Details

Autor(en) / Beteiligte

• Breschi, Stefano
• Lassébie, Julie
• Lembcke, Alexander C
• Menon, Carlo
• Paunov, Caroline

Titel

Public research and innovative entrepreneurship

Ist Teil von

• OECD Science, Technology and Industry Policy Papers, 2019-03

Ort / Verlag

Paris: Organisation for Economic Cooperation and Development (OECD)

Erscheinungsjahr

2019

Quelle

Open access e-journals list

Beschreibungen/Notizen

• This paper provides a first assessment of the degree to which public research contributes to innovative entrepreneurship, using data on start-ups and venture capital (VC). It looks at academic start-ups founded by recent undergraduates and doctorate students or researchers. It shows that academic start-ups represent 15% of all start-ups in the specific sample under scrutiny. Their share is higher in science-based technological fields such as biotechnology (23%). Across the majority of countries and technology fields, start-ups created by undergraduate students represent the highest share of all academic start-ups. As to their performance, start-ups founded by researchers are more likely to patent and those founded by students introduce innovations that are more radical compared to other start-ups. While start-ups founded by undergraduate students receive less VC funding and are less likely to exit via IPO or acquisition, those created by researchers are as successful as their non-academic counterparts.