Commercializing inventions from public research: Does speed matter?
This study addresses the determinants of time-to-licensing, defined as the elapsed time between the disclosure of an invention and the signed licensing contract, and its impact on the commercial success of the licensed inventions from public research. Using a dataset containing detailed information on the licensing activities of the Max Planck Society, I do not find significant evidence that time-to-licensing negatively influences the commercial success of the inventions disclosed between 1980 and 2004. However, separating the effect of the time-to-licensing for the inventions disclosed between 1990 and 2004, I do find a significant negative influence on the likelihood and extent of the commercial success. Thus, the pace of technology transfer has become important because of the rapidly changing business environment and technological obsolescence. Furthermore, inventions from the biomedical section, collaborative inventions with private-sector firms, and inventions that are co-invented with senior scientists require less time to become licensed.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Buenstorf, Guido, 2009. "Is commercialization good or bad for science? Individual-level evidence from the Max Planck Society," Research Policy, Elsevier, vol. 38(2), pages 281-292, March.
- Emmanuel Dechenaux & Brent Goldfarb & Scott A. Shane & Marie C. Thursby, 2003. "Appropriability and the timing of innovation: Evidence from MIT inventions," NBER Working Papers 9735, National Bureau of Economic Research, Inc.
- Markman, Gideon D. & Gianiodis, Peter T. & Phan, Phillip H. & Balkin, David B., 2005. "Innovation speed: Transferring university technology to market," Research Policy, Elsevier, vol. 34(7), pages 1058-1075, September.
- Harabi, Najib, 1995.
"Appropriability of technical innovations an empirical analysis,"
Elsevier, vol. 24(6), pages 981-992, November.
- Harabi, N., 1993. "Appropriabiblity of Technical Innovations: An Empirical Analysis," Papers 31a, Universitat Zurich - Wirtschaftswissenschaftliches Institut.
- Harabi, Najib, 1994. "Appropriability of Technical Innovations: An Empirical Analysis," MPRA Paper 26267, University Library of Munich, Germany.
- Keith Smith, "undated". "Interactions in knowledge systems: Foundations, policy implications and empirical methods," STEP Report series 199410, The STEP Group, Studies in technology, innovation and economic policy.
- repec:now:journl:0300000006 is not listed on IDEAS
- Edward C. Norton & Hua Wang & Chunrong Ai, 2004. "Computing interaction effects and standard errors in logit and probit models," Stata Journal, StataCorp LP, vol. 4(2), pages 154-167, June.
- Frank T. Rothaermel & Shanti D. Agung & Lin Jiang, 2007. "University entrepreneurship: a taxonomy of the literature," Industrial and Corporate Change, Oxford University Press, vol. 16(4), pages 691-791, August.
- Sidonia von Proff & Guido Buenstorf & Martin Hummel, 2012. "University Patenting in Germany before and after 2002: What Role Did the Professors' Privilege Play?," Industry and Innovation, Taylor & Francis Journals, vol. 19(1), pages 23-44, January.
- Sidonia von Ledebur & Guido Buenstorf & Martin Hummel, 2009. "University Patenting in Germany before and after 2002: What Role Did the Professors' Privilege Play?," Jena Economic Research Papers 2009-068, Friedrich-Schiller-University Jena.
- Guido Buenstorf & Matthias Geissler, 2012. "Not invented here: technology licensing, knowledge transfer and innovation based on public research," Journal of Evolutionary Economics, Springer, vol. 22(3), pages 481-511, July.
- Guido Buenstorf & Matthias Geissler, 2009. "Not invented here: Technology licensing, knowledge transfer and innovation based on public research," Papers on Economics and Evolution 2009-20, Philipps University Marburg, Department of Geography.
- Audretsch, David B. & Lehmann, Erik E., 2005. "Do University policies make a difference?," Research Policy, Elsevier, vol. 34(3), pages 343-347, April.
- Goldfarb, Brent & Henrekson, Magnus, 2001. "Bottom-Up vs. Top-Down Policies towards the Commercialization of University Intellectual Property," SSE/EFI Working Paper Series in Economics and Finance 463, Stockholm School of Economics, revised 26 May 2002.
- Wright, Mike & Clarysse, Bart & Lockett, Andy & Knockaert, Mirjam, 2008. "Mid-range universities' linkages with industry: Knowledge types and the role of intermediaries," Research Policy, Elsevier, vol. 37(8), pages 1205-1223, September.
- Donald Siegel & David Waldman & Albert Link, 1999. "Assessing the Impact of Organizational Practices on the Productivity of University Technology Transfer Offices: An Exploratory Study," NBER Working Papers 7256, National Bureau of Economic Research, Inc.
- Ajay Agrawal & Rebecca Henderson, 2002. "Putting Patents in Context: Exploring Knowledge Transfer from MIT," Management Science, INFORMS, vol. 48(1), pages 44-60, January.
- Stefano Breschi & Francesco Lissoni & Fabio Montobbio, 2006. "University patenting and scientific productivity. A quantitative study of Italian academic inventors," KITeS Working Papers 189, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Nov 2006.
- Fontana, Roberto & Geuna, Aldo, 2009. "The Nature of Collaborative Patenting Activities," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200910, University of Turin. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:jrp:jrpwrp:2012-026. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Markus Pasche)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.