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declines by about 25 percent in the following 1 to 3 years. Patenting in important technologies, as well as a patent …
Persistent link: https://www.econbiz.de/10014372455
Administration (FDA) from 1985 to 2022. Our primary analyses focus on the 883 new molecular entities with at least one patent listed … in the FDA's Orange Book since 1985. While 9 percent of these drugs have a public-sector patent, only 2.5 percent have …
Persistent link: https://www.econbiz.de/10014512071
Evidence on the 'funding gap' for R&D is surveyed. The focus is on financial market reasons for underinvestment in R&D that persist even in the absence of externality-induced underinvestment. The conclusions are that 1) small and new innovative firms experience high costs of capital that are...
Persistent link: https://www.econbiz.de/10012469942
This paper evaluates whether the relative concentration of funding for small, research-oriented firms in a small number of high-tech industries is related to the differences across industries in the level of appropriability or capital constraints facing small firms. To do so, we exploit a novel...
Persistent link: https://www.econbiz.de/10012470860
We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This research strand has been very active over the past five years, generating important new findings, questioning some long-held beliefs, and creating its own puzzles. Our review...
Persistent link: https://www.econbiz.de/10012457990
Venture capital plays an important role in funding and shaping innovation outcomes, characterized by investors' deep knowledge of the technology, industry, and institutions, as well as their long-running relationships with the entrepreneurship and innovation community. China, in its pursuit of...
Persistent link: https://www.econbiz.de/10014635664
.S. Patent Office since 2001, we find that startups that win the patent "lottery" by drawing lenient examiners have, on average …, 55% higher employment growth and 80% higher sales growth five years later. Patent winners also pursue more, and higher … quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …
Persistent link: https://www.econbiz.de/10012455413
The speed with which Covid-19 vaccines were developed and their high-performance underlines how much society depends on the pace of scientific research and how effective science can be. This is especially the case for vaccines based on the new designer mRNA technology. We draw on this...
Persistent link: https://www.econbiz.de/10012585389
innovation policy--top-down vs. bottom-up priority setting, concentrated vs. distributed funding, patent policy, and managing …
Persistent link: https://www.econbiz.de/10012585399
together multiple human capital, government spending, and patent datasets. The U.S. Federal Government innovates along four …
Persistent link: https://www.econbiz.de/10012481764