The Effects of Academic Incubators on University Innovation

Research summary In this article, we analyze the impact of academic incubators on the quality of innovations produced by U.S. research‐intensive academic institutions. We show that establishing a university‐affiliated incubator is followed by a reduction in the quality of university innovations. The conclusion holds when we control for the endogeneity of the decision to establish an incubator using the presence of incubators at peer institutions...