Multiple Missions and Academic Entrepreneurship

Posted: 4 Nov 2009

See all articles by Nicola Lacetera

Nicola Lacetera

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

Date Written: 2006


Commercialization of university-developed technologieshas increased in recent years among U.S. universities due to policies promotingacademic technology transfer. These provisions have been influential in thecreation of similar policies in Europe and Japan. Recent researchregarding the success and accessibility of university research has beencontradictory. This research investigates the differences between academic and industrialentrepreneurs when deciding to commercialize inventions.The researcherproposes an economic model specifically focused on the decision tocommercialize and on the timing of entry. A review of past literature regarding academic and industrialentrepreneurship is presented, and current issues regarding this topic areevaluated.Then, the basic theoretical premise of the model is described,with the examined features including the key aspect of the research process, acomparison of academic entrepreneurs to other entrepreneurs, and an analysis ofthe commercial returns and costs. A description of the actual model is given, including descriptions of theacademic team and measures of the model.The model identifies situationsthat are commercially advantageous to academics, as well as situations that areunfavorable.In unfavorable situations, the outcomes are either anabandonment of, or a rapid move toward, commercialization. (AKP)

Keywords: Academic research, Colleges & universities, Commercialization, Entrepreneurial faculty, Industrial research, Technology transfer, Market entry, R&D

Suggested Citation

Lacetera, Nicola, Multiple Missions and Academic Entrepreneurship (2006). University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship, Available at SSRN:

Nicola Lacetera (Contact Author)

University of Toronto - Strategic Management ( email )


University of Toronto at Mississauga - Department of Management


National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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