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What drives scientists to start their own company?: An empirical investigation of Max Planck Society scientists

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  • Krabel, Stefan
  • Mueller, Pamela

Abstract

Studies on academic spin-off companies have shown that the researchers' scientific potential, experience and established networks with other scientists or companies affect entrepreneurial activity. Most studies investigate official data such as patents and citations or qualitatively study a research group or spin-off formation. Only a few studies focus on the individual scientist. Our study fills this gap by analyzing survey interviews of 2604 scientists working for the Max Planck Society in Germany. Our empirical results indicate that the entrepreneurial activities of scientists heavily depend on patenting activity, entrepreneurial experience, and personal opinions about the benefits of commercializing research and close personal ties to industry.

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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 38 (2009)
Issue (Month): 6 (July)
Pages: 947-956

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Handle: RePEc:eee:respol:v:38:y:2009:i:6:p:947-956

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Web page: http://www.elsevier.com/locate/respol

Related research

Keywords: Academic entrepreneurship Nascent entrepreneurship Knowledge transfer University Industry;

References

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Citations

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Cited by:
  1. Michael Fritsch & Stefan Krabel, 2009. "Ready to Leave the Ivory Tower? - Academic Scientists' Appeal to Work in the Private Sector," Jena Economic Research Papers 2009-063, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  2. Landry, Réjean & Saïhi, Malek & Amara, Nabil & Ouimet, Mathieu, 2010. "Evidence on how academics manage their portfolio of knowledge transfer activities," Research Policy, Elsevier, vol. 39(10), pages 1387-1403, December.
  3. Andrea Bonaccorsi & Luca Secondi & Enza Setteducati & Alessio Ancaiani, 2014. "Participation and commitment in third-party research funding: evidence from Italian Universities," The Journal of Technology Transfer, Springer, vol. 39(2), pages 169-198, April.
  4. Perkmann, Markus & Tartari, Valentina & McKelvey, Maureen & Autio, Erkko & Broström, Anders & D’Este, Pablo & Fini, Riccardo & Geuna, Aldo & Grimaldi, Rosa & Hughes, Alan & Krabel, Stefan & Kitson,, 2013. "Academic engagement and commercialisation: A review of the literature on university–industry relations," Research Policy, Elsevier, vol. 42(2), pages 423-442.
  5. Goethner, Maximilian & Obschonka, Martin & Silbereisen, Rainer K. & Cantner, Uwe, 2012. "Scientists’ transition to academic entrepreneurship: Economic and psychological determinants," Journal of Economic Psychology, Elsevier, vol. 33(3), pages 628-641.
  6. Lam, Alice, 2011. "What motivates academic scientists to engage in research commercialization: ‘Gold’, ‘ribbon’ or ‘puzzle’?," Research Policy, Elsevier, vol. 40(10), pages 1354-1368.
  7. Rajeev Goel & Devrim Göktepe-Hultén, 2013. "Nascent entrepreneurship and inventive activity: a somewhat new perspective," The Journal of Technology Transfer, Springer, vol. 38(4), pages 471-485, August.
  8. Clarysse, Bart & Tartari, Valentina & Salter, Ammon, 2011. "The impact of entrepreneurial capacity, experience and organizational support on academic entrepreneurship," Research Policy, Elsevier, vol. 40(8), pages 1084-1093, October.
  9. Einar Rasmussen & Paul Benneworth & Magnus Gulbrandsen, 2013. "Scoping paper: Developing University Innovation Capacity: How can innovation policy effectively harness universities’ capability to promote high-growth technology businesses?," Working Papers on Innovation Studies 20131007, Centre for Technology, Innovation and Culture, University of Oslo.
  10. Ugo Rizzo & Francesco Nicolli & Laura Ramaciotti, 2014. "The Heterogeneity of the Development Process of New Technology-Based Firms. Implication for Innovation Policies," Journal of the Knowledge Economy, Springer, vol. 5(1), pages 114-132, March.
  11. Donna Kidwell, 2014. "Navigating the role of the principal investigator: a comparison of four cases," The Journal of Technology Transfer, Springer, vol. 39(1), pages 33-51, February.
  12. Hugo Pinto, 2011. "Knowledge Transfer in the Mirror: Reflections on the Determinants of Research Groups and Companies Collaborative Patterns within Andalusia's Regional Innovation System," ERSA conference papers ersa11p212, European Regional Science Association.

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