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University-industry technology transfer options: licensing or research joint venture?

  • Joanna Poyago-Theotoky


    (Rimini Center for Economic Analysis (RCEA) and Loughborough University, Department of Economics)

In recent years there has been an increasing trend in various forms of collaboration and technology transfer between industry and universities, such as licensing, spin-offs and research joint ventures. In this paper, I provide an explanation for the choice of licensing versus research joint venture as technology transfer options by a firm.

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Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 29 (2009)
Issue (Month): 4 ()
Pages: 2582-2591

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Handle: RePEc:ebl:ecbull:eb-09-00464
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  1. 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.
  2. Phan, Phillip H. & Siegel, Donald S., 2006. "The Effectiveness of University Technology Transfer," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 2(2), pages 77-144, November.
  3. Jerry G. Thursby & Marie C. Thursby, 2007. "University licensing," Oxford Review of Economic Policy, Oxford University Press, vol. 23(4), pages 620-639, Winter.
  4. James D. Adams & Eric P. Chiang & Katara Starkey, 2000. "Industry-University Cooperative Research Centers," NBER Working Papers 7843, National Bureau of Economic Research, Inc.
  5. Donald S. Siegel & Reinhilde Veugelers & Mike Wright, 2007. "Technology transfer offices and commercialization of university intellectual property: performance and policy implications," Oxford Review of Economic Policy, Oxford University Press, vol. 23(4), pages 640-660, Winter.
  6. 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.
  7. Powers, Joshua B. & McDougall, Patricia P., 2005. "University start-up formation and technology licensing with firms that go public: a resource-based view of academic entrepreneurship," Journal of Business Venturing, Elsevier, vol. 20(3), pages 291-311, May.
  8. Albert N. Link & John T. Scott, 2007. "The economics of university research parks," Oxford Review of Economic Policy, Oxford University Press, vol. 23(4), pages 661-674, Winter.
  9. Caloghirou, Yannis & Tsakanikas, Aggelos & Vonortas, Nicholas S, 2001. " Univeristy-Industry Cooperation in the Context of the European Framework Programmes," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 153-61, January.
  10. Wright, Mike & Lockett, Andy & Clarysse, Bart & Binks, Martin, 2006. "University spin-out companies and venture capital," Research Policy, Elsevier, vol. 35(4), pages 481-501, May.
  11. Franklin, Stephen J & Wright, Mike & Lockett, Andy, 2001. " Academic and Surrogate Entrepreneurs in University Spin-Out Companies," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 127-41, January.
  12. Motohashi, Kazuyuki, 2005. "University-industry collaborations in Japan: The role of new technology-based firms in transforming the National Innovation System," Research Policy, Elsevier, vol. 34(5), pages 583-594, June.
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  14. Thursby, Jerry G & Thursby, Marie C, 2003. " Industry/University Licensing: Characteristics, Concerns and Issues from the Perspective of the Buyer," The Journal of Technology Transfer, Springer, vol. 28(3-4), pages 207-13, August.
  15. Macho-Stadler Inés & Pérez-Castrillo David & Veugelers Reinhilde, 2007. "Designing Contracts for University Spin-offs," Working Papers 201071, Fundacion BBVA / BBVA Foundation.
  16. Maryann Feldman & Irwin Feller & Janet Bercovitz & Richard Burton, 2002. "Equity and the Technology Transfer Strategies of American Research Universities," Management Science, INFORMS, vol. 48(1), pages 105-121, January.
  17. Link, Albert N. & Scott, John T., 2005. "Universities as partners in U.S. research joint ventures," Research Policy, Elsevier, vol. 34(3), pages 385-393, April.
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