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Does inventor ownership encourage university research-derived entrepreneurship? A six university comparison

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  • Kenney, Martin
  • Patton, Donald
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    Abstract

    This paper examines whether university ownership of inventions made by its personnel best serves the widely held social goals of encouraging technology commercialization and entrepreneurship. Using a hand-collected census of technology-based university spin-offs from six universities, one of which is the University of Waterloo and the only inventor ownership university in North America, we compare the number and type of spin-offs produced by these universities. We find suggestive evidence that inventor ownership universities can be more efficient in generating spin-offs on both per faculty and per R&D dollar expended perspective. We find that the field of computer sciences and electrical engineering generates a greater number of spin-offs than do our other two categories - the biomedical sciences, and the field of engineering and the physical sciences. In general, our results demonstrate that inventor ownership can be extremely productive of spin-offs. From these results, we suggest that governments seeking to encourage university invention commercialization and entrepreneurship should experiment with an inventor ownership system.

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    Bibliographic Info

    Article provided by Elsevier in its journal Research Policy.

    Volume (Year): 40 (2011)
    Issue (Month): 8 (October)
    Pages: 1100-1112

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    Handle: RePEc:eee:respol:v:40:y:2011:i:8:p:1100-1112

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

    Related research

    Keywords: Bayh-Dole Act Inventor ownership University technology licensing Entrepreneurship;

    References

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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:
    1. Francesco LISSONI (GREThA, CNRS, UMR 5113) & Michele PEZZONI (KITeS, University of Bocconi) & Bianca POTI (CERIS-CNR) & Sandra ROMAGNOSI (Parco Scientifico Università \"Tor Vergata\"), 2012. "University autonomy, IP legislation and academic patenting: Italy, 1996-2007," Cahiers du GREThA 2012-26, Groupe de Recherche en Economie Théorique et Appliquée.
    2. Novotny, Ádám, 2013. "Az egyetemi-ipari technológiatranszfer sajátosságai Magyarországon
      [The features of university-industry technology transfer in Hungary]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 1119-1139.
    3. 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.

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