The Nexus between Science and Industry: Evidence from Faculty Inventions
Centre for European Economic Research (ZEW); Catholic University of Leuven (KUL)
Universite du Luxembourg; Catholic University of Leuven (KUL); Centre for European Economic Research (ZEW)
Copenhagen Business School - Department of Economics
February 11, 2011
Journal of Technology Transfer, Vol. 37, No. 5, 2012
Knowledge transfer from science to industry has been shown to be beneficial for the corporate partner. In order to get a better understanding of the reasons behind these positive effects, this study focuses on the junction of science and industry by comparing characteristics of academic inventions that are transferred to industry and those staying in the public sector. Academic inventions are identified via patent applications of German academic scientists. We find that academic patents assigned to corporations are more likely to enable firms reaping short term rather than, possibly more uncertain, long-run returns, in contrast to patents that stay in the public sector. Firms also strive for academic inventions with a high blocking potential in technology markets. Academic patents issued to corporations appear to reflect less complex inventions as compared to inventions that are patented by the public science sector.
Keywords: Academic inventors, University-industry technology transfer, Intellectual property rights
JEL Classification: O31, O32, O34Accepted Paper Series
Date posted: February 14, 2011 ; Last revised: September 27, 2012
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