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来源类型Working Paper
规范类型报告
DOI10.3386/w30362
来源IDWorking Paper 30362
Of Academics and Creative Destruction: Startup Advantage in the Process of Innovation
Julian Kolev; Alexis Haughey; Fiona Murray; Scott Stern
发表日期2022-08-22
出版年2022
语种英语
摘要What is the role of startups within the innovation ecosystem? Since 2000, startups have grown in their share of commercializing research from top U.S. universities; however, prior work has little to say on the particular advantages of startup ventures in the innovation process relative to more traditional alternatives such as academia and established private-sector incumbents. We develop a simple model of startup advantage based on private information held by the initial inventor, and generate predictions related to the value and impact of startup innovation. We then explore these predictions using patents granted within the regional ecosystems of top-25 research universities from 2000 to 2015. Our results show a significant startup advantage in terms of forward citations and outlier-patent rates. Further, startup innovation is both more original and more general than innovation by incumbent firms. Moreover, startups that survive to become “scale-ups” quickly grow to dominate their regional innovation ecosystems. Our findings have important implications for innovation policy.
主题Industrial Organization ; Firm Behavior ; Other ; Accounting, Marketing, and Personnel ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w30362
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/588034
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GB/T 7714
Julian Kolev,Alexis Haughey,Fiona Murray,et al. Of Academics and Creative Destruction: Startup Advantage in the Process of Innovation. 2022.
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