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The Nexus between Science and Industry: Evidence from Faculty Inventions

Publication: Research - peer-reviewJournal article

Knowledge transfer from science to industry has been shown to be beneficial for the corporate partner. In order to get a better understanding of the reasons behind these positive effects, this study focuses on the junction of science and industry by comparing characteristics of academic inventions that are transferred to industry and those staying in the public sector. Academic inventions are identified via patent applications of German academic scientists. We find that academic patents assigned to corporations are more likely to enable firms reaping short term rather than, possibly more uncertain, long-run returns, in contrast to patents that stay in the public sector. Firms also strive for academic inventions with a high blocking potential in technology markets. Academic patents issued to corporations appear to reflect less complex inventions as compared to inventions that are patented by the public science sector.

Publication information

Original languageEnglish
JournalJournal of Technology Transfer
Volume37
Issue number5
Pages (from-to)755-776
Number of pages22
ISSN0892-9912
DOIs
StatePublished - 2012

    Keywords

  • Academic Inventors, University-Industry Technology Transfer, Intellectual Property Rights

ID: 32835534