Biomedical Academic Entrepreneurship Through the SBIR Program


Toole, Andrew A. ; Czarnitzki, Dirk


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URL: http://ub-madoc.bib.uni-mannheim.de/1121
URN: urn:nbn:de:bsz:180-madoc-11210
Document Type: Working paper
Year of publication: 2005
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: O31 O38 M13 C25 G38 ,
Subject headings (SWD): Innovation , USA / Small Business Administration , Risikokapital , Biomedizin , Wissenschaftler
Abstract: This paper considers the U.S. Small Business Innovation Research (SBIR) program as a policy fostering academic entrepreneurship. We highlight two main characteristics of the program that make it attractive as an entrepreneurship policy: early-stage financing and scientist involvement in commercialization. Using unique data on NIH supported biomedical researchers, we trace the incidence of biomedical entrepreneurship through SBIR and describe some of the characteristics of these individuals. To explore the importance of early-stage financing and scientist involvement, we complement our individual level data with information on scientist-linked and non-linked SBIR firms. Our results show that the SBIR program is being used as a commercialization channel by academic scientists. Moreover, we find that the firms associated with these scientists perform significantly better than other non-linked SBIR firms in terms of followon venture capital funding, SBIR program completion, and patenting.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Toole, Andrew A. ; Czarnitzki, Dirk (2005) Biomedical Academic Entrepreneurship Through the SBIR Program. Open Access [Working paper]
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