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Does inventor ownership encourage university research-derived entrepreneurship? A six university comparison

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  • Kenney, Martin
  • Patton, Donald

Abstract

This paper examines whether university ownership of inventions made by its personnel best serves the widely held social goals of encouraging technology commercialization and entrepreneurship. Using a hand-collected census of technology-based university spin-offs from six universities, one of which is the University of Waterloo and the only inventor ownership university in North America, we compare the number and type of spin-offs produced by these universities. We find suggestive evidence that inventor ownership universities can be more efficient in generating spin-offs on both per faculty and per R&D dollar expended perspective. We find that the field of computer sciences and electrical engineering generates a greater number of spin-offs than do our other two categories - the biomedical sciences, and the field of engineering and the physical sciences. In general, our results demonstrate that inventor ownership can be extremely productive of spin-offs. From these results, we suggest that governments seeking to encourage university invention commercialization and entrepreneurship should experiment with an inventor ownership system.

Suggested Citation

  • Kenney, Martin & Patton, Donald, 2011. "Does inventor ownership encourage university research-derived entrepreneurship? A six university comparison," Research Policy, Elsevier, vol. 40(8), pages 1100-1112, October.
  • Handle: RePEc:eee:respol:v:40:y:2011:i:8:p:1100-1112
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    Cited by:

    1. Novotny, Ádám, 2013. "Az egyetemi-ipari technológiatranszfer sajátosságai Magyarországon
      [The features of university-industry technology transfer in Hungary]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 1119-1139.
    2. repec:eee:bushor:v:60:y:2017:i:4:p:541-550 is not listed on IDEAS
    3. repec:kap:jtecht:v:42:y:2017:i:3:d:10.1007_s10961-016-9490-7 is not listed on IDEAS
    4. 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.
    5. Olof Ejermo & John Källström, 2016. "What is the causal effect of R&D on patenting activity in a “professor’s privilege” country? Evidence from Sweden," Small Business Economics, Springer, vol. 47(3), pages 677-694, October.
    6. Agarwal, Rajshree & Shah, Sonali K., 2014. "Knowledge sources of entrepreneurship: Firm formation by academic, user and employee innovators," Research Policy, Elsevier, vol. 43(7), pages 1109-1133.
    7. Francesco Lissoni, 2013. "Intellectual property and university–industry technology transfer," Chapters,in: Public–Private Innovation Networks in Services, chapter 7, pages 164-194 Edward Elgar Publishing.
    8. Jacobsson, Staffan & Lindholm-Dahlstrand, Åsa & Elg, Lennart, 2013. "Is the commercialization of European academic R&D weak?—A critical assessment of a dominant belief and associated policy responses," Research Policy, Elsevier, vol. 42(4), pages 874-885.
    9. Czarnitzki, Dirk & Doherr, Thorsten & Hussinger, Katrin & Schliessler, Paula & Toole, Andrew A., 2015. "Individual versus institutional ownership of university-discovered inventions," ZEW Discussion Papers 15-007, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    10. Ejermo, Olof & Toivanen, Hannes, 2018. "University invention and the abolishment of the professor’s privilege in Finland," Papers in Innovation Studies 2018/6, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    11. Walter, Sascha G. & Schmidt, Arne & Walter, Achim, 2016. "Patenting rationales of academic entrepreneurs in weak and strong organizational regimes," Research Policy, Elsevier, vol. 45(2), pages 533-545.
    12. Sonali Shah & Emily Pahnke, 2014. "Parting the ivory curtain: understanding how universities support a diverse set of startups," The Journal of Technology Transfer, Springer, vol. 39(5), pages 780-792, October.
    13. repec:eee:respol:v:46:y:2017:i:8:p:1479-1489 is not listed on IDEAS
    14. Musibau Akintunde Ajagbe & Joshua Olusola Olujobi & Anthony Akwawa Uduimoh & Lawrence Uchenna Okoye & Adunola Oluremi Oke, 2016. "Technology Based Entrepreneurship Financing. Lessons for Nigeria," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(1), pages 150-163, January.
    15. Francesco Lissoni & Michele Pezzoni & Bianca Potì & Sandra Romagnosi, 2012. "University autonomy, IP legislation and academic patenting: Italy, 1996-2007," Post-Print hal-00779750, HAL.
    16. Christopher S. Hayter & Jacob H. Rooksby, 2016. "A legal perspective on university technology transfer," The Journal of Technology Transfer, Springer, vol. 41(2), pages 270-289, April.
    17. Riccardo Fini & Kun Fu & Marius Tuft Mathisen & Einar Rasmussen & Mike Wright, 2017. "Institutional determinants of university spin-off quantity and quality: a longitudinal, multilevel, cross-country study," Small Business Economics, Springer, vol. 48(2), pages 361-391, February.
    18. repec:fan:macoma:v:html10.3280/maco2018-001004 is not listed on IDEAS
    19. repec:eee:respol:v:47:y:2018:i:2:p:363-378 is not listed on IDEAS

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