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Capturing the Regional Economic Benefits of University Technology Transfer: A Case Study

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  • Elyse Golob

Abstract

Despite a high concentration of brainpower and federally funded research, some universities have been unable to translate these assets into regionally based economic activity. The author uses an ethnographic method interviewing university officials and academic entrepreneurs in New York City, which has a relatively poor record of local start-up creation. The author finds that universities that view the primary objective of technology transfer as a revenue generator for their institutions generate fewer spin-offs than those that incorporate a local economic development component. Internal advocacy and faculty interest, however, can affect university behavior. The author also finds that academic entrepreneurs with a pre-existing affiliation with the licensing institution are more likely to locate in the area than outsiders utilizing the technology. Entrepreneurs exhibit a distinct locational calculus based on a range of variables including real estate costs, founders’ preference and the geographical proximity of key firm relationships. Copyright Springer Science+Business Media, LLC 2006

Suggested Citation

  • Elyse Golob, 2006. "Capturing the Regional Economic Benefits of University Technology Transfer: A Case Study," The Journal of Technology Transfer, Springer, vol. 31(6), pages 685-695, November.
    • Handle: RePEc:kap:jtecht:v:31:y:2006:i:6:p:685-695
    DOI: 10.1007/s10961-006-0023-7
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    Citations

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    Cited by:

    1. Conor O’Kane & James A. Cunningham & Matthias Menter & Sara Walton, 2021. "The brokering role of technology transfer offices within entrepreneurial ecosystems: an investigation of macro–meso–micro factors," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1814-1844, December.
    2. Florin PAUN & Philippe RICHARD, 2010. "The Criticity Of The Asymmetries’ Management In The Technology Transfer Process Case Study On The Onera Sme Strategy," Working Papers 18, Réseau de Recherche sur l’Innovation. / Research Network on Innovation.
    3. Florin PAUN & Nick VON TUNZELMANN & Philippe RICHARD, 2011. "From Managing Informational Asymmetries Towards A Systemic Asymmetries Approach In Technology Transfer: A Critique Based On The Sme Strategy At Onera – The French Aerospace Labtm," Working Papers 237, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    4. Bozeman, Barry & Rimes, Heather & Youtie, Jan, 2015. "The evolving state-of-the-art in technology transfer research: Revisiting the contingent effectiveness model," Research Policy, Elsevier, vol. 44(1), pages 34-49.
    5. James A. Cunningham & Matthias Menter & Chris Young, 2017. "A review of qualitative case methods trends and themes used in technology transfer research," The Journal of Technology Transfer, Springer, vol. 42(4), pages 923-956, August.
    6. Ming Chu Leung & John A. Mathews, 2011. "Origins and dynamics of university spin-offs: the case of Hong Kong," International Journal of Transitions and Innovation Systems, Inderscience Enterprises Ltd, vol. 1(2), pages 175-201.
    7. Krabel, Stefan & Mueller, Pamela, 2009. "What drives scientists to start their own company?: An empirical investigation of Max Planck Society scientists," Research Policy, Elsevier, vol. 38(6), pages 947-956, July.
    8. Rian Marais & Sara S. Grobbelaar & Imke H. de Kock, 2020. "Healthcare Technology Transfer in Sub-Saharan Africa: An Inductive Approach," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 16(08), pages 1-39, January.

    More about this item

    Keywords

    technology transfer; economic development; university entrepreneurship; D21; D23; L31; O31; O32;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • 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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