The Effects of Innovativeness on Academic Spin-offs Performance

Ferran Giones, Anders Billström, Einar Rasmussen, Adam Novotny

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Abstrakt

Academic Spin-Offs (ASOs) are born with the mission to bring to market science and technology innovations. Nevertheless, their relative weak financial performance has been a focus of discussion. Prior research has explored factors that explain part of the performance diversity, including aspects related to the academic entrepreneur (e.g. human capital), organizational (e.g. team characteristics, board composition, network of partners), and institutional factors (e.g. university context, support mechanisms). We argue that the diversity of technologies that these firms are based on is an additional source of performance heterogeneity.
Academic spin-offs transition from a research to a market context is complex. The technology novelty in ASOs generates a staged challenge for the academic entrepreneur. First, identifying a market and activating the first sale; second, generating a sustainable revenue stream that brings growth to the ASO. However, we have still a limited knowledge on the relationship between technology innovativeness and firm performance in the ASOs context.
This study tests the relationship between innovativeness dimensions, across different industries, and the observed firm (ASOs) performance. A longitudinal sample, between 2000 and 2012, of 125 academic spin-offs of Norway provides valuable insights on how the origin and characteristics of the technology relates to differences in market performance. The results show how different dimensions of innovativeness have a different impact on ASOs’ market performance, offering a nuanced view of the relationship between innovativeness and performance in this context. The findings provide insights for policy makers and university managers interested in understanding the effects of their policy choices on academic spin-offs.
OriginalsprogEngelsk
Publikationsdato8. jun. 2017
StatusUdgivet - 8. jun. 2017
BegivenhedMoving Knowledge into Action: A Debate on Academic Entrepreneurship - University of Padova, Padova, Italien
Varighed: 8. jun. 20179. jun. 2017

Workshop

WorkshopMoving Knowledge into Action: A Debate on Academic Entrepreneurship
LokationUniversity of Padova
LandItalien
ByPadova
Periode08/06/201709/06/2017

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