Universities and the Startup of New Companies: Can We Generalize from Route 128 and Silicon Valley?

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Abstract
In order to increase the commercialization of basic research, policymakers have tried to foster closer ties between university research and industry R&D. To empirically test whether there is a link between commercialization and university research, this paper models firm startups during 1976-78 for six two-digit manufacturing industries located in twenty-five metropolitan areas. The findings are mixed: the relationship between university research and firm births in the electrical and electronic equipment industries (SIC 36) is positive and statistically significant, while in the instruments and related industries (SIC 38) the relationship is statistically insignificant. Copyright 1993 by MIT Press. (This abstract was borrowed from another version of this item.)
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