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Investigating the complexity facing academic entrepreneurs in science and engineering: the complementarities of research performance, networks and support structures in commercialisation

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  • Evangelos Bourelos
  • Mats Magnusson
  • Maureen McKelvey

Abstract

The relative importance, and specific role, of academic entrepreneurship in society has long focused upon productivity in terms of the commercialisation of research. Public policy is an instrument used in different countries to stimulate start-up companies, including attempts to influence national institutions, university structures and the incentives for individual researchers. This paper contributes with an analysis of Sweden, which has retained the 'professor's privilege', whereby the individual retains inventor rights and can choose to allocate ownership rights. The descriptive results of the survey revealed that academics have positive attitudes to commercialisation and relatively satisfactory commercialisation output. This paper examines the complementarities of research performance, networks and support structure in explaining commercialisation amongst university researchers in science and engineering in Sweden. The results show that publishing is positively correlated with commercialisation and that support structures play an important role through technology transfer offices, courses and incubators. The paper ends by using these results in order to discuss the implications for public policy. Copyright The Author 2012. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

Suggested Citation

  • Evangelos Bourelos & Mats Magnusson & Maureen McKelvey, 2012. "Investigating the complexity facing academic entrepreneurs in science and engineering: the complementarities of research performance, networks and support structures in commercialisation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 36(3), pages 751-780.
  • Handle: RePEc:oup:cambje:v:36:y:2012:i:3:p:751-780
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    File URL: http://hdl.handle.net/10.1093/cje/bes014
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    Citations

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    Cited by:

    1. Enrico Deiaco & Alan Hughes & Maureen McKelvey, 2012. "Universities as strategic actors in the knowledge economy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 36(3), pages 525-541.
    2. Dipan Kumar Sahu & Sucheta Pawar & Prerna Gaur & Sudhir K. Jain, 2023. "Entrepreneurial Engagement of Faculty in Higher Educational Institutions: A Review of Literature 2011–2023," Paradigm, , vol. 27(2), pages 153-171, December.
    3. Prokop, Daniel, 2021. "University entrepreneurial ecosystems and spinoff companies: Configurations, developments and outcomes," Technovation, Elsevier, vol. 107(C).
    4. Francisco Javier Miranda & Antonio Chamorro & Sergio Rubio, 2018. "Re-thinking university spin-off: a critical literature review and a research agenda," The Journal of Technology Transfer, Springer, vol. 43(4), pages 1007-1038, August.
    5. Llopis, Oscar & D'Este, Pablo & McKelvey, Maureen & Yegros, Alfredo, 2022. "Navigating multiple logics: Legitimacy and the quest for societal impact in science," Technovation, Elsevier, vol. 110(C).
    6. Huan Li & Xi Yang & Xinlan Cai, 2022. "Academic spin-off activities and research performance: the mediating role of research collaboration," The Journal of Technology Transfer, Springer, vol. 47(4), pages 1037-1069, August.
    7. Gotsopoulos, Aleksios & Pitsakis, Konstantinos, 2024. "United we stand? Organizational groups and spinoff mortality in the context of academic entrepreneurship," Journal of Business Venturing, Elsevier, vol. 39(1).
    8. Fernández-Pérez, Virginia & Alonso-Galicia, Patricia Esther & Rodríquez-Ariza, Lázaro & Fuentes-Fuentes, María del Mar, 2015. "Professional and personal social networks: A bridge to entrepreneurship for academics?," European Management Journal, Elsevier, vol. 33(1), pages 37-47.
    9. Daniel Prokop & Piers Thompson, 2023. "Defining networks in entrepreneurial ecosystems: the openness of ecosystems," Small Business Economics, Springer, vol. 61(2), pages 517-538, August.
    10. Michaela Trippl & Tanja Sinozic & Helen Lawton Smith, 2015. "The Role of Universities in Regional Development: Conceptual Models and Policy Institutions in the UK, Sweden and Austria," European Planning Studies, Taylor & Francis Journals, vol. 23(9), pages 1722-1740, September.
    11. Uwe Cantner & Philip Doerr & Maximilian Goethner & Matthias Huegel & Martin Kalthaus, 2024. "A procedural perspective on academic spin-off creation: the changing relative importance of the academic and the commercial sphere," Small Business Economics, Springer, vol. 62(4), pages 1555-1590, April.
    12. Aurora Teixeira & Cátia Coimbra, 2014. "The determinants of the internationalization speed of Portuguese university spin-offs: An empirical investigation," Journal of International Entrepreneurship, Springer, vol. 12(3), pages 270-308, September.
    13. Courtioux, Pierre & Métivier, François & Rebérioux, Antoine, 2022. "Nations ranking in scientific competition: Countries get what they paid for," Economic Modelling, Elsevier, vol. 116(C).

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