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A Study of Academic Entrepreneurs Using Venture Capital Data

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  • Junfu Zhang

Abstract

This paper studies academic entrepreneurs using a comprehensive venture capital database (VentureOne). I find that entrepreneurial activities among university employees are concentrated in the biotechnology and information technology industries. About two-thirds of the academic entrepreneurs locate their businesses in the same state as their universities. National academy membership and number of faculty awards - measures of a university’s research quality - are the most significant variables in explaining the number of academic entrepreneurs from a university. In contrast, the abundance of venture capital near the university has no significant effect on academic entrepreneurship.

Suggested Citation

  • Junfu Zhang, 2006. "A Study of Academic Entrepreneurs Using Venture Capital Data," PPIC Working Papers 2006.01, Public Policy Institute of California.
    • Handle: RePEc:ppi:ppicwp:2006.01
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    References listed on IDEAS

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    1. Toole, Andrew A. & Czarnitzki, Dirk, 2007. "Biomedical academic entrepreneurship through the SBIR program," Journal of Economic Behavior & Organization, Elsevier, vol. 63(4), pages 716-738, August.
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    Cited by:

    1. Junfu Zhang, 2011. "The advantage of experienced start-up founders in venture capital acquisition: evidence from serial entrepreneurs," Small Business Economics, Springer, vol. 36(2), pages 187-208, February.
    2. Andrew A. Toole & Dirk Czarnitzki, 2010. "Commercializing Science: Is There a University "Brain Drain" from Academic Entrepreneurship?," Management Science, INFORMS, vol. 56(9), pages 1599-1614, September.
    3. Inessa Love, 2020. "Entrepreneurial Access to Finance in the US," Working Papers 202004, University of Hawaii at Manoa, Department of Economics.
    4. Junfu Zhang, 2008. "Why do some US universities generate more venture-backed academic entrepreneurs than others?," Venture Capital, Taylor & Francis Journals, vol. 11(2), pages 133-162, August.

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    More about this item

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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