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Latent technology as an outcome of R&D

Lookup NU author(s): Professor James Cunningham



This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).


This paper focuses on a situation in which a firm decides to sell its non-commercialized technology to another firm rather than commercialize it (a latent entrepreneurial firm), and the other firm then adopts the appearance of an emergent entrepreneur. Using U.S. project data from firms funded through the U.S. Small Business Innovation Research (SBIR) program, we find using a qualitative choice model that firms that do not commercialize their newly developed SBIR-funded technology have a greater probability of selling their technology to another firm. We also identify other covariates with the probability that such a firm will sell their technology.

Publication metadata

Author(s): Cunningham JA, Link AN

Publication type: Article

Publication status: Published

Journal: Technological Forecasting and Social Change

Year: 2021

Volume: 162

Print publication date: 01/01/2021

Online publication date: 10/10/2020

Acceptance date: 28/09/2020

Date deposited: 19/11/2021

ISSN (print): 0040-1625

ISSN (electronic): 1873-5509

Publisher: Elsevier Inc.


DOI: 10.1016/j.techfore.2020.120371


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