This paper examines whether university ownership of inventions made by its personnel best serves the widely held social goals of encouraging technology commercialization and entrepreneurship. Using a hand-collected census of technology-based university spin-offs from six universities, one of which is the University of Waterloo and the only inventor ownership university in North America, we compare the number and type of spin-offs produced by these universities. We find suggestive evidence that inventor ownership universities can be more efficient in generating spin-offs on both per faculty and per R&D dollar expended perspective. We find that the field of computer sciences and electrical engineering generates a greater number of spin-offs than do our other two categories – the biomedical sciences, and the field of engineering and the physical sciences. In general, our results demonstrate that inventor ownership can be extremely productive of spin-offs. From these results, we suggest that governments seeking to encourage university invention commercialization and entrepreneurship should experiment with an inventor ownership system.
:Users/Miguel/Dropbox/Escola/Artigos/Kenney, Patton\_2011\_Does inventor ownership encourage university research-derived entrepreneurship A six university comparison.pdf:pdf
%0 Journal Article
%1 Kenney2011
%A Kenney, Martin
%A Patton, Donald
%D 2011
%I Elsevier B.V.
%J Research Policy
%K Act,Entrepreneurship,IPPolicie,Inventor Bayh-Dole licensing,UniversityPerformance ownership,StandardMetrics,USA,University technology
%N 8
%P 1100--1112
%R 10.1016/j.respol.2011.05.012
%T Does inventor ownership encourage university research-derived entrepreneurship? A six university comparison
%U http://linkinghub.elsevier.com/retrieve/pii/S004873331100093X
%V 40
%X This paper examines whether university ownership of inventions made by its personnel best serves the widely held social goals of encouraging technology commercialization and entrepreneurship. Using a hand-collected census of technology-based university spin-offs from six universities, one of which is the University of Waterloo and the only inventor ownership university in North America, we compare the number and type of spin-offs produced by these universities. We find suggestive evidence that inventor ownership universities can be more efficient in generating spin-offs on both per faculty and per R&D dollar expended perspective. We find that the field of computer sciences and electrical engineering generates a greater number of spin-offs than do our other two categories – the biomedical sciences, and the field of engineering and the physical sciences. In general, our results demonstrate that inventor ownership can be extremely productive of spin-offs. From these results, we suggest that governments seeking to encourage university invention commercialization and entrepreneurship should experiment with an inventor ownership system.
@article{Kenney2011,
abstract = {This paper examines whether university ownership of inventions made by its personnel best serves the widely held social goals of encouraging technology commercialization and entrepreneurship. Using a hand-collected census of technology-based university spin-offs from six universities, one of which is the University of Waterloo and the only inventor ownership university in North America, we compare the number and type of spin-offs produced by these universities. We find suggestive evidence that inventor ownership universities can be more efficient in generating spin-offs on both per faculty and per R\&D dollar expended perspective. We find that the field of computer sciences and electrical engineering generates a greater number of spin-offs than do our other two categories – the biomedical sciences, and the field of engineering and the physical sciences. In general, our results demonstrate that inventor ownership can be extremely productive of spin-offs. From these results, we suggest that governments seeking to encourage university invention commercialization and entrepreneurship should experiment with an inventor ownership system.},
added-at = {2012-02-27T06:11:36.000+0100},
author = {Kenney, Martin and Patton, Donald},
biburl = {https://www.bibsonomy.org/bibtex/26d581c5eb07f6f7ff798776ef3fb7d72/kamil205},
doi = {10.1016/j.respol.2011.05.012},
file = {:Users/Miguel/Dropbox/Escola/Artigos/Kenney, Patton\_2011\_Does inventor ownership encourage university research-derived entrepreneurship A six university comparison.pdf:pdf},
interhash = {77e5fe6f3204120c8c63ce70cf98b254},
intrahash = {6d581c5eb07f6f7ff798776ef3fb7d72},
issn = {00487333},
journal = {Research Policy},
keywords = {Act,Entrepreneurship,IPPolicie,Inventor Bayh-Dole licensing,UniversityPerformance ownership,StandardMetrics,USA,University technology},
mendeley-tags = {IPPolicie,StandardMetrics,USA,UniversityPerformance},
month = oct,
number = 8,
pages = {1100--1112},
publisher = {Elsevier B.V.},
timestamp = {2012-02-27T06:12:00.000+0100},
title = {{Does inventor ownership encourage university research-derived entrepreneurship? A six university comparison}},
url = {http://linkinghub.elsevier.com/retrieve/pii/S004873331100093X},
volume = 40,
year = 2011
}