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Biomedical Academic Entrepreneurship Through the SBIR Program
Toole, Andrew A.; Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
This paper considers the U.S. Small Business Innovation Research (SBIR) program as a policy fostering academic entrepreneurship. We highlight two main characteristics of the program that make it attractive as an entrepreneurship policy : early-stage financing and scientist involvement in...
Persistent link: https://www.econbiz.de/10005059052
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The contribution of corporate ventures to radical innovation
Czarnitzki, Dirk; Dick, Johannes M. H.; Hussinger, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form corporate ventures. Based on a sample of corporate and independent ventures in German manufacturing, we show that corporate ventures are more innovative than the control group, i.e. the...
Persistent link: https://www.econbiz.de/10008676483
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Business closure and financial loss: Who foots the bill? Evidence from German small business closures
Metzger, Georg - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
creditors. The findings suggest that creditors are better off when entrepreneurs have a clear picture of their own abilities and …
Persistent link: https://www.econbiz.de/10008494185
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Does interdisciplinarity lead to higher employment growth of academic spinoffs?
Müller, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
successful than single entrepreneurs? These questions are analysed using data on academic spinoffs in Germany. Firm success is … measured by employment growth. I find that team foundations have higher employment growth than single entrepreneurs. Team … heterogeneity in the academic origins of the founders do not play a significant role for the employment growth of academic spinoffs. …
Persistent link: https://www.econbiz.de/10008474661
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Matching of Individuals for Start-Ups: A Test of the O-Ring Theory
Müller, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
In this paper I analyse how individuals match for for the purpose of setting up a new firm. As a theoretical basis I use the O-ring theory introduced by Kremer (1993) and applied to new firms by Fabel (2004). The O-ring theory predicts that individuals segregate between firms according to their...
Persistent link: https://www.econbiz.de/10005097521
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Benefits of Control, capital structure and company growth
Mueller, Elisabeth - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
This paper studies the influence of the benefits of control on the capital structure and the growth of private companies for a sample of 8,964 UK companies with limited liability observed for up to 5 years. It is hypothesised that companies in which existing owners would lose more control if...
Persistent link: https://www.econbiz.de/10005097529
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Public R&D Policy: The Right Turns of the Wrong Screw? The Case of the German Biotechnology Industry
Fier, Andreas; Heneric, Oliver - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
The German biotechnology industry missed the accession of this key technology in the 1980s. Policy makers make different efforts to overcome shortcomings and recent gaps. Public funding schemes have been implemented to establish a flourish biotech industry in Germany. We assume that R&D policy...
Persistent link: https://www.econbiz.de/10005097735
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Human capital and successful academic spin-off
Müller, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006
Academic spin-offs are one way in which employability of university graduates is reflected. Using the ZEW spinoff …-survey, this paper studies empirically the impact of human capital on the success of academic spinoffs founding in knowledge and … that it is advantageous to found within a team, but that the human capital composition both for single entrepreneurs and …
Persistent link: https://www.econbiz.de/10005097737
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On the Role of Entrepreneurial Experience for Start-up Financing: An Empirical Investigation for Germany
Metzger, Georg - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007
Entrepreneurs are often faced with problems regarding start-up financing. But compared to novice entrepreneurs …, experienced entrepreneurs should have both more knowledge and better contacts, which should potentially reduce the occurrence of … entrepreneurs, who are of particular interest, the findings indicate that they cut back their financing demand and are more likely …
Persistent link: https://www.econbiz.de/10005097812
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Entrepreneurship Capital and Economic Performance
Audretsch, David B.; Keilbach, Max - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
The neoclassical model of the production function, as applied by Robert Solow to build the neoclassical model of growth, linked labor and capital to output. More recently, Romer and others have expanded the model to include measures of knowledge capital. In this paper we introduce a new factor,...
Persistent link: https://www.econbiz.de/10005098060