From Laboratory to Market: On the Propensity of Young Inventors to Form a New Business

Albert Link and Dianne H. B. Welsh ()
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Dianne H. B. Welsh: University of North Carolina at Greensboro, Department of Economics

No 11-11, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: Many researchers have studied correlates of business formations. Through the case-based and statistical literature several broad categories of influence on the entrepreneurial decision to start a new business have been identified. We contribute to this literature though our statistical analysis of a unique database of young inventive scientists and engineers and their propensity toward a new business formation. Our particular focus is on young inventors starting a business based on their creative achievements. Among this group do not find empirical support for the influence of traditional variables—such as age, education, and gender—on the propensity to start a new business. Rather, we find that their entrepreneurial experience as a new business proprietor is driven by dimensions of their university laboratory research experience.

Keywords: Entrepreneurship; business formation; patents (search for similar items in EconPapers)
JEL-codes: L26 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2011-05-03
New Economics Papers: this item is included in nep-ent, nep-ino, nep-ipr, nep-pr~ and nep-sbm
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Citations: View citations in EconPapers (4)

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Journal Article: From laboratory to market: on the propensity of young inventors to form a new business (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2011_011

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