The University as Entrepreneur

1992 ◽  
Vol 6 (3) ◽  
pp. 143-146
Author(s):  
John E. Bagalay
Keyword(s):  
Venture Capital ◽  
High Technology ◽  
Biotechnology Company ◽  
Venture Capital Fund ◽  
Boston University ◽  
Public Offering ◽  
Entrepreneurial Activities ◽  
The University

Boston University has a successful record of investing in high-technology companies. These investments are carried out through the university's wholly owned venture capital fund. One of Boston University's most important investments has been in Seragen, Inc, a biotechnology company. Seragen's activities and its recent public offering of shares are described. Finally, the article sets Boston University's entrepreneurial activities in the context of the debate about the morality of universities commercializing their research.

Venture Capital Fund Performance

CFA Digest ◽  
2012 ◽  
Vol 42 (1) ◽  
pp. 19-21
Author(s):  
Brindha Gunasingham
Keyword(s):  
Venture Capital ◽  
Fund Performance ◽  
Venture Capital Fund

Academia's Golden Age

1992 ◽  
Author(s):  
Richard M. Freeland
Keyword(s):  
World War Ii ◽  
General Education ◽  
Graduate Education ◽  
World War ◽  
Boston College ◽  
Boston University ◽  
Close Study ◽  
University Of Massachusetts ◽  
National Trends ◽  
The University

This book examines the evolution of American universities during the years following World War II. Emphasizing the importance of change at the campus level, the book combines a general consideration of national trends with a close study of eight diverse universities in Massachusetts. The eight are Harvard, M.I.T., Tufts, Brandeis, Boston University, Boston College, Northeastern and the University of Massachusetts. Broad analytic chapters examine major developments like expansion, the rise of graduate education and research, the professionalization of the faculty, and the decline of general education. These chapters also review criticisms of academia that arose in the late 1960s and the fate of various reform proposals during the 1970s. Additional chapters focus on the eight campuses to illustrate the forces that drove different kinds of institutions--research universities, college-centered universities, urban private universities and public universities--in responding to the circumstances of the postwar years.

scholarly journals Going Abroad, Friends on Board: Cross-Border Venture Capital and Syndication Strategy in China

SAGE Open ◽  
2021 ◽  
Vol 11 (2) ◽  
pp. 215824402110074
Author(s):  
Zhiyi Qiu ◽  
Rong Chen ◽  
Ye Yang
Keyword(s):  
Empirical Study ◽  
Venture Capital ◽  
Emerging Markets ◽  
Cultural Distance ◽  
Cross Border ◽  
Entry Strategy ◽  
China Mainland ◽  
Entrepreneurial Activities

Cross-border venture capitals (CBVCs) are increasingly prevailing in recent decades, inter alia in emerging markets like China. The venture capital (VC) firms investing outside their home countries are faced with foreignness which is broadly regarded as liability. The primary aim of this article is to contribute to our understanding how foreignness affects VC’s strategy when entering emerging markets, particularly with respect to the foreignness originated from cultural distance. The data consist of over 5,000 CBVC deals taking place in China mainland from 1988 to 2016. Our empirical study shows that, with foreignness growing, it turns from liability into advantage in the context of CBVCs. We find an inverse U-shape relationship between foreignness and syndication, with VC firm’s reputation as the moderator. Besides, foreign VC firms establish local subsidiary when faced with foreignness, which serves as alternative to syndication. The key contribution of this article is that foreignness turns from liability into advantage in emerging markets, which exerts a curvilinear impact on the entry strategy of VC firms. This study advances the knowledge of foreignness and VC strategy, and sheds new light on entrepreneurial activities in emerging markets.

scholarly journals Entrepreneurial intention: An analysis of the role of Student-Led Entrepreneurial Organizations

2021 ◽  
Author(s):  
Giuliano Sansone ◽  
Elisa Ughetto ◽  
Paolo Landoni
Keyword(s):  
Entrepreneurial Intention ◽  
Policy Implications ◽  
Policy Makers ◽  
Student Entrepreneurship ◽  
Entrepreneurial Organizations ◽  
Entrepreneurial Activities ◽  
The University ◽  
The Impact ◽  
The Empirical Analysis

