This paper estimates the effect of heterogeneous university funding stemming from the German Excellence Initiative on a regional firm's probability to innovate by using a multi-valued two-way fixed effects difference-in-differences model. The estimations show that funding an additional...

Novelty is a basic requirement of patent law. An inventor cannot obtain a patent if the invention exists in the “prior art,” a term that generally refers to knowledge and technology already in the public domain. Interestingly, an earlier-filed patent document qualifies as prior art as of its...

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...

This paper estimates the effect of heterogeneous university funding stemming from the German Excellence Initiative on a regional firm’s probability to innovate by using a multi-valued two-way fixed effects difference-in-differences model. The estimations show that funding an additional...

Geographical clusters of innovative activity are mediums for the efficient transfer of tacit knowledge and its effective translation into innovation. Their force of attraction stems from their ability to lower variable costs in innovative processes. Lower variable costs are the result of...

In his recent discussion of regional innovation systems (RIS), Philip Cooke outlines the two starkly different interpretations of regional innovation systems. (Regional Innovation Systems, Asymmetric Knowledge and the Legacies of Learning, Draft 2007). He notes in his review, "Clearly, there are...

Das deutsche Forschungssystem ist stark segmentiert, und es gibt Hinweise darauf, dass die Kooperation zwischen den verschiedenen Institutionen verbesserungsbedürftig ist. Insbesondere der Vernetzung von Wissenschaft und Wirtschaft stehen sehr oft Barrieren entgegen. Als bedeutende Hemmnisse...

MCDM methods are useful to obtain information and generate knowledge useful for decision-making processes in multidisciplinary contexts. Particularly, when conflicts occur, knowledge is the key to start negotiation processes between stakeholders in order to achieve consensual solutions. The...

The paper focuses on the role of Science Parks (SPs) as seedbeds of innovation. It investigates whether and to what extent locating inside a science park relates to the innovative output of tenant firms. The simple assessment methodology proposed relies on count data models, uses patents as...

In the following paragraphs we will discuss the "mapping of innovative clusters in national innovation systems". For this we have used a data set of almost 3.000 firms that participated in the first and fifth survey of the Mannheimer Innovation Survey (which is comparable with CIS data). The...