Academic capitalism and university incentives for faculty entrepreneurship

Entrepreneurial behavior by professors - including decisions about collaboration with industry, patenting and spinning off companies - can affect the productivity of top universities' technology transfer efforts. Interviews with 98 professors at 12 southeastern universities showed that the most significant influence on these aspects of entrepreneurial behavior is the beliefs of professors about the proper role of universities in the dissemination of knowledge. Some institutional policies, notably revenue splits with inventors, can affect aspects of this behavior. These findings suggest that both university incentive policies and ethical concerns about academic capitalism, by limiting the productivity of technology transfer efforts, have an effect on regional economic development. © Springer Science + Business Media, Inc. 2006.