Authors
Riccardo Fini, Einar Rasmussen, Donald Siegel, Johan Wiklund
Publication date
2018/2
Journal
Academy of Management Perspectives
Volume
32
Issue
1
Pages
4-20
Publisher
Academy of Management
Description
Studies have demonstrated the importance of scientific research for innovation and economic performance at the firm and regional levels, and policymakers have extensively supported the commercialization of public science. However, we still lack theoretical and empirical evidence on the link between the commercialization of public science and broader societal impacts. Specifically, despite a large body of evidence on the determinants of science commercialization, mainly addressed in the literature on academic entrepreneurship, the consequences of such activities remain less explored. In this article, we seek to fill this void by viewing science commercialization as a means rather than as a final outcome. Instead of mapping the direct outcomes of the science commercialization process, mostly achieved through entrepreneurial activities, we see science commercialization as an enabler of broader societal impacts …
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