The Effect of Defense Agency Funding of University Research on Regional New Venture Creation

Lawrence A. Plummer; Brett Anitra Gilbert

doi:10.1002/sej.1199

The Effect of Defense Agency Funding of University Research on Regional New Venture Creation

Lawrence A. Plummer¹; Brett Anitra Gilbert^2,3

¹ Western University · ² Rutgers, The State University of New Jersey · ³ Rutgers Sexual and Reproductive Health and Rights

Strategic Entrepreneurship Journal 2015

This study explores the effects of defense agency funding of university research on regional new venture creation. We argue that ‘closed’ university research may constrain the direct flow of new knowledge into the entrepreneurial process, but does not restrict more tacit and indirect flows of university research. We find a negative (positive) effect of the defense share of university research funding on short‐term (long‐term) regional start‐up rates. This may indicate that while defense‐funded research may not seed start‐ups directly, the knowledge carried into the private sector through more indirect channels may contribute, albeit slowly, to regional entrepreneurial activity. Copyright © 2015 Strategic Management Society.

DOI: 10.1002/sej.1199
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