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.
- Language
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Englisch
- Bibliographic citation
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Series: ZEW Discussion Papers ; No. 05-47
- Classification
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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
- Subject
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Academic entrepreneurship
star scientists
SBIR
Venture Capital
innovation
Hochschulforschung
Biotechnische Forschung
Medizin
Unternehmensgründung
Unternehmer
Gewerbepolitik
USA
- Event
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Geistige Schöpfung
- (who)
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Toole, Andrew A.
Czarnitzki, Dirk
- Event
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Veröffentlichung
- (who)
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Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (where)
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Mannheim
- (when)
-
2005
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Toole, Andrew A.
- Czarnitzki, Dirk
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Time of origin
- 2005
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