@TechReport{iza:izadps:dp2992, author={Zhang, Junfu}, title={A Study of Academic Entrepreneurs Using Venture Capital Data}, year={2007}, month={Aug}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={2992}, url={https://www.iza.org/publications/dp2992}, abstract={Academic entrepreneurship has become an increasingly important channel through which universities contribute to economic development. This paper studies academic entrepreneurs using a comprehensive venture capital database. I find that about two-thirds of the academic entrepreneurs locate their businesses in the same state as their universities. National academy membership and number of faculty awards, measures of a university’s research quality, are the most significant variables in explaining the number of academic entrepreneurs from a university. In contrast, the abundance of venture capital near the university has no significant effect on academic entrepreneurship.}, keywords={university spin-off;academic entrepreneur;venture capital}, }