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University Startups and Entrepreneurship: New Data, New Results

Author

Listed:
  • Richard Jensen

    (Department of Economics, University of Notre Dame)

Abstract

This paper empirically examines commercialization of university faculty inventions through startup firms from 1994 through 2008. Using data from the Association of University Technology Managers and the 2010 NRC doctoral rankings, our research reveals several findings. We find that university entrepreneurship is more common in bad economic times and that engineering department quality and biological sciences department size are more important after the NASDAQ stock market crash in 2000. We also find that the quality of a biological sciences department is positively associated with startup company activity. Conditional on creating one startup, each additional TTO employee significantly increases university startups.

Suggested Citation

  • Richard Jensen, 2012. "University Startups and Entrepreneurship: New Data, New Results," Working Papers 009, University of Notre Dame, Department of Economics, revised Jul 2012.
    • Handle: RePEc:nod:wpaper:009
    as

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    File URL: http://www3.nd.edu/~tjohns20/RePEc/deendus/wpaper/009_startups.pdf
    File Function: First version, 2012
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    References listed on IDEAS

    as
    1. Saul Lach & Mark Schankerman, 2008. "Incentives and invention in universities," RAND Journal of Economics, RAND Corporation, vol. 39(2), pages 403-433, June.
    2. Scott Shane, 2002. "Selling University Technology: Patterns from MIT," Management Science, INFORMS, vol. 48(1), pages 122-137, January.
    3. Sharon Belenzon & Mark Schankerman, 2009. "University Knowledge Transfer: Private Ownership, Incentives, and Local Development Objectives," Journal of Law and Economics, University of Chicago Press, vol. 52(1), pages 111-144, February.
    4. Bercovitz, Janet & Feldman, Maryann & Feller, Irwin & Burton, Richard, 2001. "Organizational Structure as a Determinant of Academic Patent and Licensing Behavior: An Exploratory Study of Duke, Johns Hopkins, and Pennsylvania State Universities," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 21-35, January.
    5. Richard A. Jensen & Jerry G. Thursby & Marie C. Thursby, 2003. "The Disclosure and Licensing of University Inventions," NBER Working Papers 9734, National Bureau of Economic Research, Inc.
    6. David B. Audretsch & Oliver Falck & Stephan Heblich & Adam Lederer (ed.), 2011. "Handbook of Research on Innovation and Entrepreneurship," Books, Edward Elgar Publishing, number 13275.
    7. Frank T. Rothaermel & Shanti D. Agung & Lin Jiang, 2007. "University entrepreneurship: a taxonomy of the literature," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 16(4), pages 691-791, August.
    8. Owen-Smith, Jason & Powell, Walter W, 2001. "To Patent or Not: Faculty Decisions and Institutional Success at Technology Transfer," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 99-114, January.
    9. 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.
    10. Celestine Chukumba & Richard Jensen, 2005. "University Invention, Entrepreneurship, and Start-Ups," NBER Working Papers 11475, National Bureau of Economic Research, Inc.
    11. Jerry G. Thursby & Marie C. Thursby, 2002. "Who Is Selling the Ivory Tower? Sources of Growth in University Licensing," Management Science, INFORMS, vol. 48(1), pages 90-104, January.
    12. Scott Shane & Toby Stuart, 2002. "Organizational Endowments and the Performance of University Start-ups," Management Science, INFORMS, vol. 48(1), pages 154-170, January.
    13. Louis, Karen Seashore & Jones, Lisa M. & Anderson, Melissa S. & Blumenthal, David & Campbell, Eric G., 2001. "Entrepreneurship, Secrecy, and Productivity: A Comparison of Clinical and Non-clinical Life Sciences Faculty," The Journal of Technology Transfer, Springer, vol. 26(3), pages 233-245, June.
    14. Thursby, Jerry G & Jensen, Richard & Thursby, Marie C, 2001. "Objectives, Characteristics and Outcomes of University Licensing: A Survey of Major U.S. Universities," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 59-72, January.
    15. O'Shea, Rory P. & Allen, Thomas J. & Chevalier, Arnaud & Roche, Frank, 2005. "Entrepreneurial orientation, technology transfer and spinoff performance of U.S. universities," Research Policy, Elsevier, vol. 34(7), pages 994-1009, September.
    16. Scott Shane, 2001. "Technological Opportunities and New Firm Creation," Management Science, INFORMS, vol. 47(2), pages 205-220, February.
    17. Falck, Oliver & Gold, Robert & Heblich, Stephan, . "Entrepreneurship education," Chapters in Economics,, University of Munich, Department of Economics.
    18. Marie Thursby & Richard Jensen, 2001. "Proofs and Prototypes for Sale: The Licensing of University Inventions," American Economic Review, American Economic Association, vol. 91(1), pages 240-259, March.
    19. Maryann Feldman & Irwin Feller & Janet Bercovitz & Richard Burton, 2002. "Equity and the Technology Transfer Strategies of American Research Universities," Management Science, INFORMS, vol. 48(1), pages 105-121, January.
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    More about this item

    Keywords

    Startups; Entrepreneurship; Innovation;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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