“…Notwithstanding the importance of alternative transfer channels (Bozeman, 2000;Cohen et al, 2002;Zellner, 2003), commercialization of scientific results based on patents, licensing, and spin-off entrepreneurship has found particularly intensive scrutiny (Jensen and Thursby, 2001;Shane, 2002;Lowe and Ziedonis, 2006). Yet in spite of the increased emphasis on the protection of universities' intellectual property rights (IPRs) and IPR-based commercialization, we still know little about the underlying processes of knowledge transfer.…”