The impact of entrepreneurial capacity, experience and organizational support on academic entrepreneurship
AbstractAlthough sources and determinants of academic entrepreneurship have begun to command the attention of policy-makers and researchers, there remain many unanswered questions about how individual and social factors shape the decisions of academics to engage in entrepreneurial activities. Using a large-scale panel of academics from a variety of UK universities from 2001 to 2009, this paper examines how an academics' level of entrepreneurial capacity in terms of opportunity recognition capacity, and their prior entrepreneurial experience shape the likelihood of them being involved in starting up a new venture. In addition, we explore what role university Technology Transfer Offices (TTOs) play in stimulating venture creation. The results show that individual-level attributes and experience are the most important predictors of academic entrepreneurship. We also find that the social environment surrounding the academic also plays an influential role, but its role is much less pronounced than individual-level factors. Finally, we show that the activities of the TTO play only a marginal, indirect role, in driving academics to start new ventures. We explore the implications of this analysis for policy and organizational design for academic entrepreneurship.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Research Policy.
Volume (Year): 40 (2011)
Issue (Month): 8 (October)
Contact details of provider:
Web page: http://www.elsevier.com/locate/respol
Academic entrepreneurship Technology Transfer Offices Spin-offs;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Siegel, Donald S. & Waldman, David & Link, Albert, 2003. "Assessing the impact of organizational practices on the relative productivity of university technology transfer offices: an exploratory study," Research Policy, Elsevier, vol. 32(1), pages 27-48, January.
- Frank T. Rothaermel & Shanti D. Agung & Lin Jiang, 2007. "University entrepreneurship: a taxonomy of the literature," Industrial and Corporate Change, Oxford University Press, vol. 16(4), pages 691-791, August.
- Lockett, Andy & Wright, Mike, 2005. "Resources, capabilities, risk capital and the creation of university spin-out companies," Research Policy, Elsevier, vol. 34(7), pages 1043-1057, September.
- Souitaris, Vangelis & Zerbinati, Stefania & Al-Laham, Andreas, 2007. "Do entrepreneurship programmes raise entrepreneurial intention of science and engineering students? The effect of learning, inspiration and resources," Journal of Business Venturing, Elsevier, vol. 22(4), pages 566-591, July.
- Robert A. Baron & Michael D. Ensley, 2006. "Opportunity Recognition as the Detection of Meaningful Patterns: Evidence from Comparisons of Novice and Experienced Entrepreneurs," Management Science, INFORMS, vol. 52(9), pages 1331-1344, September.
- Jerry G. Thursby & Marie C. Thursby, 2000.
"Who is Selling the Ivory Tower? Sources of Growth in University Licensing,"
NBER Working Papers
7718, National Bureau of Economic Research, Inc.
- Jerry G. Thursby & Marie C. Thursby, 2002. "Who Is Selling the Ivory Tower? Sources of Growth in University Licensing," Management Science, INFORMS, vol. 48(1), pages 90-104, January.
- Bart Clarysse & Mike Wright & Andy Lockett & Philippe Mustar & Mirjam Knockaert, 2007. "Academic spin-offs, formal technology transfer and capital raising," Industrial and Corporate Change, Oxford University Press, vol. 16(4), pages 609-640, August.
- B. Clarysse & M. Wright & A. Lockett & E. Van De Velde & A. Vohora, 2004.
"Spinning Out New Ventures: A Typology Of Incubation Strategies From European Research Institutions,"
Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium
04/228, Ghent University, Faculty of Economics and Business Administration.
- Clarysse, Bart & Wright, Mike & Lockett, Andy & Van de Velde, Els & Vohora, Ajay, 2005. "Spinning out new ventures: a typology of incubation strategies from European research institutions," Journal of Business Venturing, Elsevier, vol. 20(2), pages 183-216, March.
- Krabel, Stefan & Mueller, Pamela, 2009. "What drives scientists to start their own company?: An empirical investigation of Max Planck Society scientists," Research Policy, Elsevier, vol. 38(6), pages 947-956, July.
- Hsu, David H., 2007. "Experienced entrepreneurial founders, organizational capital, and venture capital funding," Research Policy, Elsevier, vol. 36(5), pages 722-741, June.
- Jeannette Colyvas & Michael Crow & Annetine Gelijns & Roberto Mazzoleni & Richard R. Nelson & Nathan Rosenberg & Bhaven N. Sampat, 2002. "How Do University Inventions Get Into Practice?," Management Science, INFORMS, vol. 48(1), pages 61-72, January.
- Westhead, Paul & Wright, Mike, 1998. "Novice, portfolio, and serial founders: are they different?," Journal of Business Venturing, Elsevier, vol. 13(3), pages 173-204, May.
- Nicolaou, Nicos & Shane, Scott & Cherkas, Lynn & Spector, Tim D., 2009. "Opportunity recognition and the tendency to be an entrepreneur: A bivariate genetics perspective," Organizational Behavior and Human Decision Processes, Elsevier, vol. 110(2), pages 108-117, November.
- Philippe Mustar & Mike Wright, 2010. "Convergence or path dependency in policies to foster the creation of university spin-off firms? A comparison of France and the United Kingdom," The Journal of Technology Transfer, Springer, vol. 35(1), pages 42-65, February.
- B. Clarysse & J. Bruneel, 2006. "Nurturing and Growing Innovative Start-ups: The Role of Policy as Integrator," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/424, Ghent University, Faculty of Economics and Business Administration.
- Ajzen, Icek, 1991. "The theory of planned behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 50(2), pages 179-211, December.
- Nicos Nicolaou & Scott Shane & Lynn Cherkas & Janice Hunkin & Tim D. Spector, 2008. "Is the Tendency to Engage in Entrepreneurship Genetic?," Management Science, INFORMS, vol. 54(1), pages 167-179, January.
- Kenney, Martin & Richard Goe, W., 2004. "The role of social embeddedness in professorial entrepreneurship: a comparison of electrical engineering and computer science at UC Berkeley and Stanford," Research Policy, Elsevier, vol. 33(5), pages 691-707, July.
- Bradley, Samantha R. & Hayter, Christopher S. & Link, Albert N., 2013. "Models and Methods of University Technology Transfer," Working Papers 13-10, University of North Carolina at Greensboro, Department of Economics.
- 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.
- Miglietta, Angelo & Peirone, Dario, 2013. "Management, Strategy and Policy Suggestions for European Academic Incubators: the Creation of a Start-ups’ Ecosystem in the South West England," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201350, University of Turin.
- D’Este,Pablo & Llopis,Oscar & Yegros,Alfredo, 2013. "Conducting pro-social research: cognitive diversity, research excellence and awareness about the social impact of research," INGENIO (CSIC-UPV) Working Paper Series 201303, INGENIO (CSIC-UPV).
- 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, vol. 43(1), pages 92-106.
- Lawson, Cornelia, 2012. "Academic inventions outside the university: A result of industry sponsorship or entrepreneurial activities?," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201216, University of Turin.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.