Entrepreneurial ecosystems and the lifecycle of university business incubators: An integrative case study

Nicholls‐Nixon, Charlene L.; Valliere, Dave; Gedeon, Steven A.; Wise, Sean

doi:10.1007/s11365-019-00622-4

Cited by 44 publications

(40 citation statements)

References 88 publications

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“…The impact of incubation services (e.g., infrastructures, coaching and networking) has been explored in the graduation rates of tenants in the incubation centres (Peters et al, 2004;Wright et al, 2017). In this level of analysis, these empirical studies have evidenced the significant impact on academic entrepreneurship rates based on the quality of services offered by the incubators (Nicholls-Nixon et al, 2020;van Rijnsoever, 2020). Therefore, under the incubators' umbrella, the perception of students/graduates about risk considerably varies in comparison with the perception of those graduates that have not received this support (Di Gregorio and Shane, 2003;O'Shea et al, 2008;Grimaldi et al, 2011).…”

Section: Influence On Tolerate Risk Via Entrepreneurial University's Incubatorsmentioning

confidence: 99%

Entrepreneurial university ecosystems and graduates' career patterns: do entrepreneurship education programmes and university business incubators matter?

Guerrero¹,

Urbano

Gajón

2020

JMD

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PurposeThis paper provides insights about how graduates' career patterns (i.e. academic entrepreneur, self-employed or paid employed) are influenced by entrepreneurial university ecosystems (i.e. incubators and entrepreneurship education programs).Design/methodology/approachBy adopting Douglas and Shepherd's utility-maximising function, the influence of one entrepreneurial university ecosystem on graduates' career choices was tested using a sample of 11,512 graduates from the Monterrey Institute of Technology and Higher Education (ITESM) in Mexico.FindingsOur results show the critical role of entrepreneurial universities ecosystems in facilitating employability options as academic entrepreneurship for ITESM's graduates. The study shows some insights about how graduates' risk aversion and work effort are positively influenced by the university business incubator and entrepreneurship education programs, respectively.Practical implicationsDiverse implications for stakeholders have emerged from our results. These implications are associated with potential benefits of implementing programmes oriented to engage academic entrepreneurship within Latin American universities.Originality/valueEntrepreneurial universities provide a range of employability alternatives for their students, such as to be self-employed, academic entrepreneurs or paid employees. In this scenario, entrepreneurial universities have configured entrepreneurial ecosystems (educational programmes, business incubators and other infrastructures) to support potential entrepreneurs (students, academics, staff and alumni). Despite the relevance of the environmental conditions on individuals' occupational choices, few studies have explored the role of the entrepreneurial university ecosystems on graduates' employability. In this vein, our study contributes to some academic discussions: (1) the role of context on career choice models (Ilouga et al., 2014; Sieger and Monsen, 2015), (2) the role of incubators and entrepreneurship education on fostering academic entrepreneurship on the graduates' community (Nabi et al., 2017; Good et al., 2019; Guerrero and Urbano, 2019a) and (3) the effectiveness of the entrepreneurial university ecosystems on graduates' employability (Herrera et al., 2018; Wright et al., 2017).

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Section: Influence On Tolerate Risk Via Entrepreneurial University's Incubatorsmentioning

confidence: 99%

Entrepreneurial university ecosystems and graduates' career patterns: do entrepreneurship education programmes and university business incubators matter?

Guerrero¹,

Urbano

Gajón

2020

JMD

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“…The creation and evolution of an entrepreneurial ecosystem can be organically entrepreneur-led (Feld, 2012); alternatively and possibly simultaneously, it can be guided by the visible hand of government (Adams, 2020;Fuerlinger et al, 2015), or even anchored by large corporations Colombo et al, 2019;Ryan et al, 2020) and universities (Cunningham et al, 2019;Hayter, 2016;Johnson et al, 2019;Miller & Acs, 2017;Nicholls-Nixon et al, 2020). Additionally, an entrepreneurial ecosystem can mutate from a pre-existing system such as an industry cluster (Autio et al, 2018;Pitelis, 2012), or set of co-located clusters of varying vintages, through technological convergence in related and unrelated branches (Auerswald & Dani, 2017).…”

