Universities and the Success of Entrepreneurial Ventures: Evidence from the Small Business Innovation Research Program

Donald Siegel and Charles Wessner
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Charles Wessner: Board on Science, Technology, and Economic Policy National Research Council

No 1, Working Papers from Jerusalem Institute for Market Studies (JIMS)

Abstract: There has been little direct, systematic empirical analysis of the role that universities play in enhancing the success of entrepreneurial ventures. We attempt to fill this gap by analyzing data from the SBIR program, a set-aside program that requires key federal agencies (e.g., Department of Defense) to allocate 2.5 percent of their research budget to small firms that attempt to commercialize new technologies. Based on estimation of Tobit and negative binomial regressions of the determinants of commercial success, we find that start-ups with closer ties to universities achieve higher levels of performance.

JEL-codes: M13 O31 O32 O38 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2009-03
New Economics Papers: this item is included in nep-edu, nep-ent and nep-ino
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Journal Article: Universities and the success of entrepreneurial ventures: evidence from the small business innovation research program (2012)
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