Public research and innovative entrepreneurship: Preliminary cross-country evidence from micro data

This paper provides a first assessment of the degree to which public research contributes to innovative entrepreneurship, using data on start-ups and venture capital (VC). It looks at academic start-ups founded by recent undergraduates and doctorate students or researchers. It shows that academic st...

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Bibliographic Details
Main Author: Breschi, Stefano (Author)
Other Authors: Lassébie, Julie (Contributor), Lembcke, Alexander C.. (Contributor), Menon, Carlo (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2019
Series:OECD Science, Technology and Industry Policy Papers
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Online Access:Volltext
Summary:This paper provides a first assessment of the degree to which public research contributes to innovative entrepreneurship, using data on start-ups and venture capital (VC). It looks at academic start-ups founded by recent undergraduates and doctorate students or researchers. It shows that academic start-ups represent 15% of all start-ups in the specific sample under scrutiny. Their share is higher in science-based technological fields such as biotechnology (23%). Across the majority of countries and technology fields, start-ups created by undergraduate students represent the highest share of all academic start-ups. As to their performance, start-ups founded by researchers are more likely to patent and those founded by students introduce innovations that are more radical compared to other start-ups. While start-ups founded by undergraduate students receive less VC funding and are less likely to exit via IPO or acquisition, those created by researchers are as successful as their non-academic counterparts
Physical Description:1 Online-Ressource (53 Seiten)
DOI:10.1787/0d057da7-en

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