Template-Type: ReDIF-Paper 1.0

Author-Name: Ulrich Witt
Author-X-Name-First: Ulrich
Author-X-Name-Last: Witt
Author-Email:  ulrich.witt@mpiew-jena.mpg.de
Author-Workplace-Name: Max-Planck-Institute Jena, Evolutionary Economics group
Author-Name: Christian Zellner
Author-X-Name-First: Christian
Author-X-Name-Last: Zellner
Author-Email: christian.zellner@epfl.ch
Author-Workplace-Name: Ecole Polytechnique Fédérale de Lausanne, Chaire en Economie et Management de l'Innovation

Title: Knowledge-based entrepreneurship : The organizational side of technology commercialization
Abstract: New knowledge with commercial potential is continually created in academic institutions. How is it turned into economically valuable businesses? This paper argues that the transfer is an entrepreneurial process. To understand this, the actions and the constraints characteristic for the entrepreneurial reshaping of the division of labor must be recognized. In the case of knowledge-based entrepreneurship, specific constraints result from the peculiarities of scientific knowledge – epitomized by constrasting tacit and encoded knowledge. Scientifically trained labor is required for transferring both forms of knowledge. However, the mode of transfer differs crucially and shapes the organizational form of commercializing new scientific knowledge.

Length: 17 pages
Creation-Date: 2005-05

File-URL: https://cdm-repec.epfl.ch/cmi-wpaper/cemi-report-2005-002.pdf

File-Format: Application/pdf
Number: cemi-report-2005-002
Classification-JEL: L23, M13, O31, O32
Keywords: entrepreneurship, knowledge transfer, technology commercialization

Handle: RePEc:cmi:wpaper:cemi-report-2005-002