Entrepreneurship involves innovation and uncertainty. We outline a theory of entrepreneurship, which highlights the … importance of social networks in promoting innovation and reducing uncertainty. Our findings suggest that this “social” aspect of …

development. It is predicated on the spillover of knowledge from universities to commercialization. The literature has focused on … demand for university-based knowledge and university-developed technology. We identify links between businesses and the … university as a key conduit facilitating the spillover of knowledge using data on the Department of Energy’s Small Business …