Nurture or nature? The growth paradox of research-based spin-offs
Journal
Technology Analysis and Strategic Management
ISSN
0953-7325
Type
journal article
Date Issued
2012
Author(s)
Abstract (De)
This study explores the effect of institutional origin (‘nurture’) and economic context (‘nature’) on the financial resource endowment and subsequent early employment growth of research-based spin-offs (RBSOs). The nurture dimensions capture the relationship between the parent research institution and the RBSO during the start-up phase: the type of incubation model, the formal vs informal transfer of technology and the extent of inventors’ involvement with the firm. The nature dimensions include the technology domain in which the RBSO operates and the complexity of the sales process. Using a unique dataset of RBSOs in Flanders (N=85, representing 75% of the population), our analysis shows that the financial resource endowment, is predicted by both institutional origin (nurture) dimensions and economic context ones (nature). Initial capital in turn, is a key driver of subsequent employment growth of RBSOs.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
Global Center for Entrepreneurship + Innovation
Refereed
Yes
Publisher
Routledge
Volume
24
Number
1
Start page
21
End page
35
Official URL
Subject(s)
Eprints ID
255332