Research and public policy on academic entrepreneurship are largely based on the assumption that faculty members start businesses to commercialize inventions that have been disclosed to university administrators and have been patented. In this paper, we analyze a sample of 11,572 professors and...

We define academic Entrepreneurship here as the creation of new businesses based on university-developed knowledge. We review the legislative and organizational interventions enacted to foster academic entrepreneurship; the form, magnitude and performance of this activity; and the tradeoffs...