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Public Policy for Academic Entrepreneurship: A review and critical discussion

Author

Listed:
  • Sandström, Christian

    (The Ratio Institute and Chalmers University of Technology)

  • Wennberg, Karl

    (The Ratio Institute and Linköping University)

  • Wallin, Martin

    (Chalmers University of Technology)

  • Zherlygina, Yulia

    (The Ratio institute)

Abstract

This article provides a critical review and discussion of current literature on technology transfer and academic entrepreneurship. Drawing upon the notion of robustness in social systems and public choice theory, we review, code, and taxonomize 166 studies in order to assess the likelihood that these initiatives will generate innovation and economic growth. We find that academic entrepreneurship initiatives are characterized by conflicting goals, weak incentive structures for universities and academics, and are contextually dependent on several factors, e.g. strong vs. weak universities. Our results therefore suggest that there are critical boundary conditions that are unlikely to be fulfilled when universities and governments enact policies to support academic entrepreneurship. Policymakers therefore need to be cautious in the potential design of such mechanisms. We discuss how technology transfer from universities might be better achieved through alternative mechanisms such as contract research, licensing, consulting and increased labor mobility among researchers.

Suggested Citation

  • Sandström, Christian & Wennberg, Karl & Wallin, Martin & Zherlygina, Yulia, 2016. "Public Policy for Academic Entrepreneurship: A review and critical discussion," Ratio Working Papers 271, The Ratio Institute.
    • Handle: RePEc:hhs:ratioi:0271
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    File URL: http://ratio.se/publikationer/working-paper-no-271-public-policy-for-academic-entrepreneurship/
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    Citations

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    Cited by:

    1. Nils Karlson & Christian Sandström & Karl Wennberg, 2021. "Bureaucrats or Markets in Innovation Policy? – a critique of the entrepreneurial state," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(1), pages 81-95, March.
    2. Wadid Lamine & Sarfraz Mian & Alain Fayolle & Mike Wright & Magnus Klofsten & Henry Etzkowitz, 2018. "Technology business incubation mechanisms and sustainable regional development," The Journal of Technology Transfer, Springer, vol. 43(5), pages 1121-1141, October.
    3. Elisabetta Lazzaro, 2021. "Linking the Creative Economy with Universities’ Entrepreneurship: A Spillover Approach," Sustainability, MDPI, vol. 13(3), pages 1-12, January.
    4. Kathrin Bischoff & Christine K. Volkmann & David B. Audretsch, 2018. "Stakeholder collaboration in entrepreneurship education: an analysis of the entrepreneurial ecosystems of European higher educational institutions," The Journal of Technology Transfer, Springer, vol. 43(1), pages 20-46, February.

    More about this item

    Keywords

    Academic Entrepreneurship; literature review; policy; robustness; public choice theory;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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