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Academic Inventors' Choice of Transfer Channels Dependent on Commercialisation Experience - a Theoretical Model

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Listed:
  • Thomas Brenner

    () (Department of Geography, Philipps University Marburg)

  • Sidonia von Ledebur

    () (Department of Geography, Philipps University Marburg)

Abstract

Academic inventions have to be transferred to industry to become an innovation. Scientists face multiple options for this transfer, from informal knowledge transfers to patents, licences, and spin-offs. These transfer channels require different efforts and inhibit different degrees of complexity. We want to theoretically explain the inventor's choice of a certain transfer channel. Under the assumption that (i) dealing with complexity is similar to facing risk, and (ii) scientists are risk averse, we show that the chosen transfer channels are path-dependent: with increasing commercialisation experience inventors choose more complex channels, up to a certain limit of complexity.

Suggested Citation

  • Thomas Brenner & Sidonia von Ledebur, 2008. "Academic Inventors' Choice of Transfer Channels Dependent on Commercialisation Experience - a Theoretical Model," Working Papers on Innovation and Space 2008-01, Philipps University Marburg, Department of Geography.
  • Handle: RePEc:pum:wpaper:2008-01
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    References listed on IDEAS

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    1. Mansfield, Edwin, 1998. "Academic research and industrial innovation: An update of empirical findings1," Research Policy, Elsevier, vol. 26(7-8), pages 773-776, April.
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    3. Wesley M. Cohen & Richard R. Nelson & John P. Walsh, 2000. "Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)," NBER Working Papers 7552, National Bureau of Economic Research, Inc.
    4. Klofsten, Magnus & Jones-Evans, Dylan, 2000. "Comparing Academic Entrepreneurship in Europe--The Case of Sweden and Ireland," Small Business Economics, Springer, vol. 14(4), pages 299-309, June.
    5. A. Heher, 2006. "Return on Investment in Innovation: Implications for Institutions and National Agencies," The Journal of Technology Transfer, Springer, vol. 31(4), pages 403-414, July.
    6. D'Este, P. & Patel, P., 2007. "University-industry linkages in the UK: What are the factors underlying the variety of interactions with industry?," Research Policy, Elsevier, vol. 36(9), pages 1295-1313, November.
    7. Adams, James D, 1990. "Fundamental Stocks of Knowledge and Productivity Growth," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 673-702, August.
    8. Ajay Agrawal & Rebecca Henderson, 2002. "Putting Patents in Context: Exploring Knowledge Transfer from MIT," Management Science, INFORMS, vol. 48(1), pages 44-60, January.
    9. Gustavo Crespi & Aldo Geuna & Lionel Nesta, 2007. "The mobility of university inventors in Europe," The Journal of Technology Transfer, Springer, vol. 32(3), pages 195-215, June.
    10. repec:dau:papers:123456789/5023 is not listed on IDEAS
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