Giuseppe Scellato

Short bio

Giuseppe Scellato holds a M.Sc. in Industrial Engineering and a Ph.D. in Economics. He is Full Professor at Politecnico di Torino, where he teaches Corporate Finance and Economics and Management of Innovation. From 2015 to 2018, he has been the Vice Dean of the Faculty of Industrial Engineering and Management. Since 2018, he is the president and CEO of the Innovative Companies Incubator (I3P) of Politecnico di Torino. From 2019 to 2021, he has been a member of the board of directors of LIFTT, an investment company specialized in seed financing. Since 2020, he is in the board of directors of RIF-T, an investment fund focused on early-stage ventures and scale-ups. Since 2017, he is a member of the board of the Future Urban Legacy Lab (FULL) at Politecnico di Torino. Since 2008, he is research affiliate of the Bureau of Research in Innovation Complexity and Knowledge (BRICK) at Collegio Carlo Alberto.

His main research interests are in the areas of economics and management of innovation, entrepreneurship, venture capital markets and the financing of innovation, strategic management of intellectual property rights, and economics of science. His scientific publications have appeared in leading international journals, including Science, Nature, Journal of Corporate Finance, Journal of Banking and Finance, Journal of Management Studies, Research Policy, Journal of Business Research, and Cambridge Journal of Economics. He has been guest editor for different journals in the field of innovation studies.

In recent years, he has been the principal investigator of research projects funded by the European Commission, the European Patent Office, the Joint Research Center, the European Investment Bank, the National Bureau of Economic Research. He has been member of expert groups and committees for the evaluation of public policies for research and innovation in different Italian regions. He has managed numerous consulting project with public and private organisations in the areas of intellectual property and innovation. In 2017, he co-founded the Entrepreneurship and Innovation Center at Politecnico di Torino.

Research activities

  1. Economics and management of intellectual property rights
    In recent years he has carried out different empirical and theoretical studies that have addressed the economic impact of intellectual property law on innovation incentives of firms. In particular his econometric research has focussed on the economic and strategic implications of patent litigation and of the international harmonisation of patent law.
  2. Innovation and finance
    His recent studies in this field consist of empirical analyses on the determinants of financial constraints to R&D investments, the impact of European Bank regulation on innovation activities and the role of public funding to support the venture capital industry. Related publications have appeared journals including the Journal of Banking and Finance, Cambridge Journal of Economics, Journal of Business Research, and International Small Business Journal. In this field, he has been the scientific supervisor of a research grant by the European Investment Bank and the European Investment Fund involving the collection and elaboration of data on publicly sponsored venture capital fund across Europe.
  3. Productivity and innovation dynamics
    This research line consists of a series of empirical studies that have addressed the dynamics of firm-level productivity with a specific focus on Italian manufacturing companies. The research activities benefited from a collaboration with researchers affiliated to the Bureau of Research on Innovation Complexity and Knowledge (BRICK), Collegio Carlo Alberto. Results of this line of research have appeared in different international journals, including Economics of Innovation and New Technologies, Structural Change and Economic Dynamics, Journal of Evolutionary Economics.
  4. Economics of science
    This line of research is dedicated to the study of the role and impact of economic incentives on the process of production and exploitation of scientific discoveries and on the dynamics of scientific systems. He has been the principal investigator for a research grant co-funded by the National Bureau of Economic Research from 2009 to 2012 and focused on the analysis of the processes of globalisation of science and related impacts on the competitiveness of scientific systems of countries. The outcomes of this grant consisted in the generation of the GlobSci dataset, which include detailed information on international mobility patterns of scientists for 16 countries and currently represents the most comprehensive individual-level dataset on researchers migration flows.

