University invention, entrepreneurship, and start-ups:
"This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start-up firm rather than an established firm. The model predicts that university inventions are more likely to occur in start-ups when the technology transfer officers (TTOs) search cos...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11475 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start-up firm rather than an established firm. The model predicts that university inventions are more likely to occur in start-ups when the technology transfer officers (TTOs) search cost is high, the cost of development or commercialization is lower for a start-up, or the inventor's effort cost in development is lower in a start-up. We test the theory using data from the Association of University Technology Managers, the National Research Council, and the National Venture Capital Association. Licensing is more likely in general, and especially so in start-ups, by universities with higher quality engineering faculty and older TTOs. Start-ups are more likely by universities in states with larger levels of venture capital. TTO size has no effect on start-ups, but does increase licenses. Conversely, universities that earn greater licensing royalties have fewer start-ups but more licenses. The number of start-ups is decreasing in the interest rate, increasing in the S&P 500, and unaffected by levels of industrial research funding and the presence of a medical school. All of these results are consistent with the predictions of our theory"--National Bureau of Economic Research web site. |
| Physical Description: | 25, [8] S. graph. Darst. |
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| geographic | USA |
| geographic_facet | USA |
| id | DE-604.BV023591579 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:28Z |
| indexdate | 2024-07-09T21:25:11Z |
| institution | BVB |
| language | English |
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| physical | 25, [8] S. graph. Darst. |
| publishDate | 2005 |
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| publisher | National Bureau of Economic Research |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Chukumba, Celestine Verfasser (DE-588)130586986 aut University invention, entrepreneurship, and start-ups Celestine Chukumba ; Richard Jensen Cambridge, Mass. National Bureau of Economic Research 2005 25, [8] S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11475 "This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start-up firm rather than an established firm. The model predicts that university inventions are more likely to occur in start-ups when the technology transfer officers (TTOs) search cost is high, the cost of development or commercialization is lower for a start-up, or the inventor's effort cost in development is lower in a start-up. We test the theory using data from the Association of University Technology Managers, the National Research Council, and the National Venture Capital Association. Licensing is more likely in general, and especially so in start-ups, by universities with higher quality engineering faculty and older TTOs. Start-ups are more likely by universities in states with larger levels of venture capital. TTO size has no effect on start-ups, but does increase licenses. Conversely, universities that earn greater licensing royalties have fewer start-ups but more licenses. The number of start-ups is decreasing in the interest rate, increasing in the S&P 500, and unaffected by levels of industrial research funding and the presence of a medical school. All of these results are consistent with the predictions of our theory"--National Bureau of Economic Research web site. Entrepreneurship United States Inventions Economic aspects United States USA Jensen, Richard 1949- Verfasser (DE-588)129500380 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11475 (DE-604)BV002801238 11475 http://papers.nber.org/papers/w11475.pdf kostenfrei Volltext |
| spellingShingle | Chukumba, Celestine Jensen, Richard 1949- University invention, entrepreneurship, and start-ups National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Entrepreneurship United States Inventions Economic aspects United States |
| title | University invention, entrepreneurship, and start-ups |
| title_auth | University invention, entrepreneurship, and start-ups |
| title_exact_search | University invention, entrepreneurship, and start-ups |
| title_exact_search_txtP | University invention, entrepreneurship, and start-ups |
| title_full | University invention, entrepreneurship, and start-ups Celestine Chukumba ; Richard Jensen |
| title_fullStr | University invention, entrepreneurship, and start-ups Celestine Chukumba ; Richard Jensen |
| title_full_unstemmed | University invention, entrepreneurship, and start-ups Celestine Chukumba ; Richard Jensen |
| title_short | University invention, entrepreneurship, and start-ups |
| title_sort | university invention entrepreneurship and start ups |
| topic | Entrepreneurship United States Inventions Economic aspects United States |
| topic_facet | Entrepreneurship United States Inventions Economic aspects United States USA |
| url | http://papers.nber.org/papers/w11475.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT chukumbacelestine universityinventionentrepreneurshipandstartups AT jensenrichard universityinventionentrepreneurshipandstartups |