Bringing Science to Market: Commercializing from NIH SBIR Awards

Albert N. Link and Christopher Ruhm ()

No 14057, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We offer empirical information on the correlates of commercialization activity for research projects funded through the U.S. National Institutes of Health's (NIH's) Small Business Innovation Research (SBIR) award program. Based on this analysis we suggest possible recommendations for improving this aspect of the performance of NIH's SBIR program. Specifically, we estimate a model of the probability of commercialization as a function of the project's ability to attract additional developmental funding, along with other control variables. We find that additional developmental funding from non-SBIR federal sources and from own internal sources are important predictors of commercialization success, relatively more so than additional developmental funding from venture capitalists. We also find, among other things, that university involvement in the underlying research increases the probability of commercialization. Thus, these factors should be considered by NIH when making awards, if increased commercialization is an objective.

JEL-codes: I28 O38 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-ino, nep-ipr and nep-ppm
Date: 2008-06
Note: HC HE IO PR
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