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Academic Capitalism and University Incentives for Faculty Entrepreneurship

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  • Catherine Renault

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Abstract

Entrepreneurial behavior by professors—including decisions about collaboration with industry, patenting and spinning off companies—can affect the productivity of top universities’ technology transfer efforts. Interviews with 98 professors at 12 southeastern universities showed that the most significant influence on these aspects of entrepreneurial behavior is the beliefs of professors about the proper role of universities in the dissemination of knowledge. Some institutional policies, notably revenue splits with inventors, can affect aspects of this behavior. These findings suggest that both university incentive policies and ethical concerns about academic capitalism, by limiting the productivity of technology transfer efforts, have an effect on regional economic development. Copyright Springer Science+Business Media, Inc. 2006

Suggested Citation

  • Catherine Renault, 2006. "Academic Capitalism and University Incentives for Faculty Entrepreneurship," The Journal of Technology Transfer, Springer, vol. 31(2), pages 227-239, March.
  • Handle: RePEc:kap:jtecht:v:31:y:2006:i:2:p:227-239
    DOI: 10.1007/s10961-005-6108-x
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    File URL: http://hdl.handle.net/10.1007/s10961-005-6108-x
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    References listed on IDEAS

    as
    1. 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.
    2. Ajay Agrawal & Rebecca Henderson, 2002. "Putting Patents in Context: Exploring Knowledge Transfer from MIT," Management Science, INFORMS, vol. 48(1), pages 44-60, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    technology transfer; entrepreneurship; universities; L31; L33; O31; O32;

    JEL classification:

    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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