Biomedical Academic Entrepreneurship Through the SBIR Program

Andrew A. Toole and Dirk Czarnitzki

No 11450, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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 follow-on venture capital funding, SBIR program completion, and patenting.

JEL-codes: C25 G38 M13 O31 O38 (search for similar items in EconPapers)
Date: 2005-07
New Economics Papers: this item is included in nep-ent, nep-ino and nep-tid
Note: PR
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Published as Toole, Andrew A. and Dirk Czarnitzki. "Biomedical academic entrepreneurship through the SBIR program." Journal of Economic Behavior & Organization 63, 4 (August 2007): 716-738 .
Published as Biomedical Academic Entrepreneurship through the SBIR Program , Andrew Toole, Dirk Czarnitzki. in Academic Science and Entrepreneurship: Dual Engines of Growth , Jaffe, Lerner, Stern, and Thursby. 2007

Downloads: (external link)
http://www.nber.org/papers/w11450.pdf (application/pdf)

Related works:
Chapter: Biomedical Academic Entrepreneurship through the SBIR Program (2007)
Journal Article: Biomedical academic entrepreneurship through the SBIR program (2007)
Working Paper: Biomedical Academic Entrepreneurship Through the SBIR Program (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:11450

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w11450

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().