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Endowing university spin-offs pre-formation: Entrepreneurial capabilities for scientist-entrepreneurs

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  • Thomas, V.J.
  • Bliemel, Martin
  • Shippam, Cynthia
  • Maine, Elicia

Abstract

University spin-offs are important mechanisms for creating and capturing value from scientific inventions. Academic scientists are uniquely positioned to shape such opportunities long before the university spin-off is founded. To better understand how science-based university spin-offs can be endowed for success, the pre-formation stage of 30 ventures co-founded over a 40 year period by a star-scientist-entrepreneur is analysed by matching his 363 co-invented US patents granted to 1476 co-authored publications and these 30 ventures. Employing the extended case method, including the analysis of extensive archival data, iterative interviews, and this unique, longitudinal, multi-level dataset, existing dynamic capabilities theory is confronted and extended with evidence as to how a star-scientist-entrepreneur senses and shapes and seizes opportunities to endow university spin-offs pre-formation. A process model is developed depicting four pre-formation entrepreneurial capabilities with which these science-based university spin-offs are endowed for success. Recommendations are made for scientist-entrepreneurs, investors, university leadership, and for innovation policymakers.

Suggested Citation

  • Thomas, V.J. & Bliemel, Martin & Shippam, Cynthia & Maine, Elicia, 2020. "Endowing university spin-offs pre-formation: Entrepreneurial capabilities for scientist-entrepreneurs," Technovation, Elsevier, vol. 96.
    • Handle: RePEc:eee:techno:v:96-97:y:2020:i::s0166497218307302
    DOI: 10.1016/j.technovation.2020.102153
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    7. Aydemir, Nisa Yazici & Huang, Wan-Ling & Welch, Eric W., 2022. "Late-stage academic entrepreneurship: Explaining why academic scientists collaborate with industry to commercialize their patents," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    8. FUKUGAWA Nobuya, 2022. "Effects of the Quality of Science and Innovation on Venture Finance: Evidence from University Spinoffs in Japan," Discussion papers 22006, Research Institute of Economy, Trade and Industry (RIETI).
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    More about this item

    Keywords

    Academic entrepreneurship; Entrepreneurial capabilities; Scientist-entrepreneur; Innovation policy; Dynamic capabilities; University spin-offs; Science commercialization; Extended case method;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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