IDEAS home Printed from https://ideas.repec.org/p/rif/dpaper/1148.html
   My bibliography  Save this paper

Value Creation in the Interface of Industry and Academy - A Case Study of Intellectual Capital of Technology Transfer Offices At US Universities

Author

Listed:
  • Tahvanainen, Antti-Jussi
  • Hermans, Raine

Abstract

This study scrutinizes the impact of value-creating practices in university-industry technology transfer that facilitate the diffusion of knowledge generated in academic research towards its successful application by companies on markets. To be more precise, the aim is to demarcate the role that US university technology transfer offices (TTOs), one of the consequential arrangements conjured into existence by the Bayh-Dole Act of 1980, play in matching the substance of academic research and the need-driven demand of commercial markets. In the process, they implicitly, yet strategically, guarantee the sustainability of the flow of technologies out of the laboratories towards market application, as their actions and motives uphold and sustain the incentive structures of both of the universes, the academic and the commercial. This is accomplished by performing and specializing in the very functions that neither universe has been able or willing to perform in order to take a step closer towards each other. These contributions are often hard to capture in quantitative measures, which has led to common criticism about the effectiveness of TTOs. We propose such measures to be used with care in the comparative evaluation of TTO performance, but also point at and recognize their value as parameters that can be utilized to internally monitor the performance of each TTO individually over time as a tool of management. Some alternative, Intellectual Capital based measures are suggested.

Suggested Citation

  • Tahvanainen, Antti-Jussi & Hermans, Raine, 2008. "Value Creation in the Interface of Industry and Academy - A Case Study of Intellectual Capital of Technology Transfer Offices At US Universities," Discussion Papers 1148, The Research Institute of the Finnish Economy.
  • Handle: RePEc:rif:dpaper:1148
    as

    Download full text from publisher

    File URL: http://www.etla.fi/wp-content/uploads/2012/09/dp1148.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Chapple, Wendy & Lockett, Andy & Siegel, Donald & Wright, Mike, 2005. "Assessing the relative performance of U.K. university technology transfer offices: parametric and non-parametric evidence," Research Policy, Elsevier, vol. 34(3), pages 369-384, April.
    2. Di Gregorio, Dante & Shane, Scott, 2003. "Why do some universities generate more start-ups than others?," Research Policy, Elsevier, vol. 32(2), pages 209-227, February.
    3. 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.
    4. Albert,Steven & Bradley,Keith, 1997. "Managing Knowledge," Cambridge Books, Cambridge University Press, number 9780521598873, December.
    5. Siegel, Donald S. & Waldman, David & Link, Albert, 2003. "Assessing the impact of organizational practices on the relative productivity of university technology transfer offices: an exploratory study," Research Policy, Elsevier, vol. 32(1), pages 27-48, January.
    6. Clarysse, Bart & Wright, Mike & Lockett, Andy & Van de Velde, Els & Vohora, Ajay, 2005. "Spinning out new ventures: a typology of incubation strategies from European research institutions," Journal of Business Venturing, Elsevier, vol. 20(2), pages 183-216, March.
    7. 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.
    8. Markman, Gideon D. & Phan, Phillip H. & Balkin, David B. & Gianiodis, Peter T., 2005. "Entrepreneurship and university-based technology transfer," Journal of Business Venturing, Elsevier, vol. 20(2), pages 241-263, March.
    9. Albert,Steven & Bradley,Keith, 1997. "Managing Knowledge," Cambridge Books, Cambridge University Press, number 9780521561501, December.
    10. 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.
    11. Hakansson, Hakan & Ford, David, 2002. "How should companies interact in business networks?," Journal of Business Research, Elsevier, vol. 55(2), pages 133-139, February.
    12. Lockett, Andy & Wright, Mike, 2005. "Resources, capabilities, risk capital and the creation of university spin-out companies," Research Policy, Elsevier, vol. 34(7), pages 1043-1057, September.
    13. 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.
    14. Degroof, Jean-Jacques & Roberts, Edward B., 2003. "Spinning-off New Ventures from Academic Institutions in Areas with Weak Entrepreneurial Infrastructure: Insights on the Impact of Spin-off Processes on the Growth-orientation of Ventures," Working papers 4311-03, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    15. Jeannette Colyvas & Michael Crow & Annetine Gelijns & Roberto Mazzoleni & Richard R. Nelson & Nathan Rosenberg & Bhaven N. Sampat, 2002. "How Do University Inventions Get Into Practice?," Management Science, INFORMS, vol. 48(1), pages 61-72, January.
    16. Lockett, Andy & Wright, Mike & Franklin, Stephen, 2003. "Technology Transfer and Universities' Spin-Out Strategies," Small Business Economics, Springer, vol. 20(2), pages 185-200, March.
    17. Lockett, Andy & Siegel, Donald & Wright, Mike & Ensley, Michael D., 2005. "The creation of spin-off firms at public research institutions: Managerial and policy implications," Research Policy, Elsevier, vol. 34(7), pages 981-993, September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    university technology transfer; technology transfer office; intellectual capital; knowledge management; Bayh-Dole Act; government intervention; value adding functions; value platform;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rif:dpaper:1148. 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: (Kaija Hyvönen-Rajecki). General contact details of provider: http://edirc.repec.org/data/etlaafi.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.