AbstractAlthough a great deal of attention has been paid to entrepreneurship education, only a few studies have analysed the impact of extra-curricular entrepreneurial activities on students’ entrepreneurial intention. The aim of this study is to fill this gap by exploring the role played by Student-Led Entrepreneurial Organizations (SLEOs) in shaping the entrepreneurial intention of their members. The analysis is based on a survey that was conducted in 2016 by one of the largest SLEOs in the world: the Junior Enterprises Europe (JEE). The main result of the empirical analysis is that the more time students spent on JEE and the higher the number of events students attended, the greater their entrepreneurial intention was. It has been found that other important drivers also increase students’ entrepreneurial intention, that is, the Science and Technology field of study and the knowledge of more than two foreign languages. These results confirm that SLEOs are able to foster students’ entrepreneurial intention. The findings provide several theoretical, practical and public policy implications. SLEOs are encouraged to enhance their visibility and lobbying potential in order to be recognized more as drivers of student entrepreneurship. In addition, it is advisable for universities and policy makers to support SLEOs by fostering their interactions with other actors operating in the entrepreneurial ecosystem, who promote entrepreneurship and technology transfer activities. Lastly, this paper advises policy makers to assist SLEOs’ activities inside and outside the university context.

Friends in high places : two essays on the importance of corporate political connections

2015 ◽  
Author(s):  
◽  
Reza Houston
Keyword(s):  
Initial Public Offering ◽  
Political Connections ◽  
Target Firm ◽  
University Of Missouri ◽  
Accounting Performance ◽  
The Public ◽  
Public Offering ◽  
The University ◽  
The Impact ◽  
The Relationship

[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] This study is an examination of the relationship between political connections and the undertaking of major firm events. In our first essay, presented in Chapter 3, we examine the impact politically connected appointments have on firm acquisition behavior. Using proxy statements, we create a unique database of politically connected bidders and merger targets. We find that bidders who hire connected individuals to the board or management team are more likely to avoid merger litigation. Connected bidders make more bids after the appointment. These firms also bid on larger targets. We determine there is a positive relation between the control premium and the relative of the target's connections. Connected acquirers have superior post-merger accounting performance, particularly when they acquire a connected target firm. In the second essay, presented in Chapter 4, we examine the relationship between political connections of private firms and the initial public offering process. Using registration statement information, we create a unique database of politically connected IPO firms. We find that political connections are substitutes to high-quality underwriters and big four auditors. Politically connected firms manage earnings more highly upward than non-connected firms prior to the public offering. Politically connected firms also exhibit less underpricing than non-connected firms. Politically connected IPO firms also have superior post-IPO returns relative to non-connected IPO firms.

Legality and venture capital fund manager compensation

2009 ◽  
Vol 11 (1) ◽  
pp. 23-54 ◽  
Author(s):  
Douglas Cumming ◽  
Sofia Johan
Keyword(s):  
Venture Capital ◽  
Fund Manager ◽  
Venture Capital Fund ◽  
Manager Compensation

An Innovative Biotechnology Start-up Company Approach

2006 ◽  
Vol 7 (2) ◽  
pp. 99-103 ◽  
Author(s):  
Michel R.M. Rod
Keyword(s):  
Intellectual Property ◽  
Technology Commercialization ◽  
Biotechnology Company ◽  
University Environment ◽  
Innovative Biotechnology ◽  
Early Experiences ◽  
Start Up ◽  
University Technology Commercialization ◽  
The University ◽  
University Affiliation

This paper describes the author's involvement in the early experiences of a start-up biotechnology company created outside the university environment. In this case, two self-employed, entrepreneurial scientists with no university affiliation developed commercializable intellectual property. Falling outside the more common university technology commercialization process, there were a number of issues that were quite different from those a typical university start-up company might face, and these are illustrated. Most importantly, this case is an exemplar of how other non-university entrepreneurs might contemplate utilizing universities to further their technology commercialization objectives.

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