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), academic commercialization (patenting, licensing, and start-ups) and traditional academic scholarship. It exploits large … faculty) and important than is academic commercialization (at 19% of faculty). Academic engagement generates 15-20 times the … research funds than academic commercialization does, but both continue to be dwarfed by public funding. We find evidence of …
Persistent link: https://www.econbiz.de/10012479212
commercialization; entrepreneurship or licenses to established firms, as well as on probabilities of successful commercialization. We … advantage over faculty startups, and that on average the probability of successful commercialization is somewhat higher in the …
Persistent link: https://www.econbiz.de/10012460679
Using a comprehensive linked employer-employee database from Brazil for the period 1995-2001, we are able for the first time to compare firms founded as employee spinoffs to new firms without parents and to diversification ventures of existing firms entering a new industry. Employee spinoffs are...
Persistent link: https://www.econbiz.de/10012463012
In this paper we study how the existence of a functioning market for technology differentially conditions the entry strategy and survival of different types of entrants, and the role of scale, marketing ability and technical assets. Markets for technology facilitate entry of firms that lack...
Persistent link: https://www.econbiz.de/10012465005
We propose a theory of firm dynamics in which workers have ideas for new projects that can be sold in a market to existing firms or implemented in new firms: spin-offs. Workers have private information about the quality of their ideas. Because of an adverse selection problem, workers can sell...
Persistent link: https://www.econbiz.de/10012465455
National policies take varied approaches to encouraging university-based innovation. This paper studies a natural experiment: the end of the "professor's privilege" in Norway, where university researchers previously enjoyed full rights to their innovations. Upon the reform, Norway moved toward...
Persistent link: https://www.econbiz.de/10012456617
We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs. Without finance constraints, enforcement of non-compete agreements unambiguously improves social welfare outcomes, and even increases the rate of spinoffs from original firms....
Persistent link: https://www.econbiz.de/10012457600
Recently collected data show that, within any manufacturing industry, vertically integrated firms tend to have larger, higher productivity plants, account for the bulk of sales, and also sell externally most of the inputs they produce. In a weak contracting environment characteristic of...
Persistent link: https://www.econbiz.de/10012458936
Startups in IT and life sciences appear to be flourishing. However, startups in other sectors, such as new materials, automation, and eco-innovations, which are often called "deep tech", seem to struggle. We argue that innovations with both technical and commercial challenges, typical of deep...
Persistent link: https://www.econbiz.de/10012814429
Which factors shape the commercialization of academic scientific discoveries via startup formation? Prior literature … precisely examine characteristics that predict startup commercialization. In this framework, several commonly-accepted factors … appear not to influence commercialization. However, we find that teams of academic scientists whose former collaborators …
Persistent link: https://www.econbiz.de/10012482422