The Entrepreneurial Commercialization of Science: Evidence From 'Twin' Discoveries

24 Pages Posted: 20 Jan 2019

See all articles by Matt Marx

Matt Marx

Boston University - Questrom School of Business

David H. Hsu

University of Pennsylvania - Management Department

Date Written: January 6, 2019

Abstract

When are scientific advances translated into commercial products via startup formation? Although prior literature has offered several categories of answers, the commercial potential of a scientific advance is generally unobserved and potentially confounding. We assemble a sample of over 20,000 “twin” scientific discoveries in order to hold constant differences in the nature of the scientific advance, thereby allowing us to more precisely examine characteristics that predict startup commercialization. We find that teams of academic scientists whose former collaborators include “star” serial entrepreneurs are much more likely to commercialize their own discoveries via startups, as are more interdisciplinary teams of scientists.

Keywords: technology commercialization, entrepreneurship, technology transfer

Suggested Citation

Marx, Matt and Hsu, David H., The Entrepreneurial Commercialization of Science: Evidence From 'Twin' Discoveries (January 6, 2019). Boston University Questrom School of Business Research Paper Forthcoming. Available at SSRN: https://ssrn.com/abstract=3312499 or http://dx.doi.org/10.2139/ssrn.3312499

Matt Marx (Contact Author)

Boston University - Questrom School of Business ( email )

595 Commonwealth Ave
Boston, MA 02466
United States

David H. Hsu

University of Pennsylvania - Management Department ( email )

The Wharton School
Philadelphia, PA 19104-6370
United States
215-746-0125 (Phone)
215-898-0401 (Fax)

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