Universities and the success of entrepreneurial ventures: Evidence from the small business innovation research program

Donald S. Siegel, Charles Wessner

Research output: Contribution to journalArticle

40 Scopus citations

Abstract

There has been little direct, systematic empirical analysis of the role that universities play in enhancing the success of entrepreneurial ventures. We attempt to fill this gap by analyzing data from the US SBIR program, a "set-aside" program that requires key federal agencies (e. g., Department of Defense) to allocate 2. 5% of their research budget to small firms that attempt to commercialize new technologies. Based on estimation of Tobit and negative binomial regressions of the determinants of commercial success, we find that start-ups with closer ties to universities achieve higher levels of performance.

Original languageEnglish (US)
Pages (from-to)404-415
Number of pages12
JournalJournal of Technology Transfer
Volume37
Issue number4
DOIs
StatePublished - Aug 1 2012
Externally publishedYes

Keywords

  • Commercialization
  • Entrepreneurship
  • Small business innovation research program (SBIR)
  • University technology transfer

ASJC Scopus subject areas

  • Business and International Management
  • Accounting
  • Engineering(all)

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