Article2005

An empirical study of university spin‐off development

94 citations0/0 files storedEuropean Journal of Innovation Management

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Entrepreneurship Studies and Influences Innovation and Knowledge Management University-Industry-Government Innovation Models

Abstract

Purpose The paper is concerned with spin‐off firms and the process by which a new firm is created and formed from a university. The objectives are to examine characteristics of firms generated by this process, and the intensity of the spin‐off firms' network activity with the parent organisation and the local environment during this process. Design/methodology/approach The findings are based on a case‐study consisting out of three firms spun‐off from a research centre at Linköping University in the area of visualisation and computer graphics. The source data are gathered from semi‐structured interviews. No generalisation should be drawn from this study due to the small number of firms interviewed and the scope of the technological area addressed. Findings The results show the importance of collaboration between the university spin‐off, with both the parental organisation and outside organisms, to acquire external competencies in the technological area. The parental organisation plays a pivotal role in the spin‐off process, especially in its early stage where its catalyses the emergence of the business idea by supporting the spin‐off firm with infrastructure and expertise in a specific field of mentorship. However, as the spin‐off evolves, this pre‐incubation service complements yet more support services of municipality and region, which stand to be more important in the technological and business development of the spin‐off. Originality/value University spin‐offs have an important place in the innovation process, but their promotion must be part of a wider policy package encouraging networking not only with the host university, but with industry and the public sector as well. For universities and public research organisations, it is advisable to take a more active role in the spin‐off process beyond the pre‐incubation stage.

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References

2002Determinants of innovation capability in small electronics and software firms in southeast England 2003Networks in Entrepreneurship: The Case of High-technology Firms 1992Entrepreneurs in high technology: lessons from MIT and beyond 2001The Focus of Entrepreneurial Research: Contextual and Process Issues 1989Corporate Technological Behaviour: Co-Operation and Networks 2002A stage model of academic spin-off creation 2003Toward a Typology of University Spin-offs 1991Innovation Networks

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2012A bibliometric portrait of the evolution, scientific roots and influence of the literature on university–industry links 2012University startups as a commercialization alternative: lessons from three contrasting case studies 2007Success of research-based spin-offs. State-of-the-art and guidelines for further research 2014Key resources and actors for the evolution of academic spin-offs 2015University-industry knowledge exchange 2020

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