The limited availability of private funding sources to support technology transfer activities represents a major barrier to the effective commercialization of university technologies. This working paper analyzes the key determinants of use of financial instruments by universities - such as seed...

Entrepreneurship in Japanese universities has changed radically over the last 15 years, following the introduction of an equivalent to the Bayh-Dole Act in 1999. However, it is still unclear whether Japanese entrepreneurship is working. There are some publications that focus on the...

We review and condense the body of literature on the economic returns of public R&D on private R&D and find that: (i) private returns to R&D appear to be large and larger than the returns to alternative investments; (ii) private R&D and R&D subsidies are positively correlated and there is no...

We review and condense the body of literature on the economic returns of public R&D on private R&D and find that: (i) private returns to R&D appear to be large and larger than the returns to alternative investments; (ii) private R&D and R&D subsidies are positively correlated and there is no...

This study examines the impact of public subsidies, and specifically, Small Business Innovation Research (SBIR) awards on university spinoff companies. Using unique data for a population of University of California spinoffs, we find pronounced differences between companies commercializing...