COTEC's Technology Commercialization Accelerator (Act®)

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Author(s): Pedro M. Vilarinho (COTEC Portugal, Portugal)
Copyright: 2015
Pages: 22
Source title: Competitive Strategies for Academic Entrepreneurship: Commercialization of Research-Based Products
Source Author(s)/Editor(s): Anna Szopa (Jagiellonian University, Poland), Waldemar Karwowski (University of Central Florida, USA)and David Barbe (University of Maryland, College Park, USA)
DOI: 10.4018/978-1-4666-8487-4.ch009

Keywords: Business & Management / Business Science Reference / Entrepreneurship & Innovation / Management Science

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Abstract

This chapter describes, from a practitioner's perspective, COTEC's Technology Commercialization Accelerator (Act®) - a nationwide venture engine that aims at creating social and economic value from the knowledge generated by researchers, by supporting them in the creation of high-tech / high-growth ventures. To contextualize the environment in which Act® was created and operates, a set of statistical data that is relevant to characterize the Portuguese knowledge creation and deployment landscape is provided early in the chapter. Then, the different stages of the unique technology valorisation process employed by Act® are detailed. The main figures regarding Act's achievements, since it was created in 2004, will then be provided, together with a short description of some of the start-ups created with Act® support. Finally, the lessons learned throughout Act's development and an overview of the challenges that will frame its future development are provided.

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