The U.S. Congress created the Small Business Innovation Research program in 1982 in response to the loss of American competitiveness in global markets. Congress mandated that each federal agency allocate approximately 4% of its annual budget to fund innovative small firms to help restore...

Economic development practitioners and scholars recognize the link between universities and regional economic development. It is predicated on the spillover of knowledge from universities to commercialization. The literature has focused on the supply side, which involves university research and...