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A holistic approach to the evolution of an entrepreneurial ecosystem: An exploratory study of academic spin-offs

Author

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  • Abootorabi, Hooman
  • Wiklund, Johan
  • Johnson, Alan R.
  • Miller, Cameron D.

Abstract

Borrowing nomenclature and concepts from ecology and evolutionary biology, we apply descriptive exploratory methods to extend our understanding about the complex dynamics of an entrepreneurial ecosystem. We take a holistic approach to ecosystem analysis, and we analyze the evolution of multiple activities (i.e., entry, exit, growth, and survival) within an entrepreneurial ecosystem and the interactions of these activities with the ecosystem actors and resource providers. Applying our approach to nearly the entire population of academic spin-offs in Norway from 2000 to 2015, we generate a number of important findings. By characterizing the dynamics of an entrepreneurial ecosystem, we take a major step towards theorizing the ecosystem perspective. Our findings have important implications for public policies targeted to promote academic entrepreneurship.

Suggested Citation

  • Abootorabi, Hooman & Wiklund, Johan & Johnson, Alan R. & Miller, Cameron D., 2021. "A holistic approach to the evolution of an entrepreneurial ecosystem: An exploratory study of academic spin-offs," Journal of Business Venturing, Elsevier, vol. 36(5).
    • Handle: RePEc:eee:jbvent:v:36:y:2021:i:5:s0883902621000537
    DOI: 10.1016/j.jbusvent.2021.106143
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    More about this item

    Keywords

    Academic spin-offs; Ecosystem perspective; Entrepreneurial ecosystems; Exploratory research; Government policy;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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