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Is the US Outperforming Europe in University Technology Licensing? A New Perspective on the European Paradox

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  • Annamaria Conti
  • Patrick Gaulé

Abstract

Europe is perceived to be lagging behind the US in converting its academic results into economic outcomes. Using new survey data on European and US Technology Transfer Offices (TTOs), we find that differences in academic research, TTO staff and experience explain to a great extent the gap between the US and Europe in terms of the number of license agreements concluded. However, these factors account for only part of the difference in license income. We relate the difference in licensing income to differences in the organization and staffing of TTOs. Our analysis reveals that US TTOs do not attach more importance to generating revenue as an objective than their European counterparts. However, they employ more staff with experience in industry which explains some of the remaining differential in license income performance.

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Paper provided by DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies in its series DRUID Working Papers with number 10-04.

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Date of creation: 2010
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Handle: RePEc:aal:abbswp:10-04

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  1. Thursby, Jerry G & Jensen, Richard & Thursby, Marie C, 2001. " Objectives, Characteristics and Outcomes of University Licensing: A Survey of Major U.S. Universities," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 59-72, January.
  2. AfDB AfDB, . "AfDB Group Annual Report 2005," Annual Report, African Development Bank, number 61 edited by Koua Louis Kouakou, 7.
  3. Saul Lach & Mark Schankerman, 2003. "Incentives and Invention in Universities," NBER Working Papers 9727, National Bureau of Economic Research, Inc.
  4. Belenzon, Sharon & Schankerman, Mark, 2007. "Harnessing Success: Determinants of University Technology Licensing Performance," CEPR Discussion Papers 6120, C.E.P.R. Discussion Papers.
  5. Donald Siegel & Mike Wright & Wendy Chapple & Andy Lockett, 2008. "Assessing The Relative Performance Of University Technology Transfer In The Us And Uk: A Stochastic Distance Function Approach," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 17(7-8), pages 717-729.
  6. Bauwens, Luc & Mion, Giordano & Thisse, Jacques-François, 2008. "The Resistible Decline of European Science," CEPR Discussion Papers 6625, C.E.P.R. Discussion Papers.
  7. Friedman, Joseph & Silberman, Jonathan, 2003. " University Technology Transfer: Do Incentives, Management, and Location Matter?," The Journal of Technology Transfer, Springer, vol. 28(1), pages 17-30, January.
  8. Philippe Aghion & Mathias Dewatripont & Caroline M. Hoxby & Andreu Mas-Colell & André Sapir, 2009. "The Governance and Performance of Research Universities: Evidence from Europe and the U.S," NBER Working Papers 14851, National Bureau of Economic Research, Inc.
  9. Giovanni Dosi & Patrick Llerena & Mauro Sylos Labin, 2005. "Science-Technology-Industry Links and the ”European Paradox”: Some Notes on the Dynamics of Scientific and Technological Research in Europe," Working Papers of BETA 2005-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  10. Gustavo A. Crespi & Aldo Geuna & Bart Verspagen, 2007. "University IPRs and Knowledge Transfer. Is the IPR ownership model more efficient?," ICER Working Papers 02-2007, ICER - International Centre for Economic Research.
  11. Anselin, Luc & Varga, Attila & Acs, Zoltan, 1997. "Local Geographic Spillovers between University Research and High Technology Innovations," Journal of Urban Economics, Elsevier, vol. 42(3), pages 422-448, November.
  12. Marie Thursby & Richard Jensen, 2001. "Proofs and Prototypes for Sale: The Licensing of University Inventions," American Economic Review, American Economic Association, vol. 91(1), pages 240-259, March.
  13. Siegel, Donald S. & Waldman, David & Link, Albert, 2003. "Assessing the impact of organizational practices on the relative productivity of university technology transfer offices: an exploratory study," Research Policy, Elsevier, vol. 32(1), pages 27-48, January.
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Cited by:
  1. Wipo, 2011. "World Intellectual Property Report 2011- The Changing Face of Innovation," WIPO Economics & Statistics Series, World Intellectual Property Organization - Economics and Statistics Division, number 2011:944, March.

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