Academic SeminarThe Entrepreneurial Commercialization of Academic Science: Evidence from “Twin” Discoveries
- 2019-12-19 ~ 2019-12-19
- The Building 9th, 7th #9705
- School of Management Engineering
We would like to invite you to participate in Management Engineering(ME) Seminar.
1. When: December 19th (Th), 16:00 ~ 17:30
2. Where: The Building 9th, 7th #9705
3. Speaker: Prof. Matt Marx (Boston University)
4. Topic: The Entrepreneurial Commercialization of Academic Science: Evidence from “Twin” Discoveries
5. Research field: Technology, Organization and Strategic Management
* Lecture will be delivered in English.
* Seminar materials will be provided in the class.
When are scientific advances in academia commercialized via startup formation? Prior literature has identified several contributing factors, but the commercial potential of a nascent discovery is generally unobserved and potentially confounds inference. We construct a sample of over 20,000 “twin” scientific articles, which allows us hold constant differences in the nature of the advance and more precisely examine characteristics that predict startup commercialization. In this framework, several commonly-accepted factors appear not to influence commercialization. However, we find that teams of academic scientists whose former collaborators include “star” serial entrepreneurs are much more likely to commercialize their own discoveries via startups, as are more interdisciplinary teams of scientists.