This paper proposes a model of the choice to commercialize research and of the amount and type of pre-commercial research to perform, of the timing of commercialization by an academic scientist, and analyzes the returns and costs of these choices. The behavior and performance of the academic...

We define academic Entrepreneurship here as the creation of new businesses based on university-developed knowledge. We review the legislative and organizational interventions enacted to foster academic entrepreneurship; the form, magnitude and performance of this activity; and the tradeoffs...