Knowledge creates markets : the influence of entrepreneurial support and patent rights on academic entrepreneurship


Czarnitzki, Dirk ; Doherr, Thorsten ; Hussinger, Katrin ; Schliessler, Paula ; Toole, Andrew A.


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URL: https://ub-madoc.bib.uni-mannheim.de/41074
URN: urn:nbn:de:bsz:180-madoc-410742
Document Type: Working paper
Year of publication: 2016
The title of a journal, publication series: ZEW Discussion Papers
Volume: 16-036
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > Zentrum für Europ. Wirtschaftsforschung (ZEW) (-2018)
MADOC publication series: Veröffentlichungen des ZEW (Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: O34 , O38,
Keywords (English): Intellectual property , patents , technology transfer , policy evaluation
Abstract: We use an exogenous change in German Federal law to examine how entrepreneurial support and the ownership of patent rights influence academic entrepreneurship. In 2002, the German Federal Government enacted a major reform called Knowledge Creates Markets that set up new infrastructure to facilitate university-industry technology transfer and shifted the ownership of patent rights from university researchers to their universities. Based on a novel researcher-level panel database that includes a control group not affected by the policy change, we find no evidence that the new infrastructure resulted in an increase in start-up companies by university researchers. The shift in patent rights may have strengthened the relationship between patents on university-discovered inventions and university start-ups; however, it substantially decreased the volume of patents with the largest decrease taking place in faculty-firm patenting relationships.

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Czarnitzki, Dirk ; Doherr, Thorsten ; Hussinger, Katrin ; Schliessler, Paula ; Toole, Andrew A. (2016) Knowledge creates markets : the influence of entrepreneurial support and patent rights on academic entrepreneurship. Open Access Mannheim [Working paper]
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