Startups by Recent University Graduates and their Faculty - Implications for University Entrepreneurship Policy

50 Pages Posted: 1 Feb 2011 Last revised: 22 Mar 2013

See all articles by Thomas B. Astebro

Thomas B. Astebro

HEC Paris - Economics and Decision Sciences

Navid Bazzazian

HEC Paris - Strategy & Business Policy

Serguey Braguinsky

Carnegie Mellon University - Department of Social and Decision Sciences

Date Written: July 30, 2011

Abstract

Earlier research on the role of universities in fostering entrepreneurial economic development almost exclusively covers spin-offs by faculty and staff. In contrast, we provide general evidence from the U.S. showing that the gross flow of science and engineering university graduates’ start-ups is at least an order of magnitude larger than faculty spin-offs, that a recent graduate is twice as likely as her Professor to start a business within three years of graduation, and that the graduates’ spin-offs are not of low quality. Three case studies illustrate how universities may stimulate science and engineering students and recent graduates to create new firms of high quality. We conclude that transforming university goals and practices toward increasing start-ups led by faculty might not be the most effective way for universities to stimulate entrepreneurial economic development.

Keywords: academic entrepreneurship, university entrepreneurship policy,

JEL Classification: M13, I28, R58, H52, H72

Suggested Citation

Astebro, Thomas B. and Bazzazian, Navid and Braguinsky, Serguey, Startups by Recent University Graduates and their Faculty - Implications for University Entrepreneurship Policy (July 30, 2011). Available at SSRN: https://ssrn.com/abstract=1752832 or http://dx.doi.org/10.2139/ssrn.1752832

Thomas B. Astebro (Contact Author)

HEC Paris - Economics and Decision Sciences ( email )

Jouy-en-Josas Cedex, 78351
France

HOME PAGE: http://www.hec.edu/Faculty-Research/Faculty-Directory/ASTEBRO-Thomas

Navid Bazzazian

HEC Paris - Strategy & Business Policy ( email )

Jouy-en-Josas Cedex, 78351
France

Serguey Braguinsky

Carnegie Mellon University - Department of Social and Decision Sciences ( email )

Pittsburgh, PA 15213-3890
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
213
Abstract Views
1,724
rank
144,297
PlumX Metrics