Section: An Evolutionary Perspective On Entrepreneurial Ecosystemsmentioning

confidence: 99%

“…Universities can also deepen an entrepreneurial ecosystem's technology base and enhance its capacity as the breeding ground for entrepreneurship. Extensive research shows that universities can incubate and facilitate new venture spinoffs in an entrepreneurial ecosystem too (Cunningham et al, 2019;Hayter et al, 2018;Johnson et al, 2019;Miller & Acs, 2017;Nicholls-Nixon et al, 2020;Theodoraki et al, 2018). Renowned entrepreneurial ecosystems, such as Silicon Valley, Route 158, and Cambridge UK, have world-class universities that record high rates of such spinoffs (Audretsch & Belitski, 2013).…”

Section: An Evolutionary Perspective On Entrepreneurial Ecosystemsmentioning

confidence: 99%

“…Different actors can impact the birth and growth of an entrepreneurial ecosystem. Examples of EE catalysts include the local university (Cunningham et al, 2019;Hayter et al, 2018;Johnson et al, 2019;Miller & Acs, 2017;Nicholls-Nixon et al, 2020), incubators and accelerators (Breznitz & Zhang, 2019;Hochberg, 2016;Qin et al, 2019), diaspora (Baron & Harima, 2019Schäfer & Henn, 2018), and large firms Colombo et al, 2019;Mason, Colin;Brown 2014;Ryan et al, 2020). Future research could address the roles of actors in the creation of an entrepreneurial ecosystem.…”

Section: Is the Evolving Ee More A Life Cycle Or An Adaptive System?mentioning

confidence: 99%

“…Assessing the mechanisms whereby an ecosystem's boundaries evolve over time and across space requires understanding the meaning of the geographical scope of such boundaries. If the digitized global scale for an EE is too large, then, at the other extreme, viewing universities and accelerators, not as actors or elements but rather as EEs in their own right is confusingly too small and restricting (Johnson et al, 2019;Nicholls-Nixon et al, 2020;Qin et al, 2019). Future research should focus on the region as the unit of study but can also consider 'nested' subset ecosystems.…”

Section: What Are the Evolving Boundaries And Different Models Of Entrepreneurial Ecosystems?mentioning

confidence: 99%

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Evolutionary entrepreneurial ecosystems: a research pathway

2021

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The recent widespread interest of policy in entrepreneurial ecosystems has been complemented by a burgeoning academic research output. This research to date may be broadly categorized as focusing on place, actors, governance, and evolution. Of these groupings, evolutionary processes have been paid least attention despite their centrality to a dynamic ecosystem phenomenon that evolves from an origin through processes of growth, adaptation, and resilience. To redress this imbalance, we frame a future research agenda on evolutionary processes of entrepreneurial ecosystems. Foremost amongst these are the competing lens for the evolutionary processes, the appropriate and evolving geographic scope and boundaries of the ecosystem, and the evolving visible or invisible modes of governance. Methodologically, we call for greater use of longitudinal studies of such evolutionary processes.

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Cleantech incubators within the sustainable entrepreneurial ecosystem: Fundraising sources, income generation strategies, and the role of public support

Pierrakis,

Ivanova,

Chawdhary

2024

Strategic Change

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This paper explores the different financial viability strategies adopted by cleantech incubators (CTIs) located in both high‐income and medium‐ and low‐income countries. More specifically, we focus on three interrelated research questions: (i) What are the most common funding sources for CTIs, and how do they differ between high‐income and medium‐ and low‐income countries? (ii) What income generation strategies do they employ to achieve financial viability? (iii) What appears to be the main influence on whether or not a CTI adapts suitable strategies to achieve financial viability? The study uses data from 71 CTIs and interviews with 11 cleantech incubator managers. Although the vast majority of the examined CTIs rely on public funding, our results suggest that high levels of fundraising and income diversification strategies are requirements for securing financial viability. In addition, higher levels of government involvement appear to correlate with fewer income diversification strategies, whereas lower levels of government involvement increase the likelihood of the incubator's proclivity to pursue different fundraising and income generation revenues.

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Entrepreneurial ecosystems and the lifecycle of university business incubators: An integrative case study

Cited by 44 publications

References 88 publications

Entrepreneurial university ecosystems and graduates' career patterns: do entrepreneurship education programmes and university business incubators matter?

Entrepreneurial university ecosystems and graduates' career patterns: do entrepreneurship education programmes and university business incubators matter?

Evolutionary entrepreneurial ecosystems: a research pathway

Cleantech incubators within the sustainable entrepreneurial ecosystem: Fundraising sources, income generation strategies, and the role of public support

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