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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Taking Technical Risks: How Innovators, Managers, and Investors Manage Risk in High-Tech Innovations

Taking Technical Risks: How Innovators, Managers, and Investors Manage Risk in High-Tech Innovations

Paperback

Series: Mit Press

Business GeneralInvesting & FinanceManagement

ISBN10: 0262524198
ISBN13: 9780262524193
Publisher: Mit Pr
Published: Aug 11 2003
Pages: 222
Weight: 0.63
Height: 0.45 Width: 5.44 Depth: 8.74
Language: English

Lewis Branscomb and Philip Auerswald address early-stage, high-tech innovation in the context of business decision making and innovation policy.

How do technology innovators, business executives, and venture capitalists manage the technical elements of business risk when developing and launching new products? Overcoming technical risks requires crossing the so-called valley of death--the gap between demonstrating the soundness of a technical concept in a controlled setting and readying the product technology for the market. Crossing the valley of death may mean bringing university-based research to the point where it appears viable to venture capitalists, or bridging the cultural gap between technical innovators and the managers who are being asked to risk their institutional resources. In every context, purely technical risks are coupled with the market risks inherent in innovation.

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Management