Evaluation of the Oklahoma State Innovation Evaluation Center

Abstract

Scope and Method of Study: This study performs an evaluation of the performance of the Oklahoma State Innovation Evaluation Center as compared to historical data, the Oregon Innovation Center and its capacity to aid inventors and innovators. The data are the success projections from the Oregon and Oklahoma State Innovation Center obtained from their reports to the National Science Foundation and historical survival rates taken from literature. A comparison of the data given to client inventors and innovators is compared with factors causing new venture failures.

Findings and Conclusions: The Oklahoma State Innovation Evaluation Center is able to evaluate the probable success of a new venture by an inventor or innovator attempting to capitalize on his or her invention. The Oklahoma State Center gives an overall success projection greater than that of the Oregon Center on which it was modeled, but does not differ significantly from the historical success rates. The output to the clients does not, however, deal with the major problems facing them.