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The Journal of Technology Transfer

, Volume 30, Issue 1–2, pp 49–56 | Cite as

The University and the Start-Up:Lessons from the Past Two Decades

  • Josh Lerner
Article

Abstract

This paper explores one of Edwin Mansfield's enduring interests: the interface between academia and industry. It highlights some key lessons regarding the management of university-based spin-outs, drawing on a variety of sources. I highlight the challenges that the spin-off process poses, the impracticality of directly financing firms through internal venture funds, and the ways in which universities can add value to faculty ventures.

spin-off venture capitalist entrepreneurship venture capitals 

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References

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    Atkinson, S.H., 'University-affiliated Venture Capital Funds,' Health Affairs 13, 159–175.Google Scholar
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    Bok, D., 2003, Universities in the Marketplace:The Com-mercialization of Higher Education, Princeton: Princeton University Press.Google Scholar
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    Mansfield, E., 1968, The Economics of Technological Change, New York: W.W Norton &Company Inc.Google Scholar
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    Mansfield, E.E., 1991, 'Academic Research and Industrial Innovation,' Research Policy 20, 1–12.Google Scholar
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    Jaffe, A.B. and J.Lerner, 2001, 'Reinventing Public R&D: Patent Law and Technology Transfer from Federal Labo-ratories, Rand Journal of Economics 32, 167–198.Google Scholar
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Copyright information

© Springer Science+Business Media, Inc. 2004

Authors and Affiliations

  • Josh Lerner
    • 1
  1. 1.Arthur Rock Center for EntrepreneurshipHarvard Business School, Room 214BostonU.S.A

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