The Effects of Academic Incubators on University Innovation

Baugh Center for Entrepreneurship and Free Enterprise, Research Working Paper 2016-04

49 Pages Posted: 6 Dec 2016  

Christos Kolympiris

University of Warwick - Warwick Business School

Peter G. Klein

Baylor University - Hankamer School of Business; Norwegian School of Economics (NHH) - Department of Strategy and Management; Ludwig von Mises Institute

Date Written: December 5, 2016

Abstract

We analyze the impact of academic incubators on the quality of innovations produced by US research-intensive academic institutions. We show that establishing a university-affiliated incubator is followed by a reduction in the quality of university innovations. The conclusion holds when we control for the endogeneity of the decision to establish an incubator using the presence of incubators at peer institutions as an instrument. We also document a reduction in licensing income following the establishment of an incubator. The results suggest that university incubators compete for resources with technology transfer offices and other campus programs and activities, such that the useful outputs they generate can be partially offset by reductions in innovation elsewhere.

Keywords: incubators, patents, innovation, forward citations

JEL Classification: C23, C26, L26, O31, O32

Suggested Citation

Kolympiris, Christos and Klein, Peter G., The Effects of Academic Incubators on University Innovation (December 5, 2016). Baugh Center for Entrepreneurship and Free Enterprise, Research Working Paper 2016-04. Available at SSRN: https://ssrn.com/abstract=2881108 or http://dx.doi.org/10.2139/ssrn.2881108

Christos Kolympiris

University of Warwick - Warwick Business School ( email )

Coventry CV4 7AL
United Kingdom

Peter G. Klein (Contact Author)

Baylor University - Hankamer School of Business ( email )

Waco, TX 76798
United States
254-710-4903 (Phone)

Norwegian School of Economics (NHH) - Department of Strategy and Management ( email )

Breiviksveien 40
N-5045 Bergen
Norway

Ludwig von Mises Institute ( email )

Auburn, AL
United States

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