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Incentives in University Technology Transfers


  • Inés Macho-Stadler


  • David Pérez-Castrillo



There are two main ways in which the knowledge created in universities has been transferred to firms: licensing agreements and the creation of spin-offs. In this paper, we describe the main steps in the transfer of university innovations, the main incentive issues that appear in this process, and the contractual solutions proposed to address them.

Suggested Citation

  • Inés Macho-Stadler & David Pérez-Castrillo, 2009. "Incentives in University Technology Transfers," UFAE and IAE Working Papers 785.09, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  • Handle: RePEc:aub:autbar:785.09

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    References listed on IDEAS

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    2. Dechenaux, Emmanuel & Thursby, Marie & Thursby, Jerry, 2009. "Shirking, sharing risk and shelving: The role of university license contracts," International Journal of Industrial Organization, Elsevier, vol. 27(1), pages 80-91, January.
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    8. Salim Chahine & Igor Filatotchev & Mike Wright, 2007. "Venture Capitalists, Business Angels, and Performance of Entrepreneurial IPOs in the UK and France," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 34(3-4), pages 505-528.
    9. Bousquet, Alain & Cremer, Helmuth & Ivaldi, Marc & Wolkowicz, Michel, 1998. "Risk sharing in licensing," International Journal of Industrial Organization, Elsevier, vol. 16(5), pages 535-554, September.
    10. Martin Meyer, 2006. "Academic Inventiveness and Entrepreneurship: On the Importance of Start-up Companies in Commercializing Academic Patents," The Journal of Technology Transfer, Springer, vol. 31(4), pages 501-510, July.
    11. Darwin V. Neher, 1999. "Staged Financing: An Agency Perspective," Review of Economic Studies, Oxford University Press, vol. 66(2), pages 255-274.
    12. InÉs Macho-Stadler & David Pérez-Castrillo & Reinhilde Veugelers, 2008. "Designing Contracts for University Spin-offs," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 17(1), pages 185-218, March.
    13. Macho-Stadler, Ines & Martinez-Giralt, Xavier & David Perez-Castrillo, J., 1996. "The role of information in licensing contract design," Research Policy, Elsevier, vol. 25(1), pages 43-57, January.
    14. Macho-Stadler, Ines & Perez-Castrillo, David & Veugelers, Reinhilde, 2007. "Licensing of university inventions: The role of a technology transfer office," International Journal of Industrial Organization, Elsevier, vol. 25(3), pages 483-510, June.
    15. Donald Siegel & Mike Wright & Wendy Chapple & Andy Lockett, 2008. "Assessing The Relative Performance Of University Technology Transfer In The Us And Uk: A Stochastic Distance Function Approach," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 17(7-8), pages 717-729.
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    Cited by:

    1. Leonid Gitelman & Daniil Sandler & Mikhail Kozhevnikov, 2016. "University Technology Platform of Anticipatory Learning," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 257-266.
    2. van Geenhuizen, Marina & Ye, Qing, 2014. "Responsible innovators: open networks on the way to sustainability transitions," Technological Forecasting and Social Change, Elsevier, vol. 87(C), pages 28-40.
    3. Bing Guo & Yun Lou & David Pérez-Castrillo, 2015. "Investment, Duration, and Exit Strategies for Corporate and Independent Venture Capital-Backed Start-Ups," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 24(2), pages 415-455, June.
    4. Jean-Claude Boldrini & Nathalie Schieb-Bienfait, 2015. "Collectively exploring the potential of technology derived from university research: the NanoMem case," Working Papers hal-01208517, HAL.
    5. 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.
    6. repec:kap:jtecht:v:42:y:2017:i:3:d:10.1007_s10961-016-9489-0 is not listed on IDEAS
    7. Na Deng & Miaojun Dong & Haosi Chen, 2014. "Research on the Mode of Science and Technology Achievements Transformation in Chinese Universities - Shanghai University of Engineering Science," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 5(3), pages 10-15, August.

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    JEL classification:

    • 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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