Universities and the Success of Entrepreneurial Ventures: Evidence from the Small Business Innovation Research Program

21 Pages Posted: 14 Nov 2009

See all articles by Donald S. Siegel

Donald S. Siegel

Arizona State University

Charles Wessner

The National Academies - National Research Council (NRC)

Date Written: November 12, 2009

Abstract

There has been little direct, systematic empirical analysis of the role that universities play in enhancing the success of entrepreneurial ventures. We attempt to fill this gap by analyzing data from the SBIR program, a “set-aside” program that requires key federal agencies (e.g., Department of Defense) to allocate 2.5 percent of their research budget to small firms that attempt to commercialize new technologies. Based on estimation of Tobit and negative binomial regressions of the determinants of commercial success, we find that start-ups with closer ties to universities achieve higher levels of performance.

Keywords: University Technology Transfer, Small Business Innovation Research (SBIR), commercialization, entrepreneurship

JEL Classification: M13, O31, O32, O38

Suggested Citation

Siegel, Donald S. and Wessner, Charles, Universities and the Success of Entrepreneurial Ventures: Evidence from the Small Business Innovation Research Program (November 12, 2009). Available at SSRN: https://ssrn.com/abstract=1505006 or http://dx.doi.org/10.2139/ssrn.1505006

Donald S. Siegel (Contact Author)

Arizona State University ( email )

411 North Central
Phoenix, AZ 85004
United States
6024961101 (Phone)

Charles Wessner

The National Academies - National Research Council (NRC) ( email )

United States

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