Tag Archives: West Coast Research Symposium

WCRS: improving entrepreneurship education

Entrepreneurship education is in demand. In fact, it’s one of the fastest growing subjects on today’s college campuses. According to a 2013 paper published by the Kauffman Foundation, only 250 entrepreneurship courses were taught in the United States in 1985. By 2008, that number had ballooned to 5,000. Today, over 9,000 faculty members teach at least one course in entrepreneurship and more than 400,000 college students take classes on the subject. As the number of future founders and entrepreneurs taking these classes continues to grow, it is crucial that faculty deliver the best possible content, developed from cutting-edge research. Enter the West Coast Research Symposium on Technology Entrepreneurship, an annual conference that brings together scholars from major universities to share their latest insights into the world of innovation and entrepreneurship.

WCRS faculty and PhD students share ideas over dinner.
WCRS faculty and PhD students share ideas over dinner.

In early September, 79 faculty and PhD students from across the U.S. and overseas gathered for the 12th annual WCRS, held at the UW Foster School of Business, to collaborate and gain valuable feedback on novel research in areas such as nascent markets, technology innovation, and funding. This sharing of ideas often leads to stronger, more robust research that will soon find its way into hundreds of college classrooms. When Abhishek Borah, assistant professor at the UW Foster School of Business, presented his paper on social media’s impacts on IPO underpricing, his premise was that underpricing was something that underwriters, investors, and firms all want to avoid. However, faculty members from the University of Alberta and Santa Clara University encouraged him to avoid a purely finance-based view of IPO underpricing and probe deeper into the motives of the bankers involved in the process, to better understand how different types of actors impact IPO pricing.  Feedback like this results in more sophisticated research, increasing the likelihood of publication in top-tier journals, and ultimately improving the education of the next generation of entrepreneurs.

A key element of the WCRS is a one-day doctoral workshop, held prior to the conference, that provides an opportunity for PhD students in entrepreneurship to present their research interests, learn what goes into quality research, and gain wisdom from leading scholars in the field. This workshop preparation is invaluable for PhD candidates. As Suresh Kotha, professor at the UW Foster School of Business and one of the leaders of the WCRS, explained: “Many of the faculty presenting this year attended the conference as doctoral students. It was wonderful to see how they’ve blossomed into successful and confident faculty members.”

The West Coast Research Symposium and Doctoral Workshop are sponsored by the University of Washington, Stanford University, University of Oregon, University of Southern California, and University of California Irvine, with a grant from the Ewing M. Kauffman Foundation.

WCRS: an incubator for novel ideas

paccar interior for WCRSFor entrepreneurs, collaboration can be key to innovation. The same is true for doctoral students and scholars in entrepreneurship. Faculty and graduate students from across the country and overseas met in Seattle September 4-6 for the 11th annual West Coast Research Symposium (WCRS) to do just that: collaborate. “The WCRS started as a simple idea to connect faculty and doctoral students passionate about technology-based entrepreneurship on the West Coast of the United States,” says UW professor Suresh Kotha. “It’s wonderful to see how it’s evolved into a premiere conference.”

Hosted by the UW Foster School of Business and presented jointly by the University of Washington, Stanford, Oregon, University of Southern California, and UC Irvine, the WCRS is an opportunity for researchers to share, discuss, and build upon the latest ideas in the world of technology-based innovation and entrepreneurship.

“The WCRS is an incubator for novel ideas that challenge received wisdom and offer valuable lessons to anyone who lives or wants to live in the world of technology entrepreneurship,” says USC professor Nandini Rajagopalan.  Stanford professor Kathy Eisenhardt, co-director of Stanford Technology Ventures, agrees: “This conference brings together scholars from major universities to share their latest insights. It’s cross-university collaboration at its best.”

Many of the 21 papers presented at this year’s conference focused new attention on topics ubiquitous to entrepreneurship: identifying and evaluating start-up opportunities, intellectual property and patent wars, navigating relationships with boards and investors.  Others addressed themes unique to specific demographics: technology choices in the solar photovoltaic industry, venture capital funding of Asian-led ventures, trends in the video game industry. “The WCRS gives us a chance to test drive new ideas, present our work in progress, draw the field’s boundaries, and shape its future trajectory,” says University of Oregon professor Alan Meyer.

A central component of the WCRS is a day-long workshop for doctoral students. WCRS faculty recognize the importance of innovation and entrepreneurship as key drivers in national economies, and encourage current PhD candidates to pursue research in this field. Students who attend the doctoral consortium leave having further developed their areas of interest and built relationships that last throughout their careers. “The relationships formed at the WCRS are often enduring in nature,” says Foster School associate professor Emily Cox Pahnke. “In fact, many doctoral students find themselves working with WCRS faculty on future research.”

