Academic Entrepreneurship: University Spinoffs and Wealth by Scott Andrew Shane

By Scott Andrew Shane

In the course of my tenure at Cornell University's Entrepreneur In place of dwelling, i discovered Scott Shane's e-book to be a worthy source packed with facts and perception.

Show description

Read Online or Download Academic Entrepreneurship: University Spinoffs and Wealth Creation (New Horizons in Entrepreneurship Series,) PDF

Similar small business & entrepreneurship books

Financial Engineering: A Handbook of Derivative Products

The monetary marketplace is stuffed with doubtless more and more complicated monetary items, frequently with really good and strage-sounding names. even though, beneath the gloss, issues are less complicated than they appear. This e-book goals to de-mystify the jargon and explains what's moving into the sector of monetary engineering.

The Most Successful Small Business in The World: The Ten Principles

"Gerber's books by no means disappoint. those Ten ideas assist you dig in to create more moderen, higher principles in the course of our deeply afflicted instances, eventually generating a superb renewal—of brain, of physique, of spirit, and resulting in a brand new working method the place something is feasible and progress is outfitted into the tradition.

The Old Girls' Network: Insider Advice for Women Building Businesses in a Man's World

Why is it that ninety five percentage of all investor financing for brand new companies is going to males? girls definitely do not lack manageable enterprise principles or the management talents to lead them to jump, but-as the authors, 4 hugely profitable marketers and traders, explain-female creativity and heartfelt dedication on my own do not motivate seed-money choice makers.

Start Your Own Business, Fifth Edition: The Only Start-Up Book You'll Ever Need

Faucet into greater than 30 years of small company services as you embark at the so much game-changing trip of your lifestyles – your new enterprise. This unequalled consultant - the best-selling company startup ebook of all time - deals serious startup necessities and a present, entire view of what it takes to outlive the an important first 3 years, giving your precisely what you must live to tell the tale and be triumphant.

Extra info for Academic Entrepreneurship: University Spinoffs and Wealth Creation (New Horizons in Entrepreneurship Series,)

Example text

As a result, inventors are more inclined to work with new companies seeking to commercialize their university inventions than they are to work with established companies seeking to commercialize their inventions. Second, start-up firms focus more of their attention on technology development as opposed to other aspects of business, and university researchers are more interested in technology development than in other aspects of business. Consequently, university inventors generally believe that they fit in better with spinoff companies and can contribute more to their development of technologies than they can to the development of technologies by established firms.

Why do university spinoffs matter? 35 Lastly, this inventor–founder adds, even if the potential champion can get the technology licensed and does not leave the company, that person might not ‘have the vision, resources, and commitment to elaborate the technology so that it will see the light of day’. Some large sample empirical evidence also suggests that universities earn greater returns from creating spinoffs than they do from licensing to established companies. The best data on university returns from taking equity in spinoffs and from royalties from licensing to established companies come from the United Kingdom.

Third, established companies will not pay very much to license university inventions. In general, universities can charge licensees only small milestone payments, measured in the thousands of dollars, and royalties as a small percentage of sales from successfully commercialized inventions. In part, the low prices for university inventions reflect the fact that few university inventions attract multiple bidders (Jansen and Dillon, 1999), leaving universities to take the offers that they receive, or fail to license their technologies.

Download PDF sample

Rated 4.21 of 5 – based on 25 votes

Related posts