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Are Faculty Critical? Their Role in University–Industry Licensing

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  • Jerry G. Thursby
  • Marie C. Thursby

Abstract

Understanding the nature of the involvement of faculty in university licensing is important for understanding how technology is transferred through licensing as well as more controversial issues, such as the need for university licensing. Using data from a survey of firms that actively license in from universities, the authors explore the importance of faculty in the licensing and development of inventions, as well as how and why they are used and how the use of faculty relates to characteristics of firms. In particular, the authors find that the use of faculty through sponsored research in lieu of a license is closely related to the amount of basic research conducted by firms, whereas the use of faculty within the terms of a license is related to the prevalence of personal contacts between industry research and development researchers and university faculty. (JEL J44, 031)

Suggested Citation

  • Jerry G. Thursby & Marie C. Thursby, 2004. "Are Faculty Critical? Their Role in University–Industry Licensing," Contemporary Economic Policy, Western Economic Association International, vol. 22(2), pages 162-178, April.
    • Handle: RePEc:bla:coecpo:v:22:y:2004:i:2:p:162-178
    DOI: 10.1093/cep/byh012
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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