Assessing the Role of the University of California in the State’s Biotechnology Economy
The United States is at the forefront of a worldwide transition to a “new economy” of knowledge-driven economic development. Biotechnology, information and communications technologies have revolutionized the way products are developed, spurring the growth of entirely new industrial sectors. One area of particular policy interest is the role of academic research and training in creating S&T-based economic benefits An increasing proportion of S&T research is being conducted at universities,1 but economists are still in the formative stages of developing a complete understanding of how these investments generate economic returns.2 A wide array of models, definitions, and datasets has been developed, but there remain gaps in our understanding of the channels through which benefits are created.3
KeywordsBiotechnology Company Technology License Biotechnology Firm Biotech Firm Alumnus Association
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