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Is the US Outperforming Europe in University Technology Licensing? A New Perspective on the European Paradox

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  • Annamaria Conti
  • Patrick Gaulé

Abstract

Europe is perceived to be lagging behind the US in converting its academic results into economic outcomes. Using new survey data on European and US Technology Transfer Offices (TTOs), we find that differences in academic research, TTO staff and experience explain to a great extent the gap between the US and Europe in terms of the number of license agreements concluded. However, these factors account for only part of the difference in license income. We relate the difference in licensing income to differences in the organization and staffing of TTOs. Our analysis reveals that US TTOs do not attach more importance to generating revenue as an objective than their European counterparts. However, they employ more staff with experience in industry which explains some of the remaining differential in license income performance.

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  • Annamaria Conti & Patrick Gaulé, 2010. "Is the US Outperforming Europe in University Technology Licensing? A New Perspective on the European Paradox," DRUID Working Papers 10-04, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
  • Handle: RePEc:aal:abbswp:10-04
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    Cited by:

    1. Peter T. Gianiodis & Gideon D. Markman & Andreas Panagopoulos, 2016. "Entrepreneurial universities and overt opportunism," Small Business Economics, Springer, vol. 47(3), pages 609-631, October.
    2. Christian Fisch & Tobias Hassel & Philipp Sandner & Joern Block, 2015. "University patenting: a comparison of 300 leading universities worldwide," The Journal of Technology Transfer, Springer, vol. 40(2), pages 318-345, April.
    3. Ranga, Marina & Hoareau, Cecile & Durazzi, Niccolo & Etzkowitz, Henry & Marcucci, Pamela & Usher, Alex, 2013. "Study on university-business cooperation in the US," LSE Research Online Documents on Economics 55424, London School of Economics and Political Science, LSE Library.
    4. Wipo, 2011. "World Intellectual Property Report 2011- The Changing Face of Innovation," WIPO Economics & Statistics Series, World Intellectual Property Organization - Economics and Statistics Division, number 2011:944, October.
    5. Georg Licht & Bettina Peters & Christian Köhler & Franz Schwiebacher, 2014. "The Potential Contribution of Innovation Systems to Socio-Ecological Transition," WWWforEurope Deliverables series 4, WWWforEurope.
    6. Federico Munari & Einar Rasmussen & Laura Toschi & Elisa Villani, 2016. "Determinants of the university technology transfer policy-mix: a cross-national analysis of gap-funding instruments," The Journal of Technology Transfer, Springer, vol. 41(6), pages 1377-1405, December.
    7. Elisa BARBIERI & Lauretta RUBINI & Alessandra MICOZZI, 2013. "Evaluating policies for innovation and university-firm relations. An investigation on the attitude of Italian academic entrepreneurs towards collaborations with firms," Economia Marche / Journal of Applied Economics, Universita' Politecnica delle Marche (I) / Fondazione Aristide Merloni (I), vol. 0(2), pages 17-45, December.
    8. Jürgen Janger, 2015. "Business science links for a new growth path," WWWforEurope Working Papers series 107, WWWforEurope.
    9. Federico Munari & Martina Pasquini & Laura Toschi, 2015. "From the lab to the stock market? The characteristics and impact of university-oriented seed funds in Europe," The Journal of Technology Transfer, Springer, vol. 40(6), pages 948-975, December.
    10. 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.

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