Rethinking the Commercialization of Public Science: From Entrepreneurial Outcomes to Societal Impacts

Studies have demonstrated the importance of scientific research for innovation and economic performance at the firm and regional levels, and policymakers have extensively supported the commercialization of public science. However, we still lack theoretical and empirical evidence on the link between the commercialization of public science and broader societal impacts. Specifically, despite a large body of evidence on the determinants of science...