Stern explores how innovation—the production and distribution of “ideas”—differs from more traditional economic goods, and the implications of these differences for entrepreneurship, business strategy, and public policy. His research in the economics of innovation and entrepreneurship focuses on the drivers of commercialization strategy for technology entrepreneurs, the determinants of R&D productivity in both the public and private sector, and the role of incentives and organizational design on the process of innovation.
He works widely with both companies and governments in understanding the drivers and consequences of innovation and entrepreneurship, and has worked extensively in understanding the role of innovation and entrepreneurship in competitiveness and regional economic performance.
Stern started his career at MIT, where he worked from 1995 to 2001. Before returning to MIT in 2009, he held positions as a professor at the Kellogg School of Management and as a Senior Fellow at the Brookings Institution. Stern is the director of the Innovation Policy Working Group at the National Bureau of Economic Research. In 2005, he was awarded the Kauffman Prize Medal for Distinguished Research in Entrepreneurship.
Stern holds a BA in economics from New York University and a PhD in economics from Stanford University.
An MIT study by Jorge Guzman and Scott Stern used a precise measure to distinguish between new businesses that aspire to grow like startups and new small businesses that are unlikely to make a...
The MIT Regional Entrepreneurship Acceleration Program (MIT REAP) is an MIT educational program for high-level teams from around the world dedicated to working alongside MIT faculty over a 2-year...
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America’s entrepreneurs are brimming with promising ideas. But they appear to be struggling to transform innovations and insights into successful companies with broad reach.
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New research, led by economists Scott Stern and Jorge Guzman, found that startups as a whole may be declining, but the kind of entrepreneurship that economists care the most about—fast-growing,...
A group of leading technologists, economists, and investors propose a new approach to help us adapt to new technologies.
A recent study finds that regions with clusters of firms in any industry will see noted economic growth, in areas such as job creation, patents, and even the creation of new industries.
From steam engines to ATMs, technology has long displaced humans—always creating new, often higher-skill jobs in its wake. But recent advances—everything from driverless cars to computers that can...
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