Technology Based Academic Entrepreneurship : How Little We Know

Developing new innovations is at the core of what research universities do. While it is common knowledge that universities are an integral part of creating new innovations, what is not so well known is how these innovations make their way to commercialization. There are very few studies that provide understanding into the role and impact of technology based academic entrepreneurship. This paper systematically goes through the major areas of the literature and identifies the important knowledge gaps. It parcels the literature into four main areas: (1) university technology transfer, (2) business-science faculty interface, (3) venture capital, and (4) complementary assets. At the end of the paper a new model of technology based entrepreneurship is offered. The end result of this paper is a significant contribution to the understanding of where the knowledge gaps in technology based academic entrepreneurship exist and what areas need particular scholarly attention