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Opening the ivory tower's door: An analysis of the determinants of the formation of U.S. university spin-off companies

, and . Research Policy, 34 (7): 1106--1112 (September 2005)
DOI: 10.1016/j.respol.2005.05.015

Abstract

This paper presents findings from an analysis of the determinants of the formation of university spin-off companies within the university's research park. We find that university spin-off companies are a greater proportion of the companies in older parks and in parks that are associated with richer university research environments. We also find that university spin-off companies are a larger proportion of companies in parks that are geographically closer to their university and in parks that have a biotechnology focus.

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