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Entrepreneurship & Innovation

See the latest research, articles and faculty on the Entrepreneurship & Innovation Area of Expertise at Columbia Business School.

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Latest on Entrepreneurship & Innovation

Climate and Policy, Climate and Solutions, Climate and Technology, Energy, Energy Solutions
Date
April 02, 2025
Bon Mumgaard, left, in conversation with Professor Bruce Usher
Climate and Policy, Climate and Solutions, Climate and Technology, Energy, Energy Solutions

Paving the Way to Fusion Energy

Inside the global race to build the next generation of clean power with Bob Mumgaard, CEO of Commonwealth Fusion Systems.
  • Read more about Paving the Way to Fusion Energy about Paving the Way to Fusion Energy
Entrepreneurship, Leadership, Real Estate
Date
March 24, 2025
Barbara Corcoran
Entrepreneurship, Leadership, Real Estate

How Barbara Corcoran Built an Entrepreneurial Mindset

The Corcoran Group founder and Shark Tank star shared practical strategies for building resilience and driving innovation during a presentation at Columbia Business School’s Alleycon conference.
  • Read more about How Barbara Corcoran Built an Entrepreneurial Mindset about How Barbara Corcoran Built an Entrepreneurial Mindset
Entrepreneurship
Date
March 18, 2025
Shutterstock Photo Image for CBS Newsroom
Entrepreneurship
Press Release

Post-2020 Investment Surge in Black Startups Slows

New Research Shows That the Majority of Post-2020 Investment in Black-Founded Startups Came From Investors with No Prior History of Working with Black Founders
  • Read more about Post-2020 Investment Surge in Black Startups Slows about Post-2020 Investment Surge in Black Startups Slows
Business and Society, Economics and Policy, Entrepreneurial Ecosystem, Entrepreneurship and Innovation, Future of Work, Globalization
Type
Columbia Business
Date
March 07, 2025
Business and Society, Economics and Policy, Entrepreneurial Ecosystem, Entrepreneurship and Innovation, Future of Work, Globalization

How High-Skilled Immigrants Drive US Job Growth and Innovation

New research from Columbia Business School reveals that high-skilled immigrants, including H-1B visa holders, don’t take jobs from native-born workers—instead, they fuel entrepreneurship, innovation, and economic growth, particularly in diverse communities.
  • Read more about How High-Skilled Immigrants Drive US Job Growth and Innovation about How High-Skilled Immigrants Drive US Job Growth and Innovation
Business and Society, Entrepreneurship, Entrepreneurship and Innovation, Social Enterprise, Social Impact, Startups, Tamer Institute for Social Enterprise and Climate Change
Date
March 04, 2025
More MPE: Kaushik Kappagantulu
Business and Society, Entrepreneurship, Entrepreneurship and Innovation, Social Enterprise, Social Impact, Startups, Tamer Institute for Social Enterprise and Climate Change
Social Enterprise News

Kaushik Kappagantulu ’17 on Empowering India’s Small Farmers, Scaling Kheyti, and Rethinking Social Enterprise

In this episode of More MPE, hosts Ray Horton and Sandi Wright speak with Kaushik Kappagantulu ’17, co-founder and CEO of Kheyti, on his journey from the conventional career in engineering his parents favored to founding a social enterprise aimed at lifting millions of India’s small farmers out of poverty. 
  • Read more about Kaushik Kappagantulu ’17 on Empowering India’s Small Farmers, Scaling Kheyti, and Rethinking Social Enterprise about Kaushik Kappagantulu ’17 on Empowering India’s Small Farmers, Scaling Kheyti, and Rethinking Social Enterprise
Business and Society, Business Economics and Public Policy, Economics and Policy, Entrepreneurship, Labor
Type
CJEB
Date
February 24, 2025
Business and Society, Business Economics and Public Policy, Economics and Policy, Entrepreneurship, Labor
Japan Center News

Resurrecting Entrepreneurship to Revive Japan リチャード・カッツ

Resurrecting Entrepreneurship to Revive Japan リチャード・カッツMonday, February 24, 2025 | 12:45 – 1:45 PMRoom 640, Geffen Hall, Columbia Business SchoolFeaturing: Richard Katz, Editor, Japan Economy Watch; Special Correspondent, Toyo Keizai Inc.Moderator: Takatoshi Ito, Professor, School of International and Public Affairs, Columbia University; Director, Program on Public Pension and Sovereign Funds, CJEB  コロンビア大学ビジネススクール 日本経済経営研究所 主催 講演者: リチャード・カッツ
  • Read more about Resurrecting Entrepreneurship to Revive Japan リチャード・カッツ about Resurrecting Entrepreneurship to Revive Japan リチャード・カッツ
Entrepreneurial Leadership, Entrepreneurial Leadership & Strategy, Entrepreneurship, Entrepreneurship and Innovation, Equity & Inclusion News, Social Enterprise, Social Impact, Tamer Institute for Social Enterprise and Climate Change
Date
January 21, 2025
More MPE: Kesha Cash
Entrepreneurial Leadership, Entrepreneurial Leadership & Strategy, Entrepreneurship, Entrepreneurship and Innovation, Equity & Inclusion News, Social Enterprise, Social Impact, Tamer Institute for Social Enterprise and Climate Change
Social Enterprise News

