We present a model of science-based entrepreneurship where ideas initially produced by researchers with high-level knowledge capital may be developed by high-ability entrepreneurs. With moderate investment costs, startups continuously managed by inventors-founders coexist in equilibrium with...

This paper reports the initial findings from large scale surveys of the scientists based in Japan and the US on the knowledge creation process in science from a comparative perspective. The survey in Japan was jointly conducted by the Institute of Innovation Research (IIR) of Hitotsubashi...