Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10494067 | Journal of Business Venturing | 2005 | 23 Pages |
Abstract
Based on interviews with 128 UTTO directors, we show that whereas for-profit UTTO structures are positively related to new venture formation, traditional university and nonprofit UTTO structures are more likely to correlate with the presence of university-based business incubators. Licensing-for-equity strategy is positively related to new venture formation while sponsored research licensing strategy is negatively related. Interestingly, the licensing-for-cash strategy, the most prevalent transfer strategy, is least correlated to new venture formation. A content analysis of UTTO mission statements also revealed an overemphasis on royalty income and an underemphasis on entrepreneurship. The paper concludes with a discussion that outlines some of the implications and limitations of our model.
Related Topics
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Authors
Gideon D. Markman, Phillip H. Phan, David B. Balkin, Peter T. Gianiodis,