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dc.contributor.authorAvnimelech, Gilen_US
dc.contributor.authorFeldman, Maryannen_US
dc.date.accessioned2012-02-10T20:12:51Z
dc.date.available2012-02-10T20:12:51Z
dc.date.issued2011-09-17en_US
dc.identifier.urihttp://hdl.handle.net/1853/42585
dc.descriptionAtlanta Conference on Science and Innovation Policy 2011en_US
dc.descriptionThis material is presented to ensure timely dissemination of scholarly and technical work. Copyright and all rights therein are retained by authors or by other copyright holders. All persons copying this information are expected to adhere to the terms and constraints invoked by each author's copyright. In most cases, these works may not be reposted without the explicit permission of the copyright holder. ©2011 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.
dc.description.abstractThis paper examines the spawning of new company founders' from 124 leading U.S. academic institutions, using a unique database. We examine both local and non-local spin-offs of academic faculty members. Accordingly, the rate of spawning is positively affected by the institution quality, the strength of the local entrepreneurial cluster in the region where the institution is located, and the share of R&D expenditure financed by the federal government. On the other, hand the effectiveness of the university technology licensing office (measured by license revenues per R&D expenditure) has a negative impact on the rate of academic spawning. Moreover, we find evidence that after controlling for the entire institution rank, the rank of the business school has a positive and significant impact on the institution spawning rate. When comparing the local spinoffs to non-local spin-offs we find that 42% of faculty spin-offs are created in the region of the academic institution. This finding contrasts the common notion that most of the academic spin-offs are local. Not surprisingly, we find that local cluster culture and local availability of VC has very limited impact on non-local academic spin-offs. Moreover, institution R&D expenditure and sources of R&D finance has low impact on non-local academic spin-offs.en_US
dc.publisherGeorgia Institute of Technologyen_US
dc.relation.ispartofseriesACSIP11. General Papersen_US
dc.subjectEntrepreneurshipen_US
dc.subjectAcademic spawningen_US
dc.subjectNew firm foundersen_US
dc.subjectSpin-off firmsen_US
dc.subjectRegional economic developmenten_US
dc.titleThe Impact of Institution Quality, Cluster Strength and TLO Licensing Capacity on the Rate of Academic Staff Spin-offsen_US
dc.typeProceedingsen_US
dc.contributor.corporatenameḲiryah ha-aḳademit Onoen_US


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