Advanced Search
MyIDEAS: Login to save this article or follow this journal

The influence of university departments on the evolution of entrepreneurial competencies in spin-off ventures

Contents:

Author Info

  • Rasmussen, Einar
  • Mosey, Simon
  • Wright, Mike
Registered author(s):

    Abstract

    The influence of the university department upon spin-off venture evolution is complex and dynamic. We examine how the university department context influences the spin-off process from the perspectives of both the spin-off venture and the department. By comparing the development of entrepreneurial competencies within spin-offs based in different departments at the same universities we observed significant differences in early venture performance. Small differences in initial departmental support from management and senior academics for gaining commercial experience and spending time exploring the commercial opportunity were seen to have a major impact upon the subsequent spin-off development path. Supported ventures gained momentum as the department helped develop entrepreneurial competencies and influenced how these competencies were developed from external actors outside the department. By contrast, a lack of departmental support for entrepreneurship severely constrained the evolution of spin-offs regardless of university level policies and practices. This emphasizes the need for a shift in focus from the well-studied university level to the relatively neglected department level to help explain institutional differences in university spin-off activity.

    Download Info

    If 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.
    File URL: http://www.sciencedirect.com/science/article/pii/S004873331300111X
    Download Restriction: Full text for ScienceDirect subscribers only

    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 Info

    Article provided by Elsevier in its journal Research Policy.

    Volume (Year): 43 (2014)
    Issue (Month): 1 ()
    Pages: 92-106

    as in new window
    Handle: RePEc:eee:respol:v:43:y:2014:i:1:p:92-106

    Contact details of provider:
    Web page: http://www.elsevier.com/locate/respol

    Related research

    Keywords: Academic entrepreneurship; Entrepreneurial competencies; New venture evolution; University department; University spin-off;

