Commercializing University Technology

Funded Research Proposal

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

From Invention to Innovation: A Multi-Study Investigation of Firm Strategy and Outcomes in Clinical Trials

Funded Research Proposal

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

Penn Wharton Commercialization Workshop 2017

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.

A Typology of R&D Processes Based on Market Excludability and Information Appropriability 

Working Papers

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

Breakthrough Recognition: Competing for Attention

Working Papers

There is anecdotal evidence that some researchers are able to generate commercially successful ideas repeatedly, while others, albeit able to generate ideas, are much less consistent at generating commercially successful ones. However, there is limited work on drivers that lead to high rates of generation of commercially successful ideas.Read More

Penn Wharton Commercialization Workshop

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.

Strategic switchbacks: Dynamic commercialization strategies for technology entrepreneurs

Published Research

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

Do Incumbent Firms Have A Midas Touch for Startups? A Two-Sided Matching Model of Incumbent-Entrepreneur Alliances in Biotechnology

Working Papers

We explore the formation and impact of relationships between incumbent pharmaceutical firms and biotechnology startups. To what extent are incumbents creating value in their startup partners and increasing their likelihood of a successful exit event, and to what extent are they merely skilled in matching with successful startups with commercially viable technology?Read More