Research projects

  • University research funding, patenting and technological impact, grant funded by the European Patent Office under the EPO Academy Research Program, from 2018 to 2020
  • Investigating the capabilities and the competitiveness of the EU vis-à-vis its main competitors in developing civil technologies with critical spillovers to the defence sector, tender JRC/SVQ/2018/B.3/0026/NC funded by the Joint Research Center, European Commission, from 2018 to 2019
  • Effectiveness of IPR systems and innovation with digital technologies, tender JRC/SVQ/2017/B.6/0007/NC funded by the OECD and the Joint Research Center, European Commission, from 2017 to 2018
  • Assessing the innovation capability of EU companies in developing dual-use technologies, tender JRC/SVQ/2017/B.3/0032/NC funded by the Joint Research Center, European Commission, from 2017 to 2018
  • An analysis of the role and engagement of universities with regard to participation in the Framework Programmes, project under the Framework Contract 2012/S 144-240132 funded by the Directorate General for Research and Innovation, European Commission, 2015
  • Globalisation of science: impact on national competitiveness and policy implications, Innovation Policy and the Economy (IPE) working group, Italian Government and National Bureau of Economic Research, from 2009 to 2015
  • IP Lab, research project for the development and application of advanced techniques for patent data mining and technology assessment funded by Finmeccanica, from 2012 to 2016
  • Framework contract for the provision of consulting services in the area of Intellectual Property Rights, project funded by the Directorate General for Internal Policies, European Parliament, from 2011 to 2015
  • Study on the quality of the patent system in Europe, tender MARKT/2009/11/D funded by the Directorate General for Internal Market, Industry, Entrepreneurship and SMEs, European Commission, 2011
  • Current policy issues in the governance of the European patent system, project sponsored by the Directorate General for Internal Policies, European Parliament under the Science and Technology Option Assessment (STOA) program, 2009
  • Private equity, innovation and structural change: a comparative analysis across European countries, project sponsored by the European Investment Bank and carried out in collaboration with the European Investment Fund, from 2008 to 2009
  • CREATE: innovation in Information and Communication Technologies to support creative industries, project funded by European Commission, from 2008 to 2010
  • Observatory on Innovative Companies, project funded by the Torino Chamber of Commerce, from 2012 to 2018

Boards and committees

  • Expert Group on Research and Innovation Policy, Emilia Romagna Regional Government, Italy, from 2014 to 2016
  • Expert Group on the Evaluation of Research and Innovation Policy, Trentino Regional Government, Italy, from 2013 to 2014
  • Committee for Intellectual Property Rights, Politecnico di Torino, Italy, since 2013
  • Social Entrepreneurship Committee, Torino Chamber of Commerce, Italy, since 2016

