The University and the Start-Up: Lessons from the Past Two Decades

Josh Lerner

A chapter in Essays in Honor of Edwin Mansfield, 2005, pp 209-216 from Springer

Abstract: Abstract This paper explores one of Edwin Mansfield’s enduring interests: the interface between academia and industry. It highlights some key lessons regarding the management of university-based spin-outs, drawing on a variety of sources. I highlight the challenges that the spin-off process poses, the impracticality of directly financing firms through internal venture funds, and the ways in which universities can add value to faculty ventures.

Keywords: spin-off; venture; capitalist; entrepreneurship; venture capital (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1007/0-387-25022-0_16

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