Prospective entrepreneurs who value the potential benefits of transferred technology must heed the importance of extensive participation in advanced development projects as the most likely seed beds of their firms. When combined with a sensitivity to market opportunities to exploit the technology, the entrepreneurial candidate should be able to move the technology rapidly into commercial application, avoiding the eroding effects of delay.
It is critical to point out in closing this chapter that few of the entrepreneurs left their sources with a product that had actually been developed at work. The technology transferred is advanced knowledge that they had learned and then applied in the creation of their new enterprises. The effect of this technology transfer on the success of the new firm is discussed in Chapter 9.
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