Are Faculty Critical? Their Role in University-Industry Licensing
AbstractUnderstanding the nature of the involvement of faculty in university licensing is im-portant for understanding how technology is transferred through licensing as well as more controversial issues, such as the need for university licensing. Using data from a survey of firms that actively license-in from universities we explore the importance of faculty in the licensing and development of inventions, as well as how and why they are used and how the use of faculty relates to characteristics of firms. In particular we find that the use of faculty through sponsored research in lieu of a license is closely related to the amount of basic research conducted by firms whereas the use of faculty within the terms of a license is related to the prevalence of personal contacts between industry R&D researchers and university faculty.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 9991.
Date of creation: Sep 2003
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Other versions of this item:
- Jerry G. Thursby & Marie C. Thursby, 2004. "Are Faculty Critical? Their Role in University-Industry Licensing," Contemporary Economic Policy, Western Economic Association International, vol. 22(2), pages 162-178, 04.
- Jerry G. Thursby & Marie C. Thursby, 2003. "Are Faculty Critical? Their Role in University-Industry Licensing," Emory Economics 0320, Department of Economics, Emory University (Atlanta).
- J0 - Labor and Demographic Economics - - General
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-07-18 (All new papers)
- NEP-INO-2003-09-28 (Innovation)
- NEP-LAB-2003-09-28 (Labour Economics)
- NEP-TID-2003-09-28 (Technology & Industrial Dynamics)
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