The contribution of university research to the growth of academic start-ups: an empirical analysis

Colombo, Massimo G.; D'Adda, D.; Piva, Evila

doi:10.1007/s10961-009-9111-9

Cited by 123 publications

(107 citation statements)

References 53 publications

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“…However, most empirical research shows that entrepreneurial activities in universities are associated with higher scientific productivity and strengthen, rather than dilute, the universities' core missions (Van Looy et al 2011). It seems that spin-off activity is positively related to measures of research productivity and quality (Colombo et al 2010;Di Gregorio and Shane 2003). Worries that universities suffer from a brain drain because scientists spend time and effort on entrepreneurial activities have not been confirmed by empirical studies (Toole and Czarnitzki 2010).…”

Section: Why Should Universities Engage?mentioning

confidence: 99%

“…Universities producing high-quality scientific research have a beneficial impact on the growth of local high-tech start-ups, but only if these firms are able to detect, absorb, and use this knowledge (Colombo et al 2010). Even for university spin-offs that have reached the stage of going public, an affiliation with a university enhances valuation, in particular when academics are present in the Top Management Team at the time of the initial public offering (Bonardo et al 2011).…”

Section: Resource Acquisition Competencymentioning

confidence: 99%

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How can universities facilitate academic spin-offs? An entrepreneurial competency perspective

2015

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Some universities are successfully involved in creating and developing new high-growth technology businesses while others struggle to do so. Clearly, the characteristics of the university and its environment are important, but explain only part of this variation. We explore how universities can promote new research-based businesses by suggesting that the nature of the support supplied depends on the demands of the spin-off firms. Adopting a demand side perspective, we seek to understand the challenges faced by new technology businesses and hence identify how universities can assist their start-up and development.From the academic entrepreneurship literature, we derive how universities can supply support for the development of firm competencies either directly or indirectly. The paper nuances the common conception of a university as one uniform entity in relation to spin-offs, and assesses the literature including all levels within the university, from central university administration, TTO, department, research group, scientist, and students.

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Section: Why Should Universities Engage?mentioning

confidence: 99%

Section: Resource Acquisition Competencymentioning

confidence: 99%

How can universities facilitate academic spin-offs? An entrepreneurial competency perspective

2015

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“…However, those firms are the most dynamic firms in regional area showing the highest growth rates and impact on regional growth (see e.g. COLOMBO, et al 2010). Furthermore, the sample is restricted to firms younger than 8 years -the median value of the total sample.…”

Section: Limitations Of the Studymentioning

confidence: 99%

Regional competitiveness, university spillovers, and entrepreneurial activity

2011

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. This study examines the impact of regional competitiveness on the innovative activity of entrepreneurial firms. Based on a unique and hand collected data set of publicly listed high technology start-ups and university regions, this paper tests how regional competitiveness and university spillovers affect the innovation behaviour of entrepreneurial firms. The results provide strong evidence that regional competitiveness and university spillovers are strong complements in fostering innovation activity of entrepreneurial firms. However, the results also raise the question whether incentives for universities and their actors might lead to crowding out effects. Terms of use: Documents in

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“…as a result of patented research, as sponsoring companies attempt to protect their interests and increase their market power (Argyres and Liebeskind, 1998;Dasgupta and David 1994;Stern 2004, Colombo et al, 2010. On the other hand, other scholars agree with the so-called Triple…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Do Firms Benefit from University Research? Evidence from Italy

2016

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Abstract.The aim of this paper is to assess the effect on firm total factor productivity of the university research. Since the impact of universities on firms' performance is subtle and complex, we verify whether territorial context, sector and firm size may influence this relationship. Results show that university R&D does not seem to affect Italian firm productivity. However, if we consider geographical location and sector, we find that university activities have a positive effect on the performance of firms located in the North of Italy or operating in the specialised supplier sector. Several robustness checks confirm the significant role played by universities above all in the North of Italy. The policy implications of these findings are discussed.

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The contribution of university research to the growth of academic start-ups: an empirical analysis

Abstract: Academic start-ups, New technology-based firms, University research, Growth, L25, M13, O30,

Cited by 123 publications

References 53 publications

How can universities facilitate academic spin-offs? An entrepreneurial competency perspective

How can universities facilitate academic spin-offs? An entrepreneurial competency perspective

Regional competitiveness, university spillovers, and entrepreneurial activity

Do Firms Benefit from University Research? Evidence from Italy

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