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Knowledge-based Entrepreneurship: The Organizational Side of Technology Commercialization

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  • U. Witt

    ()

  • C. Zellner

Abstract

New knowledge with commercial potential is continually created in academic institutions. How is it turned into economically valuable businesses? This paper argues that the transfer is an entrepreneurial process. To understand this, the actions and the constraints characteristic for the entrepreneurial reshaping of the division of labor must be recognized. In the case of knowledge-based entrepreneurship, specific constraints result from the peculiarities of scientific knowledge - epitomized by contrasting tacit and encoded knowledge. Scientifically trained labor is required for transferring both forms of knowledge. However, the mode of transfer differs crucially and shapes the organizational form of commercializing new scientific knowledge.

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Bibliographic Info

Paper provided by Philipps University Marburg, Department of Geography in its series Papers on Economics and Evolution with number 2005-04.

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Date of creation: May 2005
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Handle: RePEc:esi:evopap:2005-04

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  1. Wesley M. Cohen & Richard R. Nelson & John P. Walsh, 2002. "Links and Impacts: The Influence of Public Research on Industrial R&D," Management Science, INFORMS, INFORMS, vol. 48(1), pages 1-23, January.
  2. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 99(397), pages 569-96, September.
  3. Henrekson, Magnus & Rosenberg, Nathan, 2000. "Designing Efficient Institutions for Science-Based Entrepreneurship: Lessons from the US and Sweden," Working Paper Series in Economics and Finance, Stockholm School of Economics 410, Stockholm School of Economics.
  4. repec:cup:cbooks:9780521684156 is not listed on IDEAS
  5. Paula E. Stephan, 1996. "The Economics of Science," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 34(3), pages 1199-1235, September.
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Cited by:
  1. Alexander Coad & Rekha Rao, 2007. "Firm Growth and R&D Expenditure," Papers on Economics and Evolution, Philipps University Marburg, Department of Geography 2007-10, Philipps University Marburg, Department of Geography.
  2. Thierry BURGER-HELMCHEN & Claude GUITTARD, 2008. "Are Users The Next Entrepreneurs? A Case Study On The Video Game Industry," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg 2008-14, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  3. U. Witt, 2005. "Firms as Realizations of Entrepreneurial Visions," Papers on Economics and Evolution, Philipps University Marburg, Department of Geography 2005-10, Philipps University Marburg, Department of Geography.
  4. Tom Broekel & Thomas Brenner, 2007. "Measuring Regional Innovativeness - A Methodological Discussion and an Application to One German Industry," Jena Economic Research Papers, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics 2007-065, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  5. Ulrich Witt & Christian Zellner, 2009. "How firm organizations adapt to secure a sustained knowledge transfer," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 18(7), pages 647-661.
  6. Thierry Burger-helmchen & Patrick Llerena, 2008. "A case study of a creative start-up: governance, communities and knowledge management," Journal of Innovation Economics, De Boeck Université, De Boeck Université, vol. 0(2), pages 125-146.
  7. Thierry BURGER-HELMCHEN, 2008. "Plural-entrepreneurial activity for a single start-up: a case study," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg 2008-01, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

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