Donald Siegel () (School of Business University at Albany, SUNY) Charles Wessner (Board on Science, Technology, and Economic Policy National Research Council)
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There has been little direct, systematic empirical analysis of the role that universities play in enhancing the success of entrepreneurial ventures. We attempt to fill this gap by analyzing data from the SBIR program, a set-aside program that requires key federal agencies (e.g., Department of Defense) to allocate 2.5 percent of their research budget to small firms that attempt to commercialize new technologies. Based on estimation of Tobit and negative binomial regressions of the determinants of commercial success, we find that start-ups with closer ties to universities achieve higher levels of performance.
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Paper provided by Jerusalem Institute for Market Studies (JIMS) in its series Working Papers with number
1.