The Impact of Institution Quality, Cluster Strength and TLO Licensing Capacity on the Rate of Academic Staff Spin-offs

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dc.contributor.author Avnimelech, Gil en_US
dc.contributor.author Feldman, Maryann en_US
dc.date.accessioned 2012-02-10T20:12:51Z
dc.date.available 2012-02-10T20:12:51Z
dc.date.issued 2011-09-17 en_US
dc.identifier.uri http://hdl.handle.net/1853/42585
dc.description Atlanta Conference on Science and Innovation Policy 2011 en_US
dc.description This 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.abstract This 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.publisher Georgia Institute of Technology en_US
dc.relation.ispartofseries ACSIP11. General Papers en_US
dc.subject Entrepreneurship en_US
dc.subject Academic spawning en_US
dc.subject New firm founders en_US
dc.subject Spin-off firms en_US
dc.subject Regional economic development en_US
dc.title The Impact of Institution Quality, Cluster Strength and TLO Licensing Capacity on the Rate of Academic Staff Spin-offs en_US
dc.type Proceedings en_US
dc.contributor.corporatename Ḳiryah ha-aḳademit Ono en_US


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