The effects of appropriability on invention have been well studied, at least since Arrow (1962), but there has been little analysis of the effect of approbriability on the commercialization of existing inventions. Exploiting a database of 966 attempts by private firms to commercialize inventions...

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...