Selected publications

  • CROCE, A., UGHETTO, E., SCELLATO, G., FONTANA, F., (2021), “Social impact venture capital investing: an explorative study”, Venture Capital, 1-25, Taylor & Francis, 10.1080/13691066.2021.1982069
  • BUTTICÈ, V., CAVIGGIOLI, F., FRANZONI, C., SCELLATO, G., STRYSZOWSKI, P., THUMM, N., (2020), “Counterfeiting in digital technologies: an empirical analysis of the economic performance and innovative activities of affected companies”, Research Policy, 49(5), 103959, Elsevier, 10.1016/J.RESPOL.2020.103959
  • CAVIGGIOLI, F., JENSEN, P., SCELLATO, G., (2020), “Highly skilled migrants and technological diversification in the US and Europe”, Technological Forecasting and Social Change, 154, 119951, Elsevier, 10.1016/J.TECHFORE.2020.119951
  • CAVIGGIOLI, F., SCELLATO, G., UGHETTO, E., (2020), “Lenders’ selection capabilities, patent quality, and the outcome of patent-backed loans”, Industrial and Corporate Change, 29(1), 43-60, Oxford University Press, 10.1093/ICC/DTZ029
  • COLOMBELLI, A., DE MARCO, A., PAOLUCCI, E., RICCI, R., SCELLATO, G., (2020), “University technology transfer and the evolution of regional specialization: the case of Turin”, Journal of Technology Transfer, 46(4), 933-960, Springer, 10.1007/S10961-020-09801-W
  • ANTONELLI, C., SCELLATO, G., (2019), “Wage inequality and directed technological change: implications for income distribution”, Technological Forecasting and Social Change, 141(C), 59-65, Elsevier, 10.1016/J.TECHFORE.2019.01.016
  • ANTONELLI, C., CRESPI, F., SCELLATO, G., (2018), “Productivity growth persistence: firm strategies, size and system properties”, in ANTONELLI, C. The Evolutionary Complexity of Endogenous Innovation: the Engines of the Creative Response, Edward Elgar, 978-1-78811-378-6
  • GRILLI, L., MAZZUCATO, M., MEOLI, M., SCELLATO, G., (2018), “Sowing the seeds of the future: policies for financing tomorrow’s innovations”, Technology Forecasting and Social Change, 127, 1-7, Elsevier, 10.1016/J.TECHFORE.2017.10.021
  • SCELLATO, G., FRANZONI, C., STEPHAN, P., (2018), “Context factors and the performance of mobile individuals in research teams”, Journal of Management Studies, 55(1), 27-59, Wiley, 10.1111/JOMS.12279
  • SCELLATO, G., FRANZONI, C., STEPHAN, P., (2017), “A mobility boost for research”, Science, 356(6339), 694-694, American Association for the Advancement of Science, 10.1126/SCIENCE.AAN4052
  • DE MARCO, A., SCELLATO, G., UGHETTO, E., CAVIGGIOLI, F., (2017), “Global markets for technology: evidence from patent transactions”, Research Policy, 46(9), 1644-1654, Elsevier, 10.1016/J.RESPOL.2017.07.015
  • CAVIGGIOLI, F., DE MARCO, A., SCELLATO, G., UGHETTO, E., (2017), “Corporate strategies for technology acquisition: evidence from patent transactions”, Management Decision, 55(6), 1163-1181, Emerald Publishing, 10.1108/MD-04-2016-0220
  • UGHETTO, E., SCELLATO, G., COWLING, M., (2017), “Cost of capital and public loan guarantees to small firms”, Small Business Economics, 49(2), 319-337, Springer, 10.1007/S11187-017-9845-Y
  • ANTONELLI, C., CRESPI, F., OSPINA, C., SCELLATO, G., (2016), “Knowledge composition, Jacobs externalities and innovation performance in European regions”, Regional Studies, 51(11), 1708-1720, Taylor & Francis, 10.1080/00343404.2016.1217405
  • BUZZACCHI, L., SCELLATO, G., UGHETTO, E., (2016) “Medical malpractice claims in Italy: scale and scope effects”, Social Science & Medicine, 170, 152-160, Elsevier, 10.1016/J.SOCSCIMED.2016.10.021
  • CAMBINI, C., CAVIGGIOLI, F., SCELLATO, G., (2016), “Innovation and market regulation: evidence from the European electricity industry”, Industry and Innovation, 23(8), 734-752, Taylor & Francis, 10.1080/13662716.2016.1206464
  • FRANZONI, C., SCELLATO, G., STEPHAN, P., (2016), “Global competition for scientific talent: evidence from location decisions of Ph.D.s and postdocs in 16 countries”, Industrial and Corporate Change, 25(3), 457-485, Oxford University Press, 10.1093/ICC/DTV037
  • ANTONELLI, C., CRESPI, F., SCELLATO, G., (2015), “Productivity growth persistence: firm strategies, size and system properties”, Small Business Economics, 45(1), 129-147, Springer, 10.1007/S11187-015-9644-2
  • BUZZACCHI, L., SCELLATO, G., UGHETTO, E., (2015), “Investment stage drifts and venture capital managerial incentives”, Journal of Corporate Finance, 33(C), 118-128, Elsevier, 10.1016/J.JCORPFIN.2015.05.006
  • CAVIGGIOLI, F., DE MARCO, A., SCELLATO, G., ROGO, F., (2015), “Patenting strategies and characteristics of declared inventions in the long term evolution standard”, R&D Management, 46(2), 664-676, Wiley, 10.1111/RADM.12194
  • FRANZONI, C., SCELLATO, G., STEPHAN, P., (2015), “International competition for PhD and postdoctoral scholars: what does (and does not) matter”, Innovation Policy and the Economy, 15(1), 73-113, University of Chicago Press, 10.1086/680060
