Harnessing University Entrepreneurship for Economic Growth: Factors of Success Among University Spin-offs

Economic Development Quarterly

Volumn 27, Issue 1, 2013, Pages 18-28

  Hayter, Christopher S ^a  

^a NEW YORK ACADEMY OF SCIENCES   (United States)

Author keywords

economic development; entrepreneurship; technology transfer

Indexed keywords

COMMERCIALIZATION; ECONOMIC DEVELOPMENT; ECONOMIC GROWTH; ENTREPRENEUR; INNOVATION; JOINT VENTURE; SERVICE PROVISION; TECHNOLOGY POLICY; TECHNOLOGY TRANSFER; UNIVERSITY SECTOR;

EID: 84873443036     PISSN: 08912424     EISSN: 15523543     Source Type: Journal    
DOI: 10.1177/0891242412471845     Document Type: Article

References (83)

1. Acs Z.,Audretsch D.,Braunerhjelm P.,Carlsson B.The missing link: The knowledge filter and endogenous growth. London, England: Center for Economic Policy Research; 2004:.
2. Almeida P.,Kogut B.Localization of knowledge and the mobility of engineers in regional networks.Management Science. 1999;45:905-917.
3. Audretsch D.Innovation and industry evolution. Cambridge: MIT Press; 1995:.
4. Audretsch D.,Feldman M.R&D spillovers and the geography of innovation.American Economic Review. 1996;86:630-640.
5. Audretsch D.,Keilbach M.,Lehmann E.Entrepreneurship and economic growth. London, England: Oxford University Press; 2006:.
6. Audretsch D.,Lehmann E.,Warning S.University spillovers and new firm location.Research Policy. 2005;34:1113-1122.
7. Bartus T.Estimation of marginal effects using margeff.Stata Journal. 2005;3:309-329.
8. Bauer E. Effects of patenting and licensing on research. Presentation to the National Academies Board on Science, Technology, and Economic Policy Committee on Intellectual Property Rights in the Knowledge-Based Economy.
9. Bekkers R.,Gilsing V.,van der Steen M.Determining factors of the effectiveness of IP-based spin-offs: Comparing the Netherlands and the U.S.Journal of Technology Transfer. 2006;31:545-566.
10. Bercovitz J.,Feldman M.Academic entrepreneurs: Social learning and participation in university technology transfer. Toronto, Ontario, Canada: University of Toronto; 2004:.
11. Blair D.,Hitchens D.Campus companies-U.K. and Ireland. Aldershot, England: Ashgate; 1998:.
12. Carree M.Industrial restructuring and economic growth.Small Business Economics. 2002;18:243-255.
13. Carree M.,Thurik A.The lag structure of the impact of business ownership on economic performance in OECD countries.Small Business Economics. 2006;30:101-110.
14. Chesbrough H.Open innovation: The new imperative for creating and profiting from technology. Boston, MA: Harvard Business School Press; 2003:.
15. Chesbrough H. Presentation at seminar "What Industry Wants From Universities," sponsored by the Ewing Marion Kauffman Foundation; San Diego, CA.
16. Chiesa V.,Piccaluga A.Exploitation and diffusion of public research: The case of academic spinoff-off companies in Italy.R&D Management. 2000;30:267-281.
17. CohenW. (2000, January1-5). Taking care of business. ASEE Prism Online. Retrieved from http://www.prism-magazine.org/jan00/html/coverstory.cfm.
18. Colyvas J.,Crow M.,Gelijns A.,Mazzoleni R.,Nelson R.,Rosenburg N.,Sampat B.How do university inventions get into practice?.Management Science. 2002;48:61-72.
19. Davidsson P.Researching entrepreneurship. New York, NY: Springer; 2004:.
20. Degroof J. J.,Roberts E.Overcoming weak entrepreneurial infrastructure for academic spin-off ventures.Journal of Technology Transfer. 2004;29:327-357.
21. Dietz J.Building a social capital model of research development: The case of EPSCOR.Science and Public Policy. 2000;27:137-147.
22. Dietz J.,Bozeman B.Academic careers, patents, and productivity: Industry experience as scientific and technical human capital.Research Policy. 2005;34:349-367.
23. Di Gregorio D.,Shane S.Why do some universities generate more startups than others?.Research Policy. 2003;32:209-227.
24. Feldman M.,Desrochers P.Truth for its own sake: Academic culture and technology transfer at the Johns Hopkins University.Minerva. 2004;42:105-126.
25. Franklin S.,Wright M.,Lockett A.Academic and surrogate entrepreneurs in university spin-out companies.Journal of Technology Transfer. 2001;26:127-141.
26. Goldfarb B.,Henrekson M.Bottom-up versus top-down policies towards the commercialization of university intellectual property.Research Policy. 2003;32:639-658.
