Latest on Entrepreneurship & Innovation
How Barbara Corcoran Built an Entrepreneurial Mindset
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Post-2020 Investment Surge in Black Startups Slows
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Columbia Business
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How High-Skilled Immigrants Drive US Job Growth and Innovation
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Kaushik Kappagantulu ’17 on Empowering India’s Small Farmers, Scaling Kheyti, and Rethinking Social Enterprise
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CJEB
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Resurrecting Entrepreneurship to Revive Japan リチャード・カッツ
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Kesha Cash ’10 on Transforming Communities Through Purposeful Investment
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Three New Social Ventures Receive $25,000 in Funding from Columbia’s Tamer Fund for Social Ventures
Entrepreneurship & Innovation Faculty
Entrepreneurship & Innovation Research
Generative AI and Firm Productivity: Field Experiments in Online Retail
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- Forthcoming
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Working Paper
We quantify the impact of Generative Artificial Intelligence (GenAI) on firm productivity through a series of large-scale randomized field experiments involving millions of users and products at a leading cross-border online retail platform. Over six months in 2023-2024, GenAI-based enhancements were integrated into seven consumer-facing business workflows. We find that GenAI adoption significantly increases sales, with treatment effects ranging from 0% to 16.3%, depending on GenAI’s marginal contribution relative to existing firm practices.
Venture Capital and Startup Agglomeration
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Michael Ewens and Jun Chen
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- August 2, 2025
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Journal Article
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- Journal of Finance
This paper examines venture capital's (VC) role in the geographic clustering of high-growth startups. We exploit a rule change that disproportionately impacted U.S. regions that historically lacked VC financing via a restriction of banks to invest in the asset class. A one-standard-deviation increase in VCs' exposure to the rule led to a 20% decline in fund size and a 10% decrease in the likelihood of raising a follow-on fund.
Assessing the scientific and economic impacts of the experiments conducted onboard the International Space Station
The International Space Station United States National Laboratory has spearheaded space experimentation since 2005. This study assesses the impact of these experiments by linking NASA’s log records to scholarly publications and patent inventions. Several key findings are documented. First, the volume of space experiments has steadily increased, with notable contributions from commercial developers and investigators. Growth accelerated in 2012 following the formation of The Center for the Advancement of Science in Space.
Innovation on a Leash: Tradeoffs of Corporate Accelerators for Entrepreneurial Growth
This study assesses the impact of corporate accelerators on startup growth and technology adoption. Corporate accelerator programs offer technological resources that can spur startup growth, but they can also deter startups from exploring other suppliers' technologies. With novel data from one technology firm's accelerator program, we compare accepted and rejected startups using a machine-learning-based matching algorithm trained on the selection criteria. Participating in the corporate accelerator increases startups’ future funding by more than 50%.
Do Disruptive Startups Attract Better Talent? Evidence from a Hiring Field Experiment in India
We examine how a startup's strategic positioning—specifically, whether it communicates a disruptive or collaborative stance toward incumbents—affects its ability to attract talent. Although prior research has examined how this positioning influences investors, its impact on potential employees remains less clear. We conduct a field experiment with an early-stage climate technology startup in India, randomly assigning job seekers to a disruptive or collaborative positioning condition.
The impact of biomedical innovation on U.S. mortality, 1999-2019: evidence partly based on 286 million descriptors of 27 million PubMed articles
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- April 23, 2025
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Journal Article
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- Journal of Demographic Economics
We investigate whether the diseases for which there was more biomedical innovation had larger 1999–2019 reductions in premature mortality. Biomedical innovation related to a disease is measured by the change in the mean vintage of descriptors of PubMed articles about the disease. We analyze data on 286 million descriptors of 27 million articles about over 800 diseases. Premature mortality from a disease is significantly inversely related to the lagged vintage of descriptors of articles about the disease.
Taxing Universities
The folly of America’s R&D cuts
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- March 10, 2025
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Newspaper/Magazine Article
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- Financial Times
Better Innovation for a Better World
We aim to stimulate discussion on how innovation research within marketing can use a better world (BW) perspective to help innovation become a driver of positive change in the world. In this "Challenging the Boundaries" series paper, we hope to provide purposeful research opportunities for scholars seeking to bridge innovation research with the BW movement. We frame our discussion with four areas of innovation research in marketing that are particularly relevant to BW objectives.