Kesha Cash ’10 on Transforming Communities Through Purposeful Investment

In this episode of More MPE, hosts Ray Horton and Sandi Wright speak with Kesha Cash ’10, founder and general partner of Impact America Fund, on her humble beginnings to becoming a trailblazer in impact investing.
  • Read more about Kesha Cash ’10 on Transforming Communities Through Purposeful Investment about Kesha Cash ’10 on Transforming Communities Through Purposeful Investment
Entrepreneurial Ecosystem, Entrepreneurial Leadership, Entrepreneurship, Social Enterprise, Tamer Institute for Social Enterprise and Climate Change
Date
November 21, 2024
CBS Photo Image
Entrepreneurial Ecosystem, Entrepreneurial Leadership, Entrepreneurship, Social Enterprise, Tamer Institute for Social Enterprise and Climate Change
Entrepreneurship News
Social Enterprise News

Three New Social Ventures Receive $25,000 in Funding from Columbia’s Tamer Fund for Social Ventures

Three new Tamer Fund for Social Venture awardees were selected after their participation in an application screening round, a due diligence process with student teams from the Columbia Business School course Investing in Social Ventures, and a final pitch to the fund’s investment board.
  • Read more about Three New Social Ventures Receive $25,000 in Funding from Columbia’s Tamer Fund for Social Ventures about Three New Social Ventures Receive $25,000 in Funding from Columbia’s Tamer Fund for Social Ventures

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Entrepreneurship & Innovation Faculty

Photo of Prof. Tommaso Porzio

Tommaso Porzio

Daniel W. Stanton Associate Professor of Business
Economics Division
Columbia Business School

David L. Bendes

Adjunct Assistant Professor of Business
Decision, Risk, and Operations Division
Dave Lerner

Dave Lerner

Adjunct Associate Professor of Business
Management Division
Photo of Professor Angela Quintero

Angela Quintero

Executive Director
Deming Center for Operational Innovation and Excellence
Adjunct Assistant Professor
Decision, Risk, and Operations Division
Columbia Business School

Stephen Zagor

Adjunct Associate Professor of Business
Management Division
Mike Brown

Michael Brown

Adjunct Associate Professor of Business
Marketing Division
Columbia Business School

David Haber

Adjunct Associate Professor of Business
Management Division
Jorge Guzman

Jorge Guzman

Gantcher Associate Professor of Business
Management Division
Melanie Brucks

Melanie Brucks

Assistant Professor of Business
Marketing Division
Sheena Iyengar

Sheena Iyengar

S. T. Lee Professor of Business; Chair of Management Division
Management Division
Columbia Business School

Jessie Laurash

Adjunct Assistant Professor of Business
Decision, Risk, and Operations Division
Photo

Farah Gasmi

Adjunct Assistant Professor of Business
Marketing Division

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Entrepreneurship & Innovation Research

Generative AI and Firm Productivity: Field Experiments in Online Retail

Authors
Lu Fang, Zhe Yuan, Kaifu Zhang, Dante Donati, and Miklos Sarvary
Date
Forthcoming
Format
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.

Read More about Generative AI and Firm Productivity: Field Experiments in Online Retail

Venture Capital and Startup Agglomeration

Authors
Michael Ewens and Jun Chen
Date
August 2, 2025
Format
Journal Article
Journal
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.

Read More about Venture Capital and Startup Agglomeration

Assessing the scientific and economic impacts of the experiments conducted onboard the International Space Station

Authors
Max Wang and Kevin Savin
Date
July 3, 2025
Format
Journal Article
Journal
npj Microgravity

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.

Read More about Assessing the scientific and economic impacts of the experiments conducted onboard the International Space Station

Innovation on a Leash: Tradeoffs of Corporate Accelerators for Entrepreneurial Growth

Authors
Michael Impink, Nataliya Wright, and Rob Seamans
Date
June 12, 2025
Format
Working Paper

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%.

Read More about Innovation on a Leash: Tradeoffs of Corporate Accelerators for Entrepreneurial Growth

Do Disruptive Startups Attract Better Talent? Evidence from a Hiring Field Experiment in India

Authors
Nina Teng, Nataliya Wright, and Olenka Kacperczyk
Date
April 26, 2025
Format
Working Paper

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.

Read More about Do Disruptive Startups Attract Better Talent? Evidence from a Hiring Field Experiment in India

The impact of biomedical innovation on U.S. mortality, 1999-2019: evidence partly based on 286 million descriptors of 27 million PubMed articles

Authors
Frank Lichtenberg and Kriste Krstovski
Date
April 23, 2025
Format
Journal Article
Journal
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.

Read More about The impact of biomedical innovation on U.S. mortality, 1999-2019: evidence partly based on 286 million descriptors of 27 million PubMed articles

Taxing Universities

Authors
Shivaram Rajgopal
Date
March 14, 2025
Format
Newspaper/Magazine Article
Publication
Forbes
Columbia professor warns that taxing university endowments and cutting research funding will cripple basic research, erode US competitive advantage against China, and ultimately harm innovation that drives private sector growth.
Read More about Taxing Universities

The folly of America’s R&D cuts

Authors
R. Glenn Hubbard
Date
March 10, 2025
Format
Newspaper/Magazine Article
Publication
Financial Times
Trump administration cuts to federal R&D funding contradict growth objectives; research shows every $1 in public R&D generates $2 in economic output, making these cuts counterproductive to innovation and productivity.
Read More about The folly of America’s R&D cuts

Better Innovation for a Better World

Authors
Olivier Toubia
Date
Forthcoming
Format
Journal Article
Journal
Journal of Marketing

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.

Read More about Better Innovation for a Better World

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