This research project studies two related questions: (1) what shapes the decision to commercialize scientific discoveries, and (2) how does the commercialization strategy of high-technology startups relate to performance outcomes?…Read More
Few studies have examined the impact of divestitures on the innovation performance of firms. In particular, little attention has been paid into how the divestiture of firms’ non-core businesses could influence the innovation outcomes of their core businesses. …Read More
The Penn Wharton Commercialization Workshop offers researchers a three-day innovation primer to help them turn their ideas into successful ventures.…Read More
For the third year, the Wharton School has partnered with the office of the Vice Provost for Research to create a unique learning experience for faculty, scientists, and clinicians interested in commercializing their work at Penn and launching a new venture. This program is based on some of the most
We introduce to the literature on the recognition and spread of ideas the perspective that articles compete for the attention of researchers who might build upon them, in addition to the “bias against novelty” view documented in prior research. We investigate these effects by analyzing more than 5.3 million research publications from 1970 to 1999 in the life sciences. …Read More
The emergence of biotech has resulted in a rich ecosystem of different types of actors contributing to the technological advance. Despite the enormous promise of biotech-based therapeutics, there is substantial uncertainty regarding when scientific discoveries will emerge, whether these discoveries will achieve clinical success, and how commercialized treatments will create value. …Read More
University-based research is an important generator of fundamental scientific knowledge in society, and may also be the basis for valuable commercial activity. We aim to update and extend our knowledge of the processes of translating academic discoveries and inventions by studying the administrative data from Penn Center for Innovation (PCI). …Read More
The translation of invention to innovation is a topic that has received significant research attention in recent times. Scholars have recognized that our understanding of the factors that shape whether and when innovative technologies arise and transform industries cannot be complete without comprehending how scientific or technological discovery evolves into commercial adoption. …Read More
The second annual Penn Wharton Commercialization Workshop brought together researchers from across the university to learn about launching a new venture based on their work.…Read More
The Wharton School has partnered with the office of the Vice Provost for Research to create a unique learning experience for faculty, scientists, and clinicians interested in commercializing their work at Penn and launching a new venture. This program is based on some of the most successful teaching offerings on innovation and entrepreneurship around campus.
We explore the relationship between competition among downstream commercializing firms (e.g. incumbent pharmaceutical firms) and upstream innovative firms (e.g. startup biotechnology firms). We find that in an alliance regime, common in high technology industries, competition among the commercializing firms can reduce the productivity of the innovators, resulting in a net loss of societal welfare (e.g. less drugs invented and brought to market). …Read More
Getting an innovative technology to market can be a challenge for an established company when the technology runs counter to the company’s current business model. But the right organizational design can help.…Read More
The Penn Wharton Commercialization Workshop brought together 33 researchers from across the university to learn how to bring their ideas to market.…Read More
The Wharton School has partnered with the office of the Vice Provost for Research to create a unique learning experience for faculty, scientists, and clinicians interested in commercializing their work at Penn and launching a new venture. This program is based on some of the most successful teaching offerings on innovation and entrepreneurship around campus.
The road to successful commercialization is a steep and difficult one — a fact which entrepreneurs know all too well. But like hikers who use a zig-zag trail to ease their ascent up a mountain, entrepreneurs may be able to more effectively reach their goals by taking an indirect route.…Read More
We present a synthetic framework in which a technology entrepreneur employs a dynamic
commercialization strategy to overcome obstacles to the adoption of their ideal strategy. Whereas prior work portrays the choice of whether to license a new technology or to self-commercialize as a single, static decision, we suggest that when entrepreneurs encounter obstacles to their ideal strategy they can nevertheless achieve it by temporarily adopting a non-ideal strategy.…Read More
