The effectiveness of university technology transfer

Phillip H. Phan, Donald S. Siegel

Research output: Contribution to journalArticle

Abstract

In recent years, there have been numerous studies of the effectiveness of university technology transfer. Such technology transfer mechanisms include licensing agreements between the university and private firms, science parks, incubators, and university-based startups.We review and synthesize these papers and present some pointed recommendations on how to enhance effectiveness. Implementation of these recommendations will depend on the mechanisms that universities choose to stress, based on their technology transfer "strategy." For example, institutions that emphasize the entrepreneurial dimension of technology transfer must address skill deficiencies in technology transfer offices, reward systems that are inconsistent with enhanced entrepreneurial activity and the lack of training for faculty members, post-docs, and graduate students in starting new ventures or interacting with entrepreneurs. Universities will also have to confront a set of issues related to ethics and social responsibility, as they more aggressively pursue technology commercialization. Finally, we suggest some possible theoretical frameworks for additional research.

Original languageEnglish (US)
Pages (from-to)77-144
Number of pages68
JournalFoundations and Trends in Entrepreneurship
Volume2
Issue number2
DOIs
StatePublished - 2006

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics

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