Knowledge Creates Markets: The Influence of Entrepreneurial Support and Patent Rights on Academic Entrepreneurship

European Economic Review, Forthcoming

KU Leuven, Faculty of Economics and Business, MSI_1604

48 Pages Posted: 21 May 2016

See all articles by Dirk Czarnitzki

Dirk Czarnitzki

KU Leuven - Department of Managerial Economics, Strategy, and Innovation

Thorsten Doherr

ZEW – Leibniz Centre for European Economic Research

Katrin Hussinger

Universite du Luxembourg; Catholic University of Leuven (KUL); Centre for European Economic Research (ZEW)

Paula Schliessler

ZEW – Leibniz Centre for European Economic Research

Andrew A. Toole

US Patent and Trademark Office

Multiple version iconThere are 2 versions of this paper

Date Written: April 1, 2016

Abstract

We use an exogenous change in German Federal law to examine how entrepreneurial support and the ownership of patent rights influence academic entrepreneurship. In 2002, the German Federal Government enacted a major reform called Knowledge Creates Markets that set up new infrastructure to facilitate university-industry technology transfer and shifted the ownership of patent rights from university researchers to their universities. Based on a novel researcher-level panel database that includes a control group not affected by the policy change, we find no evidence that the new infrastructure resulted in an increase in start-up companies by university researchers. The shift in patent rights may have strengthened the relationship between patents on university-discovered inventions and university start-ups; however, it substantially decreased the volume of patents with the largest decrease taking place in faculty-firm patenting relationships.

Keywords: Intellectual property, patents, technology transfer, policy evaluation

JEL Classification: O34, O38

Suggested Citation

Czarnitzki, Dirk and Doherr, Thorsten and Hussinger, Katrin and Schliessler, Paula and Toole, Andrew A., Knowledge Creates Markets: The Influence of Entrepreneurial Support and Patent Rights on Academic Entrepreneurship (April 1, 2016). European Economic Review, Forthcoming, KU Leuven, Faculty of Economics and Business, MSI_1604, Available at SSRN: https://ssrn.com/abstract=2782360

Dirk Czarnitzki (Contact Author)

KU Leuven - Department of Managerial Economics, Strategy, and Innovation ( email )

Naamsestraat 69 bus 3500
Leuven, 3000
Belgium

Thorsten Doherr

ZEW – Leibniz Centre for European Economic Research ( email )

P.O. Box 10 34 43
L 7,1
D-68161 Mannheim
Germany

Katrin Hussinger

Universite du Luxembourg ( email )

L-1511 Luxembourg
Luxembourg

Catholic University of Leuven (KUL) ( email )

Steunpunt O&O Statistieken
Dekenstraat 2
B-3000 Leuven
Belgium

Centre for European Economic Research (ZEW) ( email )

P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany

Paula Schliessler

ZEW – Leibniz Centre for European Economic Research ( email )

P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany

Andrew A. Toole

US Patent and Trademark Office ( email )

Alexandria
VA 22313-1451
United States

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