Arbeitspapier

Biomedical Academic Entrepreneurship Through the SBIR Program

This paper considers the U.S. Small Business Innovation Research (SBIR) program as a policy fostering academic entrepreneurship. We highlight two main characteristics of the program that make it attractive as an entrepreneurship policy : early-stage financing and scientist involvement in commercialization. Using unique data on NIH supported biomedical researchers, we trace the incidence of biomedical entrepreneurship through SBIR and describe some of the characteristics of these individuals. To explore the importance of early-stage financing and scientist involvement, we complement our individual level data with information on scientist-linked and non-linked SBIR firms. Our results show that the SBIR program is being used as a commercialization channel by academic scientists. Moreover, we find that the firms associated with these scientists perform significantly better than other non-linked SBIR firms in terms of followon venture capital funding, SBIR program completion, and patenting.

Sprache
Englisch

Erschienen in
Series: ZEW Discussion Papers ; No. 05-47

Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
Technological Change: Government Policy
Innovation and Invention: Processes and Incentives
New Firms; Startups
Corporate Finance and Governance: Government Policy and Regulation
Thema
Academic entrepreneurship
star scientists
SBIR
Venture Capital
innovation
Hochschulforschung
Biotechnische Forschung
Medizin
Unternehmensgründung
Unternehmer
Gewerbepolitik
USA

Ereignis
Geistige Schöpfung
(wer)
Toole, Andrew A.
Czarnitzki, Dirk
Ereignis
Veröffentlichung
(wer)
Zentrum für Europäische Wirtschaftsforschung (ZEW)
(wo)
Mannheim
(wann)
2005

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Toole, Andrew A.
  • Czarnitzki, Dirk
  • Zentrum für Europäische Wirtschaftsforschung (ZEW)

Entstanden

  • 2005

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