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Inside or outside the IP system? Business creation in academia

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  • Fini, Riccardo
  • Lacetera, Nicola
  • Shane, Scott

Abstract

Research and public policy on academic entrepreneurship are largely based on the assumption that faculty members start businesses to commercialize inventions that have been disclosed to university administrators and have been patented. In this paper, we analyze a sample of 11,572 professors and find that much academic entrepreneurship occurs outside the university intellectual property system. Specifically, about 2/3 of businesses started by academics are not based on disclosed and patented inventions. Moreover, we show that individual characteristics, departmental and organizational affiliations, and time allocation of academics that have started business outside the IP system are different from those of academics that have started businesses to exploit disclosed and patented inventions. We discuss the implications for research on and the practice of academic entrepreneurship.

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Bibliographic Info

Article provided by Elsevier in its journal Research Policy.

Volume (Year): 39 (2010)
Issue (Month): 8 (October)
Pages: 1060-1069

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Handle: RePEc:eee:respol:v:39:y:2010:i:8:p:1060-1069

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

Related research

Keywords: Academic entrepreneurship Business creation Knowledge transfer;

References

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Citations

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Cited by:
  1. Kenney, Martin & Patton, Donald, 2011. "Does inventor ownership encourage university research-derived entrepreneurship? A six university comparison," Research Policy, Elsevier, vol. 40(8), pages 1100-1112, October.
  2. Fini, Riccardo & Grimaldi, Rosa & Santoni, Simone & Sobrero, Maurizio, 2011. "Complements or substitutes? The role of universities and local context in supporting the creation of academic spin-offs," Research Policy, Elsevier, vol. 40(8), pages 1113-1127, October.
  3. Lawson, Cornelia, 2012. "Academic inventions outside the university: A result of industry sponsorship or entrepreneurial activities?," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201216, University of Turin.
  4. Abreu, Maria & Grinevich, Vadim, 2013. "The nature of academic entrepreneurship in the UK: Widening the focus on entrepreneurial activities," Research Policy, Elsevier, vol. 42(2), pages 408-422.
  5. Jacobsson, Staffan & Lindholm-Dahlstrand, Åsa & Elg, Lennart, 2013. "Is the commercialization of European academic R&D weak?—A critical assessment of a dominant belief and associated policy responses," Research Policy, Elsevier, vol. 42(4), pages 874-885.
  6. Sauermann, Henry & Roach, Michael, 2013. "Increasing web survey response rates in innovation research: An experimental study of static and dynamic contact design features," Research Policy, Elsevier, vol. 42(1), pages 273-286.

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