Universities play a key role in the green transition. Their research constitutes an important knowledge base for understanding the environmental challenges we face—and the potential solutions. Nonetheless, there are acknowledged gaps in the journey from university research to its commercialization, metaphorically known as valleys of death. This refers to the fact that many promising discoveries never get out of the lab and into the market, and consequently a lot of potential goes unfulfilled.
"The purpose of the university is to generate knowledge and applications to better the human condition."
Valley of Death
Fostering Green Entrepreneurship in Education
Californian universities have recognized that they play an important role in installing an entrepreneurial mindset in their students and have developed programs in close collaboration with the industry in Silicon Valley. The focus on entrepreneurship and university-industry collaboration is a feature of the ecosystem in Silicon Valley, and it is also present when it comes to climate solutions. Below are some examples of how Stanford University, UC Berkeley and UC Davis take a collaborative approach to climate challenges:
- Stanford Climate Ventures is a program where multi-disciplinary teams learn how to bring their promising new ideas in energy and climate technology to market. Through cross-disciplinary courses in close collaboration with industries, the program has delivered an impressive number of spin-out companies.
- At UC Berkeley’s Sutardja Centre for Entrepreneurship, they work with an approach called “Future of X” or “X-Labs”, where the “X” refers to new technologies and emerging industries that can change the world. The centre, for example, hosts the Alt: Meat Lab, which is a hub connecting students, entrepreneurs, venture capitalists and industry leaders interested in creating the plant-based food of the future.
- The Innovation Institute for Food and Health at UC Davis addresses global food and health challenges by connecting faculty and student researchers with investors and industry experts. For example, a current call asks for cutting-edge projects to improve energy efficiency across the food system.
These entrepreneurship programs have proven to spike interest in entrepreneurship among the participants. A comprehensive Stanford Innovation Survey from 2011 shows that 60 % of start-up founders who received venture investment within three years of graduating had participated in an entrepreneurship course at Stanford.
Sustainable startups connected to the universities
Transferring Research to the Market
Education in climate entrepreneurship is a great way to create a mutual understanding and build the next generation of climate entrepreneurs. In 2019, Stanford was awarded the most innovative university and UC San Francisco, UC Davis, and UC Berkeley all rank among the top 30 universities in the United States for R&D expenditures. However, for innovation to be successful, it needs to be implemented. The universities in California have various programs in place that support green start-ups, in order to make sure that new ideas and projects take off.
These commercialization efforts are underpinned by strong tech-transfer offices, which deliver expertise on matters like intellectual property rights and conduct marketing of technologies to relevant companies. Stanford’s Office of Technology Licensing has also developed a framework to allow researchers to work as consultants in start-ups. Acknowledging that many professors with innovative technologies may not be interested in leaving the university to found a company, they can instead consult, while others bring the technology to market.
Innovation turning into companies
Another example with federal funding is Cyclotron Road. This fellowship program was created by Lawrence Berkeley National Laboratory in conjunction with the US Department of Energy. The program addresses the gap between federal grants dollars for research and traditional early-stage investment by allowing early-stage hardware innovators the time and resources to de-risk their technologies while determining a pathway to market in order to attract more traditional forms of capital. Once accepted, fellows are granted access to Lawrence Berkeley National Lab and UC Berkeley facilities for two years, while receiving a generous stipend, extensive mentorship, entrepreneurial training, and networking opportunities.
Finally, the universities also have programs in place that support the commercialization of emerging technologies. For instance, the Berkeley Hass School of Business hosts the program Cleantech to Market (C2M), which matches start-ups that are already part of programs such as TomKat or Cyclotron Road with graduate students that can help them accelerate the commercialization of their leading cleantech solutions.
R&D a Cornerstone in the Fight against Climate Change
In Denmark, the Government has launched a new strategy, “The Green Solutions of the Future” (DK: Den Grønne Forsknings Strategi), boosting investments in green research, technology and innovation. With a key part of the strategy to build strong collaboration with industry and support climate research from university to market. The R&D and tech transfer capacity of Silicon Valley has had large impact on the digitalization of our economies. Harnessing the successful model of entrepreneurial education, ecosystem collaboration and tech transfer agencies in the fight climate change could prove transformational.
At Innovation Centre Denmark Silicon Valley, we create gateways to learning, networks and partnerships with Californian universities, which are working on bridging the green valley of death.
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