Dear authors! Please note that in the VAK List of peer-reviewed scientific journals, in which the main scientific results of dissertations for the degree of candidate and doctor of sciences should be published for the “MEMO Journal” the following specialties are recorded:
economic sciences:
5.2.5. World Economy.
5.2.1. Economic Theory
5.2.3. Regional and Branch Economics
political sciences:
5.5.4. International Relations
5.5.1. History and Theory of Politics
5.5.2. Political Institutions, Processes, Technologies

 

Current Issue
2025, vol. 69, No. 4
Topical Themes of the Issue:
  • Entrenchment of Neo-Protectionism in Global Economy of 21st Century 
  • Institutional Dynamics of Fiscal Integration in the European Union
  • Factors of Latin American Countries’ Interest in BRICS
  • “China: Bitter Dish with Complex Garnish”
Announcement

Dear authors of the journal!

Please note that the author's copies of the issues in which your texts are published are kept in the editorial office for no more than one year. After this period expires, the editorial office has the right to dispose of unclaimed copies at its own discretion.

 

Submit an Article
INVITATION FOR PUBLICATION
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.