  • FRANZONI, C., SCELLATO, G., STEPHAN, P., (2015), “Migrant scientists and international networks”, Research Policy, 44(1), 108-120, Elsevier, 10.1016/J.RESPOL.2014.07.014
  • ANTONELLI, C., SCELLATO, G., (2014), “Firm size and directed technological change”, Small Business Economics, 44(1), 207-218, Springer, 10.1007/S11187-014-9593-1
  • FRANZONI, C., SCELLATO, G., STEPHAN, P., (2014), “The mover’s advantage. The superior performance of migrant scientists”, Economic Letters, 122(1), 879-893, Elsevier, 10.1016/J.ECONLET.2013.10.040
  • LE BAS, C., SCELLATO, G., (2014), “Firm innovation persistence: a fresh look at the framework of analysis”, Economics of Innovation and New Technology, 23(5-6), 423-446, Taylor & Francis, 10.1080/10438599.2014.895511
  • ODASSO, C., SCELLATO, G., UGHETTO, E., (2014), “Selling patents at auction: an empirical analysis of patent value”, Industrial and Corporate Change, 42(2), 417-438, Oxford University Press, 10.1093/ICC/DTU015
  • SCELLATO, G., UGHETTO, E., (2014), “Real effects of private equity investments: evidence from European buyouts”, Journal of Business Research, 66(12), 2642-2649, Elsevier, 10.1016/J.JBUSRES.2012.06.001
  • ANTONELLI, C., CRESPI, F., SCELLATO, G., (2013), “Internal and external factors in innovation persistence”, Economics of Innovation and New Technology, 22(3), 256-280, Taylor & Francis, 10.1080/10438599.2012.708135
  • ANTONELLI, C., SCELLATO, G., (2013), “Complexity and innovation: social interactions and firm level total factor productivity”, Journal of Evolutionary Economics, 23(1), 77-96, Springer, 10.1007/S00191-012-0299-8
  • BUZZACCHI, L., SCELLATO, G., UGHETTO, E., (2013), “The investment strategies of publicly sponsored venture capital funds”, Journal of Banking and Finance, 37(3), 707-716, Elsevier, 10.1016/J.JBANKFIN.2012.10.018
  • CAVIGGIOLI, F., SCELLATO, G., UGHETTO, E., (2013), “International patent disputes: evidence from oppositions at the European Patent Office”, Research Policy, 42(9), 1634-1646, Elsevier, 10.1016/J.RESPOL.2013.06.004
  • ANTONELLI, C., CRESPI, F., SCELLATO, G., (2012), “Inside innovation persistence: new evidence from Italian micro-data”, Structural Change and Economic Dynamics, 23(4), 341-353, Elsevier, 10.1016/J.STRUECO.2012.03.002
  • FRANZONI, C., SCELLATO, G., STEPHAN, P., (2012), “Foreign-born scientists: mobility patterns for sixteen countries”, Nature Biotechnology, 30(12), 1250-1253, Nature Publishing, 10.1038/NBT.2449
  • ANTONELLI, C., SCELLATO, G., (2011), “Out of equilibrium profit and innovation”, Economics of Innovation and New Technologies, 20(5), 405-421, Taylor & Francis, 10.1080/10438599.2011.562350
  • FRANZONI, C., SCELLATO, G., (2011), “Academic patenting and the consequence for scientific research”, Australian Economic Review, 44(1), 95-101, Wiley, 10.1111/J.1467-8462.2010.00624.X
  • FRANZONI, C., SCELLATO, G., STEPHAN, P., (2011), “Changing incentives to publish”, Science, 333(6043), 702-703, American Association for the Advancement of Science, 10.1126/SCIENCE.1197286
  • CATALANO, G., LANDONI, P., SCELLATO, G., (2010), “Science parks contribution to scientific and technological development”, International Journal of Technology, Policy and Management, 10(1-2), 1468-4322, Inderscience Publishers, 10.1504/IJTPM.2010.032852
  • CRESPI, F., SCELLATO, G., (2010), “Ownership structure, internal financing and investment dynamics”, The Manchester School, 78(3), 242-258, Wiley, 10.1111/J.1467-9957.2009.02134.X
  • FRANZONI, C., SCELLATO, G., (2010), “The grace period in international patent law and its effect on timing of disclosure”, Research Policy, 39(2), 200-213, Elsevier, 10.1016/J.RESPOL.2009.11.006
  • SCELLATO, G., UGHETTO, E., (2010), “The Basel II reform and the provision of finance for R&D activities in SMEs: an analysis for a sample of Italian companies”, International Small Business Journal, 28(1), 65-89, Sage Publications, 10.1177/0266242609350825
  • CALDERINI, M., MONCALVO, D., SCELLATO, G., (2009), “R&D platforms”, in CHIESA, V. and FRATTINI, A. Evaluation and Performance Measurement of Research and Development, Edward Elgar, 978-1-84720-984-1
  • BUZZACCHI, L., SCELLATO, G., (2008), “Patent litigation insurance and R&D incentives”, International Review of Law and Economics, 28(4), 272-286, Elsevier, 10.1016/J.IRLE.2008.07.005
  • SCELLATO, G., (2007), “Patents, firm size and financial constraints: an empirical analysis for a sample of Italian manufacturing firms”, Cambridge Journal of Economics, 31(1), 55-76, Oxford University Press, 10.1093/CJE/BEL006
  • CALDERINI, M., SCELLATO, G., (2005), “Academic research, technological specialization and the innovation performance in European regions: an empirical analysis in the wireless sector”, Industrial and Corporate Change, 14(2), 279-305, Oxford University Press, 10.1093/ICC/DTH054

Curriculum vitae


Innovation Studies
Department of Management and Production Engineering (DIGEP)
Politecnico di Torino Duca degli Abruzzi 24
10129 Torino (TO)