Public research and innovative entrepreneurship : Preliminary cross-country evidence from micro data

Stefano Breschii ; Julie Lassébieii ; Alexander C. Lembckeii ; Carlo Menoniii ; Caroline Paunovii iBocconi UniversityiiOECDiiiLaterite

Organisation for Economic Co-operation and Development

关键词: knowledge transfer;    public research;    innovative entrepreneurship;    academic entrepreneurship;    student entrepreneurship;   

DOI  :  https://doi.org/10.1787/0d057da7-en

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

This paper provides a first assessment of the degree to which public research contributes to innovative entrepreneurship, using data on start-ups and venture capital (VC). It looks at academic start-ups founded by recent undergraduates and doctorate students or researchers. It shows that academic start-ups represent 15% of all start-ups in the specific sample under scrutiny. Their share is higher in science-based technological fields such as biotechnology (23%). Across the majority of countries and technology fields, start-ups created by undergraduate students represent the highest share of all academic start-ups. As to their performance, start-ups founded by researchers are more likely to patent and those founded by students introduce innovations that are more radical compared to other start-ups. While start-ups founded by undergraduate students receive less VC funding and are less likely to exit via IPO or acquisition, those created by researchers are as successful as their non-academic counterparts.