Florenta Teodoridis

Associate Professor, Strategy

Marshall School of Business

University of Southern California

About

My main areas of interest are the economics of innovation and science, creativity and the impact of technology on society. I investigate factors that influence the rate and direction of technological advancements, such as research tools, collaborations and breadth and depth of expertise, and the impact of technological advancements, such as artificial intelligence and quantum computers, on business strategy and productivity.

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Latest Research

Company and University Innovation during an Industry Incubation Phase:
Evidence from Quantum Computing

Uncovering factors that shape the trajectories of technologies during the incubation stage is crucial for maximizing value creation potential. Yet, existing studies have predominantly focused on characterizing innovation activities in later industry stages after a technology has already become commercially viable, largely due to difficulties of obtaining incubation stage data. In this study, we document incubation stage innovation efforts in quantum computing guided by insights from the existing literature on industry evolution, on university and company innovation, and on enabling technologies. Our analysis aligns with the hypothesized important roles of company innovation, collaboration between companies and universities, and reduction in demand and technological uncertainty during the incubation stage. It also highlights the critical importance of value capture strategies, which are essential yet challenging to develop during the incubation stage of enabling technologies.