27. GolubE. (2003). Generating spin-offs from university-based research: The potential of technology transfer (Unpublished doctoral dissertation). Columbia University, New York.
28. Gulbrandsen M.,Smeby J.Industry funding and university professors' research performance.Research Policy. 2005;34:932-950.
29. Gulbranson C.,Audretsch D.Proof of concept centers: Accelerating the commercialization of university innovation. Kansas City, MO: Ewing Marion Kauffman Foundation; 2008:.
30. Hayter C.In search of the profit-maximizing actor: Motivations and definitions of success from nascent academic entrepreneurs.Journal of Technology Transfer. 2011;36:340-352.
31. Heirman A.,Clarysse B.How and why do research-based startups differ at founding? A resource-based configurational perspective.Journal of Technology Transfer. 2004;29:247-268.
32. Hellmann T.,Puri M.Venture capital and the professionalism of start-up firms: Empirical evidence. Palo Alto, CA: Graduate School of Business, Stanford University; 2001:.
33. Hsu D.,Bernstein T.Managing the university technology licensing Process.Journal of the Association of University Technology Managers. 1997;9:1-33.
34. Jaffe A.Real effects of academic research.American Economic Review. 1989;79:957-970.
35. Jaffe A,Trajtenberg M.,Henderson R.Geographic localization of knowledge spillovers as evidenced by patent citations.Quarterly Journal of Economics. 1993;108:577-598.
36. Jensen R.,Thursby J.,Thursby M.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. 2003;21:1271-1300.
37. Johansson M.,Jacob M.,Hellstrom T.The strength of strong ties: University spin-offs and the significance of historical relations.Journal of Technology Transfer. 2005;30:271-286.
38. Kenney M.,Goe W.The role of social embeddedness in professorial entrepreneurship: A comparison of electrical engineering and computer science at UC Berkeley and Stanford.Research Policy. 2004;33:691-707.
39. Landry R.,Amara N.,Oumit M. Paper presented at the 4th Triple Helix Conference; 2002Copenhagen, Denmark; 2002.
40. Lerner J.The government as venture capitalist: The long-run effects of the SBIR program.Journal of Business. 1999;72:285-318.
41. Link A.,Ruhm C.Bringing science to market: Commercializing from NIH SBIR awards.Economics of Innovation and New Technology. 2009;4:381-402.
42. Link A.,Siegel D.,Bozeman B.An empirical analysis of the propensity of academics to engage in informal university technology transfer.Industrial and Corporate Change. 2007;16 (4): 1-15.
43. LoweR. (2002). Invention, innovation and entrepreneurship: the commercialization of university research by inventor-founded firms (Unpublished doctoral dissertation). University of California at Berkeley.
44. Markman G.,Phan P.,Balkin D.,Gianiodis P.Entrepreneurship from the ivory tower: Do incentive systems matter?.Journal of Technology Transfer. 2004;26:233-245.
45. Martinelli A.,Meyer M.,von Tunzelmann N.Becoming an entrepreneurial university? A case study of knowledge exchange relationships and faculty attitudes in a medium-sized, research-oriented university.Journal of Technology Transfer. 2008;33:259-283.
46. Meyer-Krahmer F.,Schmoch U.Science-based technologies: University-industry interactions in four fields.Research Policy. 1998;27:835-851.
47. Murray F.The role of academic inventors in entrepreneurial firms: Sharing the laboratory life.Research Policy. 2004;33:643-659.
48. Mustar P.Spin-off enterprises, how French academics create high-tech companies: Conditions for success or failure.Science and Public Policy. 1997;24 (1): 37-43.
49. Mustar P.,Renualt M.,Colombo M.,Piva E.,Fontes M.,Lockett A.,Moray N.Conceptualizing the heterogeneity of research-based spin-offs: A multi-dimensional taxonomy.Research Policy. 2006;35:289-308.
50. A governors guide to strengthening state entrepreneurship policy. Washington, DC: U.S. Department of Education; 2004:.
51. Investing in innovation. Washington, DC: U.S. Department of Education; 2007:.
52. Nerkar A.,Shane S.When do startups that exploit patented academic knowledge survive?.International Journal of Industrial Organization. 2003;21:1391-1410.
53. Nicolaou N.,Birley S.Social networks in organizational emergence: The university spinout phenomenon.Management Science. 2003;49:1702-1725.