West Coast Research Symposium inspires novel research

PACCAR Hall,Faculty researchers from 50 major universities across the United States and from as far away as Singapore and France met on September 8 and 9, 2011 at the UW Foster School of Business. They came to do what they do best: share their research and experience in technology entrepreneurship.

This year the top papers were weighted toward the emergence of new markets and the role of cognition—how markets are formed and how perceptions get framed of those markets. Other areas of research included venture investing, management teams and innovation, generating legitimacy and creating identity, tracking technology patterns, technology shocks on existing industries, and longitudinal perspectives on new technologies. Out of 50 papers submitted to the symposium, only 19 were chosen for presentation.

The West Coast Research Symposium (WCRS) is dedicated to improving research projects, stimulating novel ideas, and fostering new relationships and research collaborations. As Professor Suresh Kotha of the Foster School (and one of the original organizers of the event) noted, the atmosphere of the meeting makes it easy to share information. “Most academic conferences have as many as 10,000 attendees, but the WCRS is an intimate meeting,” he said. “We had 92 attendees this year. In that environment, people get to know each other, and their conversations revolve around what they’re researching in technology and entrepreneurship, and how they might be able to collaborate going forward.”

This year also marked a first for WCRS. Eleven of the papers presented at the symposium will go into a special issue of the Strategic Entrepreneurship Journal (SEJ), slated for publication in 2012. SEJ is a sister publication of the prestigious Strategic Management Journal, and is designed to expand and develop the natural relationship that exists between strategic management and entrepreneurship’s focus on innovation and opportunity recognition.

A key element of the WCRS is a one-day doctoral student consortium designed to educate the next generation of technology entrepreneurship researchers and keep the field vital for the future. The symposium, funded with financial support from the Ewing Marion Kauffman Foundation, provides an opportunity for PhD candidates who haven’t yet defended their dissertation proposal to discuss their interests with senior scholars in the field. The students use the day to explore their own emerging interests or find new ones, and meet peers who may become lifelong colleagues.

Professor Nandini Rajagopalan, a member of the WCRS organizing committee from USC’s Marshall School, remarked that the doctoral students and research faculty alike benefit from the interaction. “Our attendees note how open and constructive the meeting is. The tone is nurturing and critical at the same time—a difficult combination to pull off.”

WCRS history goes back to 2003, when faculty from three universities—University of Washington, Stanford University and University of Oregon—held the first symposium at the UW. The WCRS organizers were later joined by faculty from the University of Southern California and University of California Irvine.

Symposium explores new research in technology entrepreneurship

Now in its seventh year, the West Coast Research Symposium and Doctoral Consortium in Technology Entrepreneurship draws faculty and doctoral students from around the globe to present their early-stage research to an audience of their peers. This year’s event, held September 10-12 at the University of Washington, saw a record 91 applications from doctoral students applying for 24 workshop spots. The 67 faculty and student attendees came from the United States, Europe, and Asia.

The first day of the conference is devoted to a workshop for doctoral students on developing a research agenda in technology entrepreneurship and completing and publishing a top-notch dissertation. The faculty are onstage during the next two days, presenting 23 papers. This year presentations were divided into seven sessions: knowledge creation and transfer; corporate venturing and innovation; optimism, risk, and intellectual property, selecting venturing partners; social ties and dynamic capabilities, technology—geography, topography, and legacy; and industry creation.

“The West Coast Research Symposium is an excellent conference for PhD students for so many reasons,” said David Gomulya, a fourth-year doctoral student from the UW. “The opportunity to meet leading scholars and fellow students in an intimate setting is second to none. Most importantly, the relaxed and collegial atmosphere of the conference is what makes it truly a conference to go to. As a student, you’re not afraid to ask questions, and you’ll get excellent and specific feedback.”

UW Professor Suresh Kotha, one of the co-founders of the conference, seconded that sentiment. “Feedback from your peers helps crystallize the research question you’re asking,” he said. “And the questions from the audience are insightful and constructive. Generally about a third of papers presented at this conference will be published in top-tier journals.”

The Conference partners include the center for Innovation and Entrepreneurship (University of Washington), the Lloyd Greif Center for Entrepreneurial Studies (USC), the Stanford Technology Ventures Program (Stanford), the Lundquist Center for Entrepreneurship (University of Oregon), and the Don Beall Center for Innovation and Entrepreneurship (UC Irvine). The Kauffman Foundation provides additional financial support.

The Call for Papers for the 2010 WCRS will be in February 2010.