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University capabilities in facilitating entrepreneurship: A longitudinal study of spin-off ventures at mid-range universities

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  • Rasmussen, Einar
  • Borch, Odd Jarl
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    Abstract

    This paper investigated how universities facilitate the process of spin-off venture formation based on academic research. Building on a capability perspective, we add to the literature on university characteristics and resources by exploring how the university context impacts the entrepreneurial process. We based our study on two mid-range universities and followed the start-up process of four spin-off ventures. Based on the results of our longitudinal study, we propose a set of three university capabilities that facilitate the venture-formation process: (1) creating new paths of action, (2) balancing both academic and commercial interests, and (3) integrating new resources. Each capability is particularly important for specific phases in the venturing process. Our findings suggest that these capabilities are dependent on prior spin-off experience and reside within several actors both inside and outside of the university. Furthermore, universities with weaknesses in the identified areas can take strategic action to develop these capabilities to some degree.

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    Bibliographic Info

    Article provided by Elsevier in its journal Research Policy.

    Volume (Year): 39 (2010)
    Issue (Month): 5 (June)
    Pages: 602-612

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    Handle: RePEc:eee:respol:v:39:y:2010:i:5:p:602-612

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    Web page: http://www.elsevier.com/locate/respol

    Related research

    Keywords: Academic entrepreneurship Technology transfer University capabilities University spin-offs Venture-formation process;

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    Cited by:
    1. Diego Matricano & Luigi Guadalupi & Valerio Aniello Tutore & Francesco Andreottola & Mario Sorrentino, 2012. "The Creation of Academic Spin-offs: Evidences from Italy," DSI Essays Series, DSI - Dipartimento di Studi sull'Impresa, vol. 27.
    2. Johnson, William H.A., 2011. "Managing university technology development using organizational control theory," Research Policy, Elsevier, Elsevier, vol. 40(6), pages 842-852, July.
    3. Ming Chu Leung & John A. Mathews, 2011. "Origins and dynamics of university spin-offs: the case of Hong Kong," International Journal of Transitions and Innovation Systems, Inderscience Enterprises Ltd, vol. 1(2), pages 175-201.
    4. Rasmussen, Einar & Mosey, Simon & Wright, Mike, 2014. "The influence of university departments on the evolution of entrepreneurial competencies in spin-off ventures," Research Policy, Elsevier, Elsevier, vol. 43(1), pages 92-106.
    5. Einar Rasmussen & Paul Benneworth & Magnus Gulbrandsen, 2013. "Scoping paper: Developing University Innovation Capacity: How can innovation policy effectively harness universities’ capability to promote high-growth technology businesses?," Working Papers on Innovation Studies 20131007, Centre for Technology, Innovation and Culture, University of Oslo.

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