The relational dynamics in the extended teams of academic spin-offs: a Norwegian case-study

Taxt, Randi Elisabeth; Høvig, Øystein Stavø; Pettersen, Inger Beate

doi:10.1504/ijric.2022.125895

Cited by 2 publications

(10 citation statements)

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“…However, other scholars have challenged the linear view of the technology transfer process, suggesting an interactive model where TTOs engage in interactive learning processes in order to acquire the necessary knowledge to develop ASOs (Rasmussen & Borch 2010;Sadek, Kleiman & Loutfy 2015;Taxt et al 2022). Commercialisation is a complex task and requires specialised competence in many fields, and TTOs need to work closely with external partners to acquire the necessary capabilities.…”

Section: The Role Of Investors In Technology Transfer Processesmentioning

confidence: 99%

“…In this model, investors are perceived to take a broader role than just providing capital in exchange for equities. Investors are often approached at an early stage, and they may take a co-creation role, working together with TTO executives and academic entrepreneurs in giving informal advice and input in the commercialisation process (Taxt et al 2022;Weckowska 2015).…”

Section: The Role Of Investors In Technology Transfer Processesmentioning

confidence: 99%

“…The data were analysed based on deductive coding based on the initial theoretical framework of the research and inductive coding as the analysis and interpretation of data emerged. From the initial theoretical framework, we analysed the role played by investors with reference to the commercial 'education' of academic entrepreneurs (Granz et al 2021), the 'honest broker' role (Gubitta et al 2016;Lerner 2005) as well as the relational dynamic between the investors and academic entrepreneurs and TTO executives (Taxt et al 2022;Weckowska 2015). Additionally, all authors have varying degree of insider knowledge of the entrepreneurial ecosystem surrounding universities, which facilitated access to respondents and validated the research findings.…”

Section: Data Collection and Analysismentioning

confidence: 99%

“…Commercialisation of ASOs requires specialised competence in many fields, and universities need to work closely with various stakeholders to acquire the necessary capabilities, as is it unlikely they have expertise in all areas of the research and market domain (Weckowska 2015). And while several researchers (Hossinger et al 2019;Taxt et al 2022) have argued for a more holistic approach in researching ASO development, emphasising the need to integrate the interplay of more actors playing a role in ASO development (Hayter 2016;Hossinger et al 2019), we find that the role of investors is underdeveloped in this literature (Frimanslund & Nath 2022). This is surprising as investors could be seen as particularly critical for ASOs, given these firms' long-term development from early stage to market readiness and the need for substantial capital to grow and reach revenue.…”

Section: Introductionmentioning

confidence: 99%

“…Our aim is to illuminate what role investors play in developing ASOs. Taking a relational approach to technology transfer (Taxt et al 2022;Weckowska 2015), we focus on the interaction and dynamic relationship between investors, academic entrepreneurs and TTO executives in ASO development. We emphasise on university commercialisation funds (UCFs) as a particular form of investor that target ASO companies (exclusively, or part of their mandate) to support ASOs in the early stages of technology and market validation phases.…”

Section: Introductionmentioning

confidence: 99%

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The role of investors in developing academic spin offs: The biotech sector in South Africa

Høvig,

Pettersen,

Neethling

et al. 2023

The Southern African Journal of Entrepreneurship and Small Busi

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Background: While research on commercialisation of academic research suggests that close interaction among academic entrepreneurs, technology transfer officers and investors can aid developing academic spin-offs, we argue that the role of investors is underdeveloped in the literature.Aim: This paper aims to build new theoretical and empirical knowledge about the investor’s role in developing academic spin-offs. Focus is put on the interaction and dynamic relationship between investors, academic entrepreneurs and technology transfer office executives in academic spin-off (ASO) development.Setting: The research is empirical in nature and conducted in the entrepreneurial ecosystem surrounding universities in the Western Cape area in South Africa.Methods: The research is qualitative with a focus on conducting research interviews with knowledgeable respondents. Fourteen semi-structured interviews were used to collect data from investors and other stakeholders in the entrepreneurial ecosystem in the Western Cape area in South Africa.Results: Four themes were uncovered. The study demonstrates a challenge of commercialising research-based inventions; both the team and the entrepreneur play an important role in the commercialisation process; investors can play a role in educating and coaching academic entrepreneurs and play a brokering role in attracting venture capital (VC) funding.Conclusion: The study concludes that the pre-investment behaviour of investors, in relationship with technology transfer offices (TTOs) and academic entrepreneurs, may help mitigate assumed information asymmetries and uncertainty in ASO development.Contribution: The research contributes to the literature by showing how investors’ perception, pre-investment behaviour and vision shape the development of ASOs in a dynamic interaction with technology transfer executives and academic entrepreneurs.

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Section: The Role Of Investors In Technology Transfer Processesmentioning

confidence: 99%

Section: The Role Of Investors In Technology Transfer Processesmentioning

confidence: 99%

Section: Data Collection and Analysismentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

The role of investors in developing academic spin offs: The biotech sector in South Africa

Høvig,

Pettersen,

Neethling

et al. 2023

The Southern African Journal of Entrepreneurship and Small Busi

View full text Add to dashboard Cite

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Exploring the pathway of academic entrepreneurs: The case of Stellenbosch University

Louwrens,

Solomon,

Pettersen

2023

The Southern African Journal of Entrepreneurship and Small Busi

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Background: Universities globally face challenges of becoming entrepreneurial, delivering third mission activities, including the support of academic entrepreneurship. Abundant research exists on academic entrepreneurs in the United Sates (USA) and Europe. Limited research exists on understanding pathways of academic entrepreneurship in South African Universities.Aim: The aim was to critically review the pathway of research commercialisation of academics at a research-intensive university.Setting: This single case study focuses on one research-intensive university; a pioneer in the field of academic entrepreneurship in South Africa.Methods: A qualitative research approach following a single-case study design was selected to investigate a phenomenon within its natural setting, using purposeful sampling and semi-structured interviews. The data were thematically analysed.Results: The nature of research outputs takes a hybrid form, the awareness of the commercialisation of research is ineffectively communicated, supporting mechanisms Technology Transfer Office (TTO) are in place, factors hampering research commercialisation include time constraints and academics’ willingness to partner with the university.Conclusion: Context is bi-modal, meaning the institution is orientated towards basic research, Mode 1, while there is a transition of the research culture towards commercialisation of research, Mode 2, contributing to ineffective communication within the institution. Commercialisation extends the life cycle of research, and the recognition for publication in ranking metrics contributes to tension between commercialisation and publication of research.Contribution: Theoretically, this baseline study provided insights into the pathway of Academic Entrepreneurship in the context of an intensive-research university. Managerially, this article reflects that ineffective communication of transition from Mode 1 to Mode 2 leads to internal tension.

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The relational dynamics in the extended teams of academic spin-offs: a Norwegian case-study

Cited by 2 publications

References 0 publications

The role of investors in developing academic spin offs: The biotech sector in South Africa

The role of investors in developing academic spin offs: The biotech sector in South Africa

Exploring the pathway of academic entrepreneurs: The case of Stellenbosch University

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