I wrote a feature article for the Fall issue of the Berkeley Science Review (BSR) about the resources available for PhDs when they want to turn their research into companies.Here it is : Cyclotron Valley
Both research and entrepreneurship also require another crucial skill—flexibility. The academic must choose from many potential research paths and be prepared to alter his or her plans when experiments predictably don’t work. In the parlance of Silicon Valley, this is known as the pivot—an attempt to assess the validity of your current direction and then use that knowledge to devise another idea that works better.
This is part of my involvement with the Berkeley Postdoc Entrepreneurial Program (BPEP), the first association promoting entrepreneurship among skilled researchers, run by volunteers.edit 12/20/15 : I’ve just read The Entrepreneurial State by Mariana Mazzucato. Quite interesting discussion on the (true) origin of innovation. Here’s a video that roughly summarizes the book.