We are interested in novel solutions to addressing the “valley of death” phenomenon in technology commercialization - where innovations become stranded between public funding focused on basic science and private funding focused on market-ready opportunities. In this study, we draw on recent research in organizational design and "hybrid" organizations to propose a novel model for bridging the “logics” that commonly come into conflict as an innovation moves from lab to market. The result of our model is a technology commercialization process based on university-hybrid-firm triads that both helps explain puzzling findings from past research and generates empirically testable propositions that will contribute to the growth of this important area of research.
