Inside or Outside the IP-System? Business Creation in Academia

Research Policy, Vol. 39, pp. 1060–1069, 2010

10 Pages Posted: 12 Nov 2009 Last revised: 20 Dec 2013

See all articles by Riccardo Fini

Riccardo Fini

University of Bologna - Department of Management; Imperial College London

Nicola Lacetera

University of Toronto - Strategic Management; University of Toronto at Mississauga - Department of Management; National Bureau of Economic Research (NBER)

Scott Shane

Case Western Reserve University - Department of Economics

Date Written: December 10, 2008

Abstract

Research and public policy on academic entrepreneurship are largely based on the assumption that faculty members start businesses to commercialize inventions that have been disclosed to university administrators and have been patented. In this paper, we analyze a sample of 11,572 professors and find that much academic entrepreneurship occurs outside the university intellectual property system. Specifically, about 2/3 of businesses started by academics are not based on disclosed and patented inventions. Moreover, we show that individual characteristics, departmental and organizational affiliation, and time allocation of academics that have started business outside the IP system are different from those of academics that have started businesses to exploit disclosed and patented inventions. We discuss the implications for research on and the practice of academic entrepreneurship.

Keywords: Academic entrepreneurship, Business creation, Knowledge transfer

JEL Classification: O3

Suggested Citation

Fini, Riccardo and Lacetera, Nicola and Shane, Scott A., Inside or Outside the IP-System? Business Creation in Academia (December 10, 2008). Research Policy, Vol. 39, pp. 1060–1069, 2010. Available at SSRN: https://ssrn.com/abstract=1314361

Riccardo Fini (Contact Author)

University of Bologna - Department of Management ( email )

Via Terracini 28
Bologna, 40131
Italy

HOME PAGE: http://www.unibo.it/faculty/riccardo.fini

Imperial College London ( email )

South Kensington Campus
London SW7 2AZ, DC
United Kingdom

HOME PAGE: http://www3.imperial.ac.uk/people/r.fini

Nicola Lacetera

University of Toronto - Strategic Management ( email )

Canada

University of Toronto at Mississauga - Department of Management

Canada

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Scott A. Shane

Case Western Reserve University - Department of Economics ( email )

Cleveland, OH 44106
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
308
Abstract Views
1,795
rank
106,640
PlumX Metrics