Science Parks and the Development of NTBFs— Location, Survival and Growth

Ferguson, Richard; Olofsson, Christer

doi:10.1023/b:jott.0000011178.44095.cd

Cited by 198 publications

(175 citation statements)

References 18 publications

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“…Nevertheless, survival as main and explicit focus tends to remain a minor interest in NTBF research 3 . Empirical studies show that links with higher education institutes, incubators, and science parks are key elements in NTBF survival (Westhead and Storey 1995;Ferguson and Olofsson 2004). Moreover, both firm and industry level characteristics (Strotmann 2007;Box 2008) have been assessed as attributes of NTBF survival.…”

Section: Founders' Human Capital and Ntbf Survival: Evidence From Prementioning

confidence: 99%

“To have and have not”: founders’ human capital and university start-up survival

et al. 2013

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This is an accepted version of a paper published in Journal of Technology Transfer. This paper has been peer-reviewed but does not include the final publisher proof-corrections or journal pagination.Citation for the published paper: Criaco, G., Minola, T., Migliorini, P., Serarols-Tarrés, C. AbstractIn order to preserve innovation, knowledge development and diffusion, as well as the transfer of new technologies, the emergence of University Start-Ups (USU) and their survival as a particular dimension of performance represents a relevant research topic. As USU generally have scarce initial resources, the human capital of their founders is one of their main business assets. Although the survival of such firms is supposed to be heavily dependent on the human capital characteristics of their founders, this has not received enough attention in existing research. In this paper we investigate the contribution of founders' specific human capital characteristics to the survival of USU, building on Gimeno et al. (Adm Sci Q 42:750-783, 1997) threshold model of entrepreneurial exit. We divide USU founders' specific human capital into three components (entrepreneurship, industry and university) in order to better understand its impact on firm survival. Our theoretical model is empirically tested on a unique sample of Catalan USU through a logistic regression analysis.Coherently with our theoretical reasoning, the results show that industry human capital negatively affect USU survival, while university human capital and entrepreneurship human capital enhance the likelihood of USU survival.

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Section: Founders' Human Capital and Ntbf Survival: Evidence From Prementioning

confidence: 99%

“To have and have not”: founders’ human capital and university start-up survival

et al. 2013

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“…They are usually allocated to individual resident firms to compensate for limited access to key resources from the local economy or to facilitate access to a shared research and technical infrastructure for lowering the research/operation costs of firms (Storey and Tether 1998;Aerts et al 2007;Bruneel et al 2012), thereby reducing the 'liability of newness' (Ferguson and Olofsson 2004). Increasingly in western countries, TBIs are acting as mediators between entrepreneurs and providers of key resources (e.g.…”

Section: Introductionmentioning

confidence: 99%

The graduation performance of technology business incubators in China’s three tier cities: the role of incubator funding, technical support, and entrepreneurial mentoring

North

2016

J Technol Transf

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This study examines the effects of technology business incubator (TBI)'s funding, technical support and entrepreneurial mentoring on the graduation performance of new technology-based firms in China's three tier cities. Using a new dataset on all TBIs and incubated new technology-based firms from government surveys conducted over five consecutive years from 2009 to 2013 combined with archival and handcollected data, we find the effects of incubator services on the early growth of new technology-based firms vary according to the local context. Technical support facilities and entrepreneurial mentoring from TBIs are found to have significantly and positively influenced the early development of the firms in the four most affluent tier 1 cities, whilst these effects become less pronounced for the tier 2 and tier 3 cities. These two services are also found to influence graduation performance in the government and university types of TBI respectively. Results support the notion that the effectiveness of an incubator's services is shaped by the level of a city's socio-economic development and that the city location of a TBI does impact the graduation performance of its incubatees.

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“…The different definitions however also have two common denominators: science parks focus on hosting R&D active firms on the one hand, and are established in order to facilitate technology transfer between science and industry on the other. Many authors indicate that science parks are typically oriented towards young technology-based firms (Westhead and Batstone, 1998;Löfsten and Lindelöf, 2002;Löfsten, 2003, 2005;Ferguson and Olofsson, 2004) and one of the main missions of science parks is, therefore, related to the nurturing of academic firm formation (Feldman and Francis, 2003;Ferguson and Olofsson, 2004;Lindelöf and Löfsten, 2005). Bania et al (1992) argued that the technological environment of a particular park located near universities and research institutions can attract and encourage R&D active firms to populate such an area.…”

Section: Defining the Science Park's Missionmentioning

confidence: 99%

“…The literature on science parks has identified a number of potential benefits science parks bring in their wake. These include: the reinforcement or regeneration of regional expertise (Löfsten and Lindelöf, 2001;Feldman and Francis, 2003;Siegel et al, 2003), the creation of economic growth by increasing or diffusing innovation (Cooke, 2001;Link and Scott, 2003;Herstatt and Lettl, 2004;Zhu and Tann, 2005;Hu, 2007), the creation of high value added activities (Cooke, 2001;Löfsten and Lindelöf, 2002;Ferguson and Olofsson, 2004;Garnsey and Longhi, 2004;Tsai, 2005), the generation of highly skilled labour (Anderson and Sjölund, 2005), the attraction of international investors (Blanc et al, 2004;British Council, 2002), and the facilitation of transfer of knowledge and technology (Cabral, 1998;Macdonald and Joseph, 2001;Löfsten and Lindelöf, 2002;Link and Scott, 2003;Nursall, 2003;Cassingena Harper and Georghiou, 2005). All in all, science parks have become a key instrument of regional economic development (Wessner, 2009).…”

Section: Introductionmentioning

confidence: 99%

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Technology transfer as a driver for location of R&D active firms on science parks

Spithoven

2015

IJIRD

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Abstract:In a knowledge-based economy R&D activities are central. Since knowledge is more distributed, the need for networking between agents becomes essential. In innovation systems, all actors interact to source external knowledge, posing new challenges to science parks' missions. Networking leads to a new interpretation of the supporting role of science parks. Networking activities are largely localised and create hotspots for innovative activities. Science parks are among the most tangible strategic projects in science policy. This paper sheds light on the extent to which science parks help to favour technology transfer. Using firm level data, the role of science parks is screened. Especially high tech service companies are located on science parks, as are firms that deploy activities that are information intensive and science based. On-park firms refer to a larger extent to technology transfer linked drivers for their location, compared to off-park firms.

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Science Parks and the Development of NTBFs— Location, Survival and Growth

Cited by 198 publications

References 18 publications

“To have and have not”: founders’ human capital and university start-up survival

“To have and have not”: founders’ human capital and university start-up survival

The graduation performance of technology business incubators in China’s three tier cities: the role of incubator funding, technical support, and entrepreneurial mentoring

Technology transfer as a driver for location of R&D active firms on science parks

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