54. O'Gorman C.,Byrne O.,Pandya D.How scientists commercialise new knowledge via entrepreneurship.Journal of Technology Transfer. 2008;33:23-43.
55. O'Shea R.,Allen T.,Chevalier A.,Roche F.Entrepreneurial orientation, technology transfer, and spin-off performance of U.S. universities.Research Policy. 2005;34:994-1009.
56. Penrose E.The theory of the growth of the firm. New York, NY: Oxford University Press; 1959:.
57. Perez M.,Sanchez A.The development of university spin-offs: Early dynamics of technology transfer and networking.Technovation. 2003;23:823-831.
58. Phan P.,Siegel D.The effectiveness of university technology transfer: Lessons learned.Foundations and Trends in Entrepreneurship. 2006;2 (2): 77-144.
59. Powers J.,McDougall P.University start-up formation and technology licensing with firms that go public: A resource-based view of academic entrepreneurship.Journal of Business Venturing. 2005;20:291-311.
60. Pressman LAUTM licensing survey: FY 1999. Northbrook, IL: Association of University Technology Managers; 1999:.
61. Pressman L.AUTM licensing survey: FY 2002. Northbrook, IL: Association of University Technology Managers; 2002:.
62. Pressman L.,Guterman S.,Abrams I.,Geist D.,Nelson L.Pre-production investment and jobs induced by MIT exclusive patent licenses: A preliminary model to measure the economic impact of university licensing.Journal of Association of University Technology Managers. 1995;7:49-81.
63. Radosevich R.A model for entrepreneurial spin-offs from public technology sources.International Journal of Technology Management. 1995;10:879-893.
64. Rappert B.,Webster A.,Charles D.Making sense of diversity and reluctance: Academic-industrial relations and intellectual property.Research Policy. 1999;28:873-890.
65. Renault C.Academic capitalism and university incentives for faculty entrepreneurship.Journal of Technology Transfer. 2006;31:227-239.
66. Roberts E.Entrepreneurs in high technology. New York, NY: Oxford University Press; 1991:.
67. Roberts E.,Easley C.Entrepreneurial impact: The role of MIT. Kansas City, MO: Ewing Marion Kauffman Foundation; 2009:.
68. Romer P.Increasing returns and long-run growth.Journal of Political Economy. 1986;94:1002-1037.
69. Rothaermel F.,Agung S.,Jiang L.University entrepreneurship: A taxonomy of the literature.Industrial and Corporate Change. 2007;16:691-791.
70. Samson K.,Gurdon M.University scientists as entrepreneurs: A special case of technology transfer and high-tech venturing.Technovation. 1993;13 (2): 63-71.
71. Saxenian A.Regional advantage. Boston, MA: Harvard Business School Press; 1994:.
72. Shane S.Academic entrepreneurship: University spin-offs and wealth creation. Northampton, MA: Edward Elgar; 2004:.
73. Shane S.Economic development through entrepreneurship: Government, university, and business linkages. Shane S., ed. Northampton, MA: Edward Elgar; 2005:33-46.
74. Shane S.,Stuart T.Organizational endowments and the performance of university start-ups.Management Science. 2002;48:154-170.
75. Siegel D.,Waldman D.,Link A.Assessing the impact of organizational practices on the productivity of university technology transfer offices: An exploratory study.Research Policy. 2003;32 (1): 27-48.
76. Slaughter S.,Rhoades G.Academic capitalism and the new economy: Markets, state and higher education. Baltimore, MD: Johns Hopkins University Press; 2004:.
77. Solow R.A contribution to the theory of economic growth.Quarterly Journal of Economics. 1956;70:65-94.
78. Steffensen M.,Rogers E.,Speakman K.Spin-offs from research centers at a research university.Journal of Business Venturing. 2000;15:93-111.
79. Tornatzky L.,Waugaman P.,Casson L.,Crowell S.,Spahr C.,Wong F.Benchmarking best practices for university-industry technology transfer: Working with start-up companies. Atlanta, GA: Southern Technology Council; 1995:.
80. Utterback J.Mastering the dynamics of innovation. Boston, MA: Harvard Business School Press; 1994:.
81. van Praag C.,Versloot P.What is the value of entrepreneurship? A review of recent research.Small Business Economics. 2007;29:351-382.
82. Vohora A.,Wright M.,Lockett A.Critical junctures in the development of university high-tech spin-out companies.Research Policy. 2004;33:147-175.
83. Wright M.,Clarysse B.,Lockett A.,Binks M.University spin-out companies and venture capital.Research Policy. 2006;35:481-501.