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21-PM2-10: W4 - Creating the Conditions for Impact from Science Based Ventures
2:45pm - 4:15pm
Session Chair: Sarah Lubik, Simon Fraser University Session Chair: Elicia Maine, Simon Fraser University Session Chair: Andrew Park, Simon Fraser University
Location:Room 2.2.36 (ENSTA)
Solving global challenges, such as climate change, lack of fresh water, and disease, will require radical inventions drawing on basic science. The critical initial steps in taking these inventions to market in the form of novel products and services will be taken by science based ventures. Yet science-based ventures face well known difficulties in financing highly uncertain commercialization (Pisano, 2010; Maine and Seegopaul, 2016). Investors, alliance partners and even educators and accelerators have the power to shape the conditions to either catalyze or suppress the true potential of science based ventures.
Drawing on the literatures of opportunity creation vs opportunity recognition, academic entrepreneurship, entrepreneurial capabilities, high impact innovation, science based ventures, corporate venturing, and innovation ecosystems, this workshop will engage participants in identifying and categorizing the mechanisms employed by universities, companies, and innovation policy makers to increase the likelihood of opportunity creation from science based ventures. Participants will also be invited discuss their own challenges and solutions creating the conditions for commercialization of science.