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Knowledge Creates Markets: The influence of entrepreneurial support and patent rights on academic entrepreneurship

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  • Czarnitzki, Dirk
  • Doherr, Thorsten
  • Hussinger, Katrin
  • Schliessler, Paula
  • Toole, Andrew A.

Abstract

We use an exogenous change in German Federal law to examine how entrepreneurial support and the ownership of patent rights influence academic entrepreneurship. In 2002, the German Federal Government enacted a major reform called Knowledge Creates Markets that set up new infrastructure to facilitate university-industry technology transfer and shifted the ownership of patent rights from university researchers to their universities. Based on a novel researcher-level panel database that includes a control group not affected by the policy change, we find no evidence that the new infrastructure resulted in an increase in start-up companies by university researchers. The shift in patent rights may have strengthened the relationship between patents on university-discovered inventions and university start-ups; however, it substantially decreased the volume of patents with the largest decrease taking place in faculty-firm patenting relationships.

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  • Czarnitzki, Dirk & Doherr, Thorsten & Hussinger, Katrin & Schliessler, Paula & Toole, Andrew A., 2016. "Knowledge Creates Markets: The influence of entrepreneurial support and patent rights on academic entrepreneurship," European Economic Review, Elsevier, vol. 86(C), pages 131-146.
  • Handle: RePEc:eee:eecrev:v:86:y:2016:i:c:p:131-146
    DOI: 10.1016/j.euroecorev.2016.04.010
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    Cited by:

    1. Bijedić, Teita & Chlosta, Simone & Hossinger, Stefan & Kasdorf, Alina & Schneck, Stefan & Schröder, Christian & Werner, Arndt & Nielen, Sebastian & Oschmann, Sebastian, 2017. "Gründungserfolg von Wissenschaftlern an deutschen Hochschulen," IfM-Materialien 257, Institut für Mittelstandsforschung (IfM) Bonn.
    2. repec:kap:jtecht:v:43:y:2018:i:4:d:10.1007_s10961-017-9647-z is not listed on IDEAS

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    Keywords

    Intellectual property; Patents; Technology transfer; Policy evaluation;

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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