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Engaging the inventor: exploring licensing strategies for university inventions and the role of latent knowledge

Agrawal, Ajay - ;

A significant portion of knowledge generated by university inventors remains latent (uncodified but codifiable), even though this information is valuable to firms that have licensed their inventions and famously strong incentives exist to disseminate academic findings widely. However, the licensee may access and exploit this latent knowledge by engaging the inventor during the development phase. This paper examines the hypothesis that licensing strategies that directly engage the inventor increase the likelihood and degree of commercialization success. While this may seem somewhat apparent, firms in the sample under investigation vary substantially in the degree to which they engage the inventor: one third of the sample does not engage the inventor at all. On the other hand, the hypothesis might seem surprising given the norms of open science under which university labs are expected to operate. Regression analyses based on a unique dataset of 124 license agreements associated with inventions from MIT support the hypothesis and generate results that are robust to a variety of controls.Printed Journal


Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
Penerbit: John Wiley & Sons
Edisi-
SubjekRegression analysis
Inventions
Correlation analysis
Licensing
studies
Hypothesis testing
Colleges & universities
ISBN/ISSN1432095
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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