Biomedical Academic Entrepreneurship: Faculty Characteristics and Firm Outcomes in the SBIR Program

Andrew Toole
Ag, Food, and Resource Economics; Rutgers University

*Dirk Czarnitzki
Applied Economics

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     Last modified: February 27, 2006

Abstract
The U.S. Small Business Innovation Research program offers a unique opportunity to track individual scientists as they venture from research to commercialization. This paper probes the process of academic entrepreneurship by compiling information on the characteristics of SBIR entrepreneurs and using these characteristics to explore differences between SBIR entrepreneurial faculty and a control group of NIH research peers. We attempt to decompose the specific contribution of these academic entrepreneurs to the firms they found or join.