Bridging the valley of death: Lessons from an entrepreneurial program

Elda Barron, José Ernesto Amorós

Research output: Contribution to journalArticlepeer-review

Abstract

Nowadays, the governments and the private initiative destine budget and modify their regulations in favour of innovation, entrepreneurship, and scientific commercialization. Some mechanisms emerge as the bridge between research and the market. Their function is to support academics and researchers to cross the valley of death and start new science-based ventures. We analysed Binational Innovation Nodes (NoBI), a governmental program as a bridge to translate research into the market. This program aims to boost science and technology-based entrepreneurship through customer discovery. We describe and analyse the implementation of this program. Our findings highlight two essential functions of this kind of entrepreneurial program. First, help to validate and discard research on less time. Secondly, this program helps to line research to market, preparing research to go to the commercialization phase. Also, this program has an impact beyond the validation of technologies, changing the mentality of the scientist.

Original languageEnglish
JournalInternational Journal of Entrepreneurship
Volume24
Issue number1
Publication statusPublished - Mar 2020

Bibliographical note

Funding Information:
The NoBI program is an initiative of the Consejo Nacional de Ciencia y Teconología (CONACYT) National Council for Science and Technology) of Mexico in partnership with the National Science Foundation (NSF) of the United States of America. This program aims to train groups of researchers (scientists) and entrepreneurs in the exploration of the market for technologies developed in Institutions of Higher Education (IES) or Public Research Centers (CPIs) of Mexico. The goal of this program is to help the participants acquire the skills and knowledge necessary to market the technologies that they have developed and to direct their next scientific research towards a specific market.

Publisher Copyright:
© 2020, Allied Business Academies. All rights reserved.

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Economics and Econometrics
  • Strategy and Management

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