    References

    References listed on IDEAS
    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.:
    as in new window
    1. 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.
    2. Ensley, Michael D. & Hmieleski, Keith M., 2005. "A comparative study of new venture top management team composition, dynamics and performance between university-based and independent start-ups," Research Policy, Elsevier, vol. 34(7), pages 1091-1105, September.
    3. Constance E. Helfat & Marvin B. Lieberman, 2002. "The birth of capabilities: market entry and the importance of pre-history," Industrial and Corporate Change, Oxford University Press, vol. 11(4), pages 725-760, August.
    4. Moray, Nathalie & Clarysse, Bart, 2005. "Institutional change and resource endowments to science-based entrepreneurial firms," Research Policy, Elsevier, vol. 34(7), pages 1010-1027, September.
    5. S. Klepper & S. Sleeper, 2002. "Entry by Spinoffs," Papers on Economics and Evolution 2002-07, Philipps University Marburg, Department of Geography.
    6. Marc Gruber & Ian C. MacMillan & James D. Thompson, 2008. "Look Before You Leap: Market Opportunity Identification in Emerging Technology Firms," Management Science, INFORMS, vol. 54(9), pages 1652-1665, September.
    7. Simcha Jong, 2006. "How organizational structures in science shape spin-off firms: the biochemistry departments of Berkeley, Stanford, and UCSF and the birth of the biotech industry," Industrial and Corporate Change, Oxford University Press, vol. 15(2), pages 251-283, April.
    8. 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.
    9. Gupta, Samir & Cadeaux, Jack & Dubelaar, Chris, 2006. "Uncovering multiple champion roles in implementing new-technology ventures," Journal of Business Research, Elsevier, vol. 59(5), pages 549-563, May.
    10. Nicolaou, Nicos & Birley, Sue, 2003. "Academic networks in a trichotomous categorisation of university spinouts," Journal of Business Venturing, Elsevier, vol. 18(3), pages 333-359, May.
    11. Einar Rasmussen & Simon Mosey & Mike Wright, 2011. "The Evolution of Entrepreneurial Competencies: A Longitudinal Study of University Spin‐Off Venture Emergence," Journal of Management Studies, Wiley Blackwell, vol. 48, pages 1314-1345, 09.
    12. Man, Thomas W. Y. & Lau, Theresa & Chan, K. F., 2002. "The competitiveness of small and medium enterprises: A conceptualization with focus on entrepreneurial competencies," Journal of Business Venturing, Elsevier, vol. 17(2), pages 123-142, March.
    13. Mike Wright & Evila Piva & Simon Mosey & Andy Lockett, 2009. "Academic entrepreneurship and business schools," The Journal of Technology Transfer, Springer, vol. 34(6), pages 560-587, December.
    14. Scott Shane & Toby Stuart, 2002. "Organizational Endowments and the Performance of University Start-ups," Management Science, INFORMS, vol. 48(1), pages 154-170, January.
    15. Grimaldi, Rosa & Kenney, Martin & Siegel, Donald S. & Wright, Mike, 2011. "30 years after Bayh-Dole: Reassessing academic entrepreneurship," Research Policy, Elsevier, vol. 40(8), pages 1045-1057, October.
    16. Haeussler, Carolin & Colyvas, Jeannette A., 2011. "Breaking the Ivory Tower: Academic Entrepreneurship in the Life Sciences in UK and Germany," Research Policy, Elsevier, vol. 40(1), pages 41-54, February.
    17. Boardman, P. Craig & Corley, Elizabeth A., 2008. "University research centers and the composition of research collaborations," Research Policy, Elsevier, vol. 37(5), pages 900-913, June.
    18. Murray, Fiona, 2004. "The role of academic inventors in entrepreneurial firms: sharing the laboratory life," Research Policy, Elsevier, vol. 33(4), pages 643-659, May.
    19. Van Looy, Bart & Landoni, Paolo & Callaert, Julie & van Pottelsberghe, Bruno & Sapsalis, Eleftherios & Debackere, Koenraad, 2011. "Entrepreneurial effectiveness of European universities: An empirical assessment of antecedents and trade-offs," Research Policy, Elsevier, vol. 40(4), pages 553-564, May.
    20. 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.
    21. Shaker A. Zahra & Els Van de Velde & B�rbara Larra�eta, 2007. "Knowledge conversion capability and the performance of corporate and university spin-offs," Industrial and Corporate Change, Oxford University Press, vol. 16(4), pages 569-608, August.
    22. Rasmussen, Einar & Borch, Odd Jarl, 2010. "University capabilities in facilitating entrepreneurship: A longitudinal study of spin-off ventures at mid-range universities," Research Policy, Elsevier, vol. 39(5), pages 602-612, June.
    23. Jong, Simcha, 2008. "Academic organizations and new industrial fields: Berkeley and Stanford after the rise of biotechnology," Research Policy, Elsevier, vol. 37(8), pages 1267-1282, September.
    24. Henry Chesbrough & Richard S. Rosenbloom, 2002. "The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin-off companies," Industrial and Corporate Change, Oxford University Press, vol. 11(3), pages 529-555, June.
    25. Bruyat, Chirstian & Julien, Pierre-Andre, 2001. "Defining the field of research in entrepreneurship," Journal of Business Venturing, Elsevier, vol. 16(2), pages 165-180, March.
    26. Henderson, Rebecca. & Cockburn, Iain., 1994. "Measuring competence? : exploring firm effects in pharmaceutical research," Working papers 3712-94., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    27. Clarysse, Bart & Tartari, Valentina & Salter, Ammon, 2011. "The impact of entrepreneurial capacity, experience and organizational support on academic entrepreneurship," Research Policy, Elsevier, vol. 40(8), pages 1084-1093, October.
    28. Tina C. Ambos & Kristiina Mäkelä & Julian Birkinshaw & Pablo D'Este, 2008. "When Does University Research Get Commercialized? Creating Ambidexterity in Research Institutions," Journal of Management Studies, Wiley Blackwell, vol. 45(8), pages 1424-1447, December.
    29. Chandler, Gaylen N. & Jansen, Erik, 1992. "The founder's self-assessed competence and venture performance," Journal of Business Venturing, Elsevier, vol. 7(3), pages 223-236, May.
    30. Clarysse, Bart & Moray, Nathalie, 2004. "A process study of entrepreneurial team formation: the case of a research-based spin-off," Journal of Business Venturing, Elsevier, vol. 19(1), pages 55-79, January.
    31. Robert E. Carpenter & Bruce C. Petersen, 2002. "Capital Market Imperfections, High-Tech Investment, and New Equity Financing," Economic Journal, Royal Economic Society, vol. 112(477), pages F54-F72, February.
    32. Perkmann, Markus & Tartari, Valentina & McKelvey, Maureen & Autio, Erkko & Broström, Anders & D’Este, Pablo & Fini, Riccardo & Geuna, Aldo & Grimaldi, Rosa & Hughes, Alan & Krabel, Stefan & Kitson,, 2013. "Academic engagement and commercialisation: A review of the literature on university–industry relations," Research Policy, Elsevier, vol. 42(2), pages 423-442.
    33. Vohora, Ajay & Wright, Mike & Lockett, Andy, 2004. "Critical junctures in the development of university high-tech spinout companies," Research Policy, Elsevier, vol. 33(1), pages 147-175, January.
    34. Colyvas, Jeannette A., 2007. "From divergent meanings to common practices: The early institutionalization of technology transfer in the life sciences at Stanford University," Research Policy, Elsevier, vol. 36(4), pages 456-476, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Jörg Bühnemann & Bernd Neutschel, 2014. "Universitäre Transferstruktur im Wandel - OvGU als regionaler Impulsgeber," FEMM Working Papers 140001, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:eee:respol:v:43:y:2014:i:1:p:92-106. See general information about how to correct material in RePEc.

    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.