Local Industry Influence on Commercialization of University Research by University Startups

Author Name KANG Byeongwoo (Hitotsubashi University) / MOTOHASHI Kazuyuki (Faculty Fellow, RIETI)
Creation Date/NO. November 2020 20-E-086
Research Project Digitalization and Innovation Ecosystem: A Holistic approach
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This study investigates how regional conditions affect university startups using data from Japan. We use the list of university startups compiled by METI, covering more than 2,000 firms, linked with JPO patent information. The study found that technical field of patents obtained by university startups are influenced by local industry characteristics. In addition, in terms of commercialization of university patents, commercialization by university startups is more locally proximate, as compared to cases realized through university industry collaborations. Our results provide implications that regional conditions must be considered when setting academic entrepreneurship policies.