Knowledge creates markets: The influence of entrepreneurial support and patent rights on academic entrepreneurship

Dirk Czarnitzki, Thorsten Doherr, Katrin Hussinger, Paula Schliessler and Andrew A Toole

No 540553, Working Papers of Department of Management, Strategy and Innovation, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven

Abstract: We use an exogenous change in German Federal law to examine how entrepreneurial support and the ownership of patent rights influence academic entrepreneurship. In 2002, the German Federal Government enacted a major reform called Knowledge Creates Markets that set up new infrastructure to facilitate university-industry technology transfer and shifted the ownership of patent rights from university researchers to their universities. Based on a novel researcher-level panel database that includes a control group not affected by the policy change, we find no evidence that the new infrastructure resulted in an increase in start-up companies by university researchers. The shift in patent rights may have strengthened the relationship between patents on university-discovered inventions and university start-ups; however, it substantially decreased the volume of patents with the largest decrease taking place in faculty-firm patenting relationships.

Keywords: Intellectual property; patents; technology transfer; policy evaluation (search for similar items in EconPapers)
Date: 2016-05
New Economics Papers: this item is included in nep-cse, nep-ent, nep-eur, nep-ino, nep-ipr, nep-pr~, nep-knm and nep-sbm
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Citations: View citations in EconPapers (2)

Published in FEB Research Report - MSI_1604

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Related works:
Journal Article: Knowledge Creates Markets: The influence of entrepreneurial support and patent rights on academic entrepreneurship (2016)
Working Paper: Knowledge Creates Markets: The Influence of Entrepreneurial Support and Patent Rights on Academic Entrepreneurship (2016)
Working Paper: Knowledge creates markets: The influence of entrepreneurial support and patent rights on academic entrepreneurship (2016)
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