MARC Record from harvard_bibliographic_metadata

LEADER: 02854camaa2200313Ki 4500
001 014129551-1
005 20140731153759.0
008 140731s2014 maua b 000 0 eng d
035 0 $aocn884989218
040 $aHBS$cHBS$erda$dHBS
100 1 $aChai, Sen,$eauthor.
240 10 $aFostering translational research
245 10 $aBridging science and technology through academic-industry partnerships /$cSen Chai, Willy Shih.
264 1 $a[Boston] :$bHarvard Business School,$c[2014]
300 $a33 pages :$billustrations ;$c28 cm.
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
490 1 $aWorking paper / Harvard Business School ;$v13-058
500 $a"January 2013. (Revised July 2014.)"--Publisher's Web site.
504 $aIncludes bibliographical references (page 24).
520 $aScientific research and its translation into commercialized technology is a driver of wealth creation and economic growth. Partnerships to foster the translational processes from public research organizations, such as universities and hospitals, to private firms are a policy tool that has attracted increased interest. Yet questions about the efficacy and the efficiency with which funds are used are subject to frequent debate. This paper examines empirical data from the Danish National Advanced Technology Foundation (DNATF), an agency that funds partnerships between universities and private companies to develop technologies important to Danish industry. We assess the effect of a unique mediated funding scheme that combines project grants with active facilitation and conflict management on firm performance, comparing the likelihood of bankruptcy and employee count as well as patent count, publication count and their citations and collaborative nature between funded and unfunded firms. Because randomization of the sample was not feasible, we address endogeneity around selection bias using a sample of qualitatively similar firms based on a funding decision score. This allows us to observe the local effect of samples in which we drop the best recipients and the worst non-recipients. Our results suggest that while receiving the grant does bring an injection of funding that alleviates financing constraints, its core effect on the firm's innovative behavior is in fostering collaborations and translations between science and technology and encouraging riskier projects rather than purely increasing patenting.
500 $aRevision of Fostering translational research: using public-private partnerships to improve firm survival, employment growth, and innovative performance.
700 1 $aShih, Willy C.,$eauthor.
710 2 $aHarvard Business School.
830 0 $aWorking paper (Harvard Business School) ;$v13-058.
988 $a20140731
049 $aHBSM
906 $0MH