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Analyzing the Effectiveness of University Technology Transfer: Implications for Entrepreneurship Education

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Author Info
Donald S. Siegel () (Department of Economics, Rensselaer Polytechnic Institute, Troy, NY 12180-3590, USA)
Phillip H. Phan () (Lally School of Management & Technology, Rensselaer Polytechnic Institute, Troy, NY 12180-3590, USA)

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Abstract

We review and synthesize the burgeoning literature on institutions and agents engaged in the commercialization of university-based intellectual property. These studies indicate that institutional incentives and organizational practices both play an important role in enhancing the effectiveness of technology transfer. We conclude that university technology transfer should be considered from a strategic perspective. Institutions that choose to stress the entrepreneurial dimension of technology transfer need to address skill deficiencies in technology transfer offices (TTOs), reward systems that are inconsistent with enhanced entrepreneurial activity, and education/training for faculty members, post-docs, and graduate students relating to interactions with entrepreneurs. Business schools at these universities can play a major role in addressing these skill and educational deficiencies, through the delivery of targeted programs to technology licensing officers and members of the campus community wishing to launch startup firms.

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Paper provided by Rensselaer Polytechnic Institute, Department of Economics in its series Rensselaer Working Papers in Economics with number 0426.

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Date of creation: Dec 2004
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Handle: RePEc:rpi:rpiwpe:0426

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Find related papers by JEL classification:
M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O32 - Economic Development, Technological Change, and Growth - - Technological Change - - - Management of Technological Innovation and R&D

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Saul Lach & Mark Schankerman, 2004. "Royalty Sharing and Technology Licensing in Universities," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 252-264, 04/05. [Downloadable!] (restricted)
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  7. Louis, Karen Seashore, et al, 2001. " Entrepreneurship, Secrecy, and Productivity: A Comparison of Clinical and Non-clinical Life Sciences Faculty," The Journal of Technology Transfer, Springer, vol. 26(3), pages 233-45, June. [Downloadable!] (restricted)
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  15. Zucker, Lynne G & Darby, Michael R, 2001. " Capturing Technological Opportunity via Japan's Star Scientists: Evidence from Japanese Firms' Biotech Patents and Products," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 37-58, January. [Downloadable!] (restricted)
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  24. Link, Albert N & Link, Kevin R, 2003. " On the Growth of U.S. Science Parks," The Journal of Technology Transfer, Springer, vol. 28(1), pages 81-85, January. [Downloadable!] (restricted)
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  26. Bercovitz, Janet, et al, 2001. " Organizational Structure as a Determinant of Academic Patent and Licensing Behavior: An Exploratory Study of Duke, Johns Hopkins, and Pennsylvania State Universities," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 21-35, January. [Downloadable!] (restricted)
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  29. 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). [Downloadable!]
    Other versions:
  30. Bray, Michael J. & Lee, James N., 2000. "University revenues from technology transfer: Licensing fees vs. equity positions," Journal of Business Venturing, Elsevier, vol. 15(5-6), pages 385-392. [Downloadable!] (restricted)
  31. Joanna Poyago-Theotoky & John Beath & Donald S. Siegel, 2002. "Universities and Fundamental Research: Reflections on the Growth of University--Industry Partnerships," Oxford Review of Economic Policy, Oxford University Press, vol. 18(1), pages 10-21, Spring.
    Other versions:
  32. Jensen, Richard A. & Thursby, Jerry G. & Thursby, Marie C., 2003. "Disclosure and licensing of University inventions: 'The best we can do with the s**t we get to work with'," International Journal of Industrial Organization, Elsevier, vol. 21(9), pages 1271-1300, November. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Albert N. Link & Donald S. Siegel & Barry Bozeman, 2006. "An Empirical Analysis of the Propensity of Academics to Engage in Informal University Technology Transfer," Rensselaer Working Papers in Economics 0610, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
  2. Réjean Landry & Nabil Amara & Malek Saïhi, 2007. "Patenting and spin-off creation by Canadian researchers in engineering and life sciences," The Journal of Technology Transfer, Springer, vol. 32(3), pages 217-249, June. [Downloadable!] (restricted)
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