WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017
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WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017
WARWICKManuscript version: Author's Accepted ManuscriptThe version presented in WRAP is the author's accepted manuscript and may differ from the publi WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017ished version or Version of Record.Persistent WRAP URL:http://wrap.warwick.ac.uk/106979How to cite:Please refer to published version for the most recent bibliographic citation information. If a published version is known of, the repository item page linked to above, will contain details on accessing WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017 it.Copyright and reuse:The Warwick Research Archive Portal (WRAP) makes this work by researchers of the University of Warwick available open access uWRAP-effects-academic-incubators-university-innovation-Kolympiris-2017
nder the following conditions.Copyright © and all moral rights to the version of the paper presented here belong to the individual author(s) and/or otWARWICKManuscript version: Author's Accepted ManuscriptThe version presented in WRAP is the author's accepted manuscript and may differ from the publi WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017available.Copies of full items can be used for personal research or study, educational, or not-for-profit purposes without prior permission or charge. Provided that the authors, title and full bibliographic details are credited, a hyperlink and/or URL is given for the original metadata page and the WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017content Is not changed in any way.Publisher's statement:Please refer to the repository item page, publisher's statement section, for further InformatiWRAP-effects-academic-incubators-university-innovation-Kolympiris-2017
on.For more information, please contact the WRAP Team at: wrap(®warwick.ac.uk.Warwick.ac.uk/lib-publicationsAcademic Incubators and University InnovatWARWICKManuscript version: Author's Accepted ManuscriptThe version presented in WRAP is the author's accepted manuscript and may differ from the publi WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017irisid bath.ac.ukPeter G. KleinProfessorHankamer School of Business Baylor UniversityPeter Kleitfa bavlor.eduPublished in Strategic Entrepreneurship JournalResearch summaryIn this paper we analyze the impact of academic incubators on the quality of innovations produced by US research-intensive acade WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017mic institutions. We show that establishing a university-affiliated incubator is followed by a reduction in the quality of university innovations. TheWRAP-effects-academic-incubators-university-innovation-Kolympiris-2017
conclusion holds when we control for the endogeneity of the decision to establish an incubator using the presence of incubators at peer institutions WARWICKManuscript version: Author's Accepted ManuscriptThe version presented in WRAP is the author's accepted manuscript and may differ from the publi WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017cubators 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.Managerial summaryDo university incubators drain resources from other university efforts WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017to generate innovations with commercial relevance? Our analysis suggests that they do: after research intensive US universities establish incubators tWRAP-effects-academic-incubators-university-innovation-Kolympiris-2017
he quality of university innovations, which we measure with patents. drops. This finding has immediate implications for practice as it suggests that tWARWICKManuscript version: Author's Accepted ManuscriptThe version presented in WRAP is the author's accepted manuscript and may differ from the publi WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017e of the university. It follows that measuring the net economic effect of incubators is challenging because besides the effects on innovation efforts the presence of an incubator may attract particular kinds of faculty and students, enhance the prestige of the university, generate economic multiplie WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017r effects and benefit the community as a whole.JEL: C23. C26. L26. 031.032Keywords: Incubators, patents, innovation, forward citations, licensing1. IMWRAP-effects-academic-incubators-university-innovation-Kolympiris-2017
ROD I CliOXUniversities are increasingly tasked with fostering entrepreneurship and innovation, encouraged to generate revenues from research produceWARWICKManuscript version: Author's Accepted ManuscriptThe version presented in WRAP is the author's accepted manuscript and may differ from the publi WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017 entrepreneurial university reflects two recent trends, First, universities arc increasingly patenting research with commercial potential and subsequently seeking to increase their licensing revenues (Bulut and Moschini. 2009; Henderson cl al.. 1998). Al the same lime, universities arc creating incu WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017bator facilities to assist faculty members, university graduates, community members, or other parties to start new firms that not only contribute to lWRAP-effects-academic-incubators-university-innovation-Kolympiris-2017
ocal economic growth, but also generate income for the university which often holds equity positions in the incubator’s tenant firms.Establishing univWARWICKManuscript version: Author's Accepted ManuscriptThe version presented in WRAP is the author's accepted manuscript and may differ from the publi WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017ia and increasing pressures for public accountability. Moreover, the resources and capabilities used to support start-ups and to generate patented inventions are largely shared; maintaining these two activities simultaneously involves leveraging the same academic knowledge and talent, devoting dedic WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017ated personnel for patent-issuing procedures and auxiliary services to start-ups. as well as directing significant investments for research equipmentWRAP-effects-academic-incubators-university-innovation-Kolympiris-2017
that can be used not only by university faculty and staff but also by' incubator tenants. By extension, the overlap of goals and resources between uniWARWICKManuscript version: Author's Accepted ManuscriptThe version presented in WRAP is the author's accepted manuscript and may differ from the publi WRAP-effects-academic-incubators-university-innovation-Kolympiris-2017 the twin channels of patenting and incubator activities are connected. This observation calls for reflection upon the basic, yet unexplored.2WARWICKManuscript version: Author's Accepted ManuscriptThe version presented in WRAP is the author's accepted manuscript and may differ from the publiGọi ngay
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