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Measuring the Commercial Potential of Science

Masclans, Roger; Hasan, Sharique; Cohen, Wesley M. - National Bureau of Economic Research - 2024

This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...

Persistent link: https://www.econbiz.de/10014512116

More than an Ivory Tower : The Impact of Research Institutions on the Quantity and Quality of Entrepreneurship

Tartari, Valentina; Stern, Scott - National Bureau of Economic Research - 2021

ecosystems. Assessing the impact of research institutions on entrepreneurship is challenging, given that these institutions are … measure both the quantity and quality-adjusted quantity of entrepreneurship at the zip-code level on an annual basis. We then … the quality-adjusted quantity of entrepreneurship. In contrast, increases in non-research funding to universities and …

Persistent link: https://www.econbiz.de/10012533395

Who is Selling the Ivory Tower? Sources of Growth in University Licensing

Thursby, Jerry G. - 2000

Historically, commercial use of university research has been viewed in terms of spillovers. Recently, there has been a dramatic increase in technology transfer through licensing as universities attempt to appropriate the returns from faculty research. This change has prompted concerns regarding...

Persistent link: https://www.econbiz.de/10012471043

Inventor Moral Hazard in University Licensing : The Role of Contracts

Dechenaux, Emmanuel - 2008

We examine commonly observed forms of payment, such as milestones, royalties, or consulting contracts as ways of engaging inventors in the development of licensed inventions. Our theoretical model shows that when milestones are feasible, royalties are not optimal unless the licensing firm is...

Persistent link: https://www.econbiz.de/10012464422

Shirking, Sharing Risk, and Shelving : The Role of University License Contracts

Thursby, Marie - 2005

In this paper, we develop a theoretical model of university licensing to explain why university license contracts often include payment types that differ from the fixed fees and royalties typically examined by economists. Our findings suggest that milestone payments and annual payments are...

Persistent link: https://www.econbiz.de/10012467557

The Geographic Reach of Market and Non-Market Channels of Technology Transfer : Comparing Citations and Licenses of University Patents

Mowery, David C. - 2001

The growth of high-technology clusters in the United States suggests the presence of strong regional agglomeration effects that reflect proximity to universities or other research institutions. Using data on licensed patents from the University of California, Stanford University, and Columbia...

Persistent link: https://www.econbiz.de/10012470150

University Invention, Entrepreneurship, and Start-Ups

Chukumba, Celestine - 2005

This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start-up firm rather than an established firm. The model predicts that university inventions are more likely to occur in start-ups when the technology transfer officers (TTOs) search cost...

Persistent link: https://www.econbiz.de/10012467204

Biomedical Academic Entrepreneurship Through the SBIR Program

Toole, Andrew A. - 2005

entrepreneurship. We highlight two main characteristics of the program that make it attractive as an entrepreneurship policy: early … the incidence of biomedical entrepreneurship through SBIR and describe some of the characteristics of these individuals …

Persistent link: https://www.econbiz.de/10012467229

Academic Engagement, Commercialization, and Scholarship : Empirical Evidence from Agricultural and Life Scientists at U.S. Land-grant Universities

Barham, Bradford L. - 2020

This article examines the involvement of agricultural and life science faculty at U.S. land grant universities in two types of university-industry relations: academic engagement (sponsored research, industry collaborations, and presentations), academic commercialization (patenting, licensing,...

Persistent link: https://www.econbiz.de/10012479212

Why Does the U.S. Have the Best Research Universities? Incentives, Resources, and Virtuous Circles

MacLeod, W. Bentley - 2020

Around 1875 the U.S. had none of the world's leading research universities; today, it accounts for the majority of the top-ranked. Many observers cite events surrounding World War II as the source of this reversal. We present evidence that U.S. research universities had surpassed most countries'...

Persistent link: https://www.econbiz.de/10012482497

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