@article{ceced0af1acb4b1a80aa8ab11caf4426,
title = "The rise of entrepreneurial activity at universities: Organizational and societal implication",
abstract = "Universities are increasingly emphasizing the creation of new companies as a mechanism for commercialization of intellectual property. This special issue provides a timely opportunity to assess the rise of entrepreneurial activity at universities and its organizational and societal implications. In this introductory article, we summarize the papers from the special issue and frame them in the context of the literature. In the concluding section, we discuss some organizational and societal issues that arise from these papers.",
author = "Siegel, {Donald S.} and Mike Wright and Andy Lockett",
note = "Funding Information: Extensive financial support is now available in many countries to fund the creation and nurturing of spin-offs (Wright et al., 2006; e.g., the UK University Challenge Initiative funding). However, there is some skepticism that such funds will generate returns that cover the cost of investment and generate a surplus for future investment. These programs may not be large enough to become self-sustaining and funding restrictions may also result in suboptimal investment. Ownership and returns in highly successful projects are likely to be diluted after subsequent rounds of financing (Clarysse et al., 2007).",
year = "2007",
month = aug,
doi = "10.1093/icc/dtm015",
language = "English (US)",
volume = "16",
pages = "489--504",
journal = "Industrial and Corporate Change",
issn = "0960-6491",
publisher = "Oxford University Press",
number = "4",
}