Dear Colleagues,
Our next virtual seminar in the Entrepreneurship and Innovation Policy Research series is Wednesday, March 25 from 11:00-12:00 ET. Mahka Moeen (University of Wisconsin) - will present "From Founders' Knowledge to Economic Value in Academic and Employee Startups". Abstract is below. Click the link HERE to register for the March 25th seminar.
We hope you join us!
- Tim Folta (UCONN), Maryann Feldman (ASU), and Supradeep Dutta (Rutgers U)
Abstract: Economic value capture is crucial for entrepreneurial startups, as it conditions the commercial viability of the technological opportunities underlying their founding. Startups vary in whether they capture value, and if so, whether through markets for product or technology. This study posits that value capture hinges on founders' knowledge accumulated in their prior employment context, separating founders as academic scientists and ex-employees of industry firms. Academic founders bring scientific knowledge from universities and employee founders carry industry-specific knowledge from their former employer. These differences provide the theoretical basis the study empirically explores in U.S. medical device startups. Academic startups tend to capture value in markets for technology, whereas employee startups tend to capture value in markets for product. Further, variations in founders' history and employment context can amplify or offset knowledge profiles within academic and employee startups toward scientific and commercial dimensions, shifting the resulting value capture pathway.
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