LBS logo London experience. World impact.

Search for faculty

Gary Dushnitsky

Associate Professor of Strategy and Entrepreneurship

BA and MSc (Tel Aviv), PhD (New York)

Dr Gary Dushnitsky’s work focuses on the economics of entrepreneurship and innovation. He explores the shifting landscape of entrepreneurial finance, exploring such topics as corporate venture capital, crowdfunding and angel investors. His research has appeared in leading academic journals, including Organization Science, the Strategic Management Journal and Nature Biotechnology.

He is an Associate Professor of Strategy and Entrepreneurship at London Business School. He also serves as a Senior Fellow at the Mack Institute for Innovation Management at the Wharton School of the University of Pennsylvania.

Dr Dushnitsky has received several academic distinctions, including the 2013 SMS Emerging Scholar Award, the 2009 Kauffmann Junior Faculty Fellowship and several best dissertation prizes. He serves as a senior editor at Organization Science and the Strategic Entrepreneurship Journal, and is an elected officer of the international Strategic Management Society.

He advises corporations in the high-tech, food, clean technology and pharmaceutical sectors on a host of corporate venturing issues, and has been involved in several industry reports, as well as keynotes and panels such as the YPO, World Economic Forum, OECD, EVCA, BVCA and others.  His studies have been covered in the business media, including Businessweek, Dow Jones News, Entrepreneur magazine and the Financial Times.


Which industries are served by online marketplaces for technology?

Dushnitsky G; Klueter T

Research Policy 2017 Vol 46:2 p 651-666


What Inventions do Corporate Entrepreneurship Programs Access? Corporate Venture Capital Investment in Complementary and Substituting Ventures

Dushnitsky G; Shaver J M

in: Handbook of Corporate Entrepreneurship, Edward Elgar. 2016. Part III, Chapter 10

A review and roadmap of entrepreneurial equity financing research: venture capital, corporate venture capital, angel investment, crowdfunding, and accelerators

Drover W; Busenitz L; Matusik S; Townsend D; Anglin A; Dushnitsky G

Journal of Management 2016 Forthcoming

Linking technologies to applications - insights from online markets for technology

Dushnitsky G; Klueter T

In Folta T, Helfat C and Karim S eds., Resource Deployment and Corporate Strategy (Advances in Strategic Management, no. 35)

Crowdfunding in Europe: determinants of platform creation across countries

Dushnitsky G; Massimiliano G; Piva E; Rossi-Lamastra C

California Management Review 2016 Winter Vol 58:2 p 44-71


Corporate Venturing

Dushnitsky G

In Augier M and Teece D (eds.), Palgrave Dictionary of Strategic Management, Palgrave.


Publications and patents in corporate venture-backed biotech

Alvarez-Garrido E; Dushnitsky G

Nature Biotechnology 2013 Vol 31 p 495-497


Corporate venture capital in the twenty-first century: An integral part of firms' innovation toolkit

Dushnitsky G

In Oxford Handbook of Entrepreneurship, Cummings (ed.) Oxford University Press, Oxford

More than words: Is startups' propensity to turn publications into patents sensitive to investor characteristics?

Dushnitsky G; Alvarez-Garrido E

Academy of Management Best Papers Proceedings 2012


Financial resources for the new venture: how to get them

Dushnitsky G

in Shane S. (ed.), Entrepreneurship: , The Marketing & Management Collection, Henry Stewart Talks Ltd, London

Is there an eBay for ideas? Insights from online knowledge marketplaces

Dushnitsky G; Klueter T

European Management Review 2011 Vol 8:1 p 17-32


How alliance formation shapes corporate venture capital investment in the software industry: A resource-based perspective

Dushnitsky G; Lavie D

Strategic Entrepreneurship Journal 2010 Vol 4:1 p 22-48

Entrepreneurial finance meets organizational reality

G Dushnitsky; Z B Shapira

Academy of Management Best Papers Proceedings 2010 September Vol 31:9 p 990-1017

Entrepreneurial optimism in the market for technological invention

Dushnitsky G

Organization Science 2010 Jan/Feb Vol 21:1 p 150-167


Limitations to inter-organizational knowledge acquisition: The paradox of corporate venture capital

Dushnitsky G; Shaver J M

Strategic Management Journal 2009 Vol 30:10 p 1045-1064


Corporate venture capital: Past evidence and future directions

Dushnitsky G

In Oxford Handbook of Entrepreneurship, Casson, Yeung, Basu and Wadeson (eds.) Oxford University Press, Oxford

Corporate Venturing

Dushnitsky G

In Palgrave Dictionary of Strategic Management, Augier M and Teece T (eds.)

What inventions do corporate entrepreneurship programs gain access to?

Dushnitsky G; Shaver J M

in Handbook of Corporate Entrepreneurship, Zahra, S (ed.). Elger, UK.

When does corporate venture capital investment create firm value?

Dushnitsky G; Lenox M J

Journal of Business Venturing 2006 Vol 21:6 p 753-772


Corporate venture capital and incumbent firm innovation rates

Dushnitsky G; Lenox M J

Research Policy 2005 Vol 34:5 p 615-639

When do firms undertake R&D by investing in new ventures?

Dushnitsky G; Lenox M J

Strategic Management Journal 2005 Vol 26:10 p 947-965

MBA and Executive MBA

  • Pathways to Start Up Success (Autumn 2014)

  • Developing Entrepreneurial Opportunities Spring (EMBA) 2012–present

  • Discovering Entrepreneurial Opportunities (FTMBA) 2010–present

Executive Education

  • Toshiba Innovation Leaders Program Fall 2013 – present

  • Porsche Highline Development Program Summer 2014 – present

  • Business and Industry Insight Spring 2012–present

  • Developing Strategy for Value Creation Spring 2010 – 2011


  • Entrepreneurship* Spring 2012–present

  • Advanced Research Methods Spring 2010–present

Research Awards

  • Strategic Management Society Emerging Scholar Award, 2013 ($5K)

  • London Business School Term Associate Professorship of Strategy and Entrepreneurship, 2012-2014.

  • Nokia Siemens Network Award for Best Paper in Technology Management, EURAM 2012.

  • London Business School Research and Materials Development Grant (£10k), 2012.

  • Chris Ingram Strategy, Entrepreneurship and Leadership Fund (£20k), 2010-11.

  • London Business School M Lab Grant (£3k), 2011.

  • London Business School Research and Materials Development Grant (£6k), 2010-11.

  • Outstanding Reviewer Award, Journal of Business Venturing, 2009.

  • Kaufman Junior Faculty Fellowship ($50k), 2009-2011.

  • Distinguished Paper Award (BPS Division).AoM, 2008

  • Sumantra Ghoshal Practice & Research Award (BPS Division).AoM, 2007

  • Best Paper Award, Israel Strategy Conference, 2007

  • Research Grant, Wharton Entrepreneurial Programs (WEP), 2004 - 2010.

  • Heizer Award for Best Dissertation (1st place; Ent.Division). AOM, 2005

  • Best Dissertation Award (1st place; TIM Division). AoM, 2005

  • Best Dissertation Award (Finalist, 1-of-5; BPS Division). AoM, 2005

Research Interests

  • Economics of innovation and entrepreneurship
  • Corporate strategy in knowledge industries
  • Venture capital
  • Crowd funding
  • Intellectual property rights