Public research and innovative entrepreneurship : preliminary cross-country evidence from micro data / Stefano Breschi, Julie Lassébie, Alexander Lembcke, Carlo Menon, and Caroline Paunov

Lassébie, Julie [VerfasserIn] ; Lembcke, Alexander [VerfasserIn] ; Menon, Carlo [VerfasserIn] ; Paunov, Caroline [VerfasserIn]

Englisch

[Paris] : OECD Publishing, 2019

1 Online-Ressource (circa 52 Seiten) : Illustrationen

DOI: 10.1787/0d057da7-en

*Science and Technology

Amtsdruckschrift / Government document

Journal of Economic Literature: L26

Journal of Economic Literature: O30

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.

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