← Economics, Policy & Strategy for the Future College

Business Development & Ventures Department

The Business Development & Ventures Department trains students to convert research outputs into real market value. Through project-based coursework in IP and patent strategy, licensing-deal design, spin-off company formation, and structuring industry partnerships and public-private collaborations, students carry the experience of having identified lab-stage technologies, shaped them into business models, and led investment and partnership negotiations straight into the job market.

⚙️ GeoAcademy System Administration College 🖥️ AI & Computing Sciences College 🔬 Basic Sciences College ⚡ Intelligent Geophysical Exploration College 🛢️ Resource & Energy Engineering College 🌍 Applied Geoscience Solutions College 💼 Economics, Policy & Strategy for the Future College 🎓 Education & Training Development College 🚀 Innovation & International Collaboration College

Energy Economics & Market Analysis Department Policy Analysis & Regulation Department Strategic Planning & Foresight Department Business Development & Ventures Department Future Studies & Technology Foresight Department

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⭐ Schumpeter

Chair

💡 Innovation Economics & Creative Destruction

Researchers (real GeoVerse Lab members) 18

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1675–1734

Richard Cantillon

Researcher

💡 Formulated the earliest systematic theory of the entrepreneur as the economic agent who bears uncertainty by buying at known prices and selling at uncertain ones

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1952–2020

Clayton Christensen

Researcher

💡 Developed the theory of disruptive innovation explaining how simpler, cheaper entrant offerings displace established incumbents

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1931–2004

Everett Rogers

Researcher

💡 Originated diffusion of innovations theory, the adopter-category model, and the concept of the early adopter

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1921–2010

Christopher Freeman

Researcher

💡 Founded the national innovation systems framework and led the neo-Schumpeterian school of innovation studies

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1910–2013

Ronald Coase

Researcher

💡 Founded transaction cost economics and the theory of the firm, explaining why firms exist as alternatives to market contracting

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1939–2024

Michael Jensen

Researcher

💡 Co-founded modern agency theory of the firm, formalizing agency costs between owners and managers

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1914–1996

Edith Penrose

Researcher

💡 Founded the resource-based theory of firm growth, explaining growth as bounded by managerial resources

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1912–1991

Joe S. Bain

Researcher

💡 Founded the structure-conduct-performance paradigm of industrial organization and the theory of entry barriers

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1902–1983

Fritz Machlup

Researcher

💡 Pioneered the economics of information and knowledge, and produced the classic economic evaluation of the patent system

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1930–1999

Zvi Griliches

Researcher

💡 Pioneered econometric measurement of R&D's contribution to productivity growth and the use of patent statistics as innovation indicators

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1899–1987

Georges Doriot

Researcher

💡 Founded American Research and Development Corporation, the first institutional venture capital firm, earning the title 'father of venture capital'

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1938–1995

Fischer Black

Researcher

💡 Co-developed the Black-Scholes option pricing model, the mathematical foundation later extended to real options valuation

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1925–2006

Theodore Levitt

Researcher

💡 Argued in 'Marketing Myopia' that firms must define their business by customer needs rather than the product they happen to sell

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1842–1924

Alfred Marshall

Researcher

💡 Founded neoclassical microeconomics and identified external economies of industrial districts, the theoretical root of modern innovation clusters

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1930–2016

Reinhard Selten

Researcher

💡 Refined non-cooperative game theory with subgame perfection and founded experimental economics, applying bounded rationality to strategic business interaction

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1918–2002

Igor Ansoff

Researcher

💡 Founded strategic management as a discipline and created the product-market growth matrix for evaluating diversification strategy

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1863–1935

Arthur Dehon Little

Researcher

💡 Founded Arthur D. Little, the world's first management consulting firm, and coined 'unit operations' in chemical engineering

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1894–1976

Benjamin Graham

Researcher

💡 Founded security analysis and value investing, establishing margin-of-safety valuation methods central to investment due diligence