By Jan Boehm, Prof. Dr. Malte Brettel

As well as study and schooling, brand new function of academia within the usa additionally comprises the production of wealth for society. Universities are lively in fostering innovation and shifting know-how. notwithstanding, it may be famous that a few universities act extra as marketers than others and are extra winning in promoting licenses and spinning off businesses.

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The present dissertation is based on organizational theory of entrepreneurship. 46 43 Shane and Venkataraman (2000), p. 218. Shane and Venkataraman (2000), p. 218. 45 See Schumpeter (1934), Miller (1983), and Lumpkin and Dess (1996). 46 See Brüderl (2004), p. 215. Brüderl defines entrepreneurship as follows: “Mit ‘Entrepreneurship’ bezeichnet man eine dynamische Form des Unternehmertums, die sich insbesondere (aber nicht ausschließlich) in Gründung und Management von neuen bzw. 47 The organizational stream of entrepreneurship research provides a framework for the more functional oriented fields of entrepreneurship research, such as entrepreneurial marketing, or entrepreneurial finance, and, in this sense, is much more related to strategy than to function.

8, list a number of blockbuster licenses, such as the Hepatitis-B vaccine license of University of California, chemo-therapeutic drug Taxol of Florida State University, chemo-theropeutic drug Cisplatin of Michigan State University, and Gatorade formula and trademark of University of Florida. See also Grimes (2004) for a list of recent university inventions. 112 AUTM (2003), p. 20. 114 During the period of depressed stock market in 2001 and 2002, cashing-in these equity holdings was rather subdued.

And finally, a retrospective of the existing literature will provide guidance. With respect to the operative environment of university organizations, Etzkowitz et al. 118 Universities will find themselves more than ever involved in R&D efforts coordinated between corporate research centers, government laboratories and universities. In other words, function and demands 118 See Etzkowitz, Webster, Gebhardt and Terra (2000), p. 326. 41 have changed, which puts university organizations on a more level playing field with other non-university organizations.

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