IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v10y2018i6p1974-d152076.html
   My bibliography  Save this article

An Empirical Study on Sustainable Innovation Academic Entrepreneurship Process Model

Author

Listed:
  • Xiao-Duo Qian

    (School of Economics and Business Administration, Chongqing University, Chongqing 400044, China)

  • Jing Xia

    (School of Economics and Business Administration, Chongqing University, Chongqing 400044, China)

  • Wei Liu

    (School of Economics and Business Administration, Chongqing University, Chongqing 400044, China)

  • Sang-Bing Tsai

    (Zhongshan Institute, University of Electronic Science and Technology of China, Guangzhou 528400, China
    College of Business Administration, Capital University of Economics and Business, Beijing 100070, China)

Abstract

As academic entrepreneurs, university faculty members and researchers with rich knowledge resources play an important role in the technology commercialization process, and in the creation and development of university spinoff enterprises. In this paper, we used a case study method to construct a sustainable innovative academic entrepreneurship process model from the perspective of entrepreneurial behavior. Then, we used this model to provide a deeper understanding of the activities and roles of academic entrepreneurs. This paper also expounded the process of value creation that is a result of sustainable innovative academic entrepreneurship, and compared and analyzed three types of university technology commercialization models. Our results showed that in the sustainable innovative academic entrepreneurship process model, the motivation of academic entrepreneurs leads them to play multiple roles as academic researchers, enterprise founders, and enterprise managers. In creating enterprises as the founders, and establishing and developing their enterprises, academic entrepreneurs realize the commercial value of the technology, while also incrementing their personal value. The sustainable innovative academic entrepreneurship process model provides a new path for effective transfer of technological innovations from academic research to the commercial market, creates social as well as economic value, and promotes regional economic development.

Suggested Citation

  • Xiao-Duo Qian & Jing Xia & Wei Liu & Sang-Bing Tsai, 2018. "An Empirical Study on Sustainable Innovation Academic Entrepreneurship Process Model," Sustainability, MDPI, vol. 10(6), pages 1-15, June.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:6:p:1974-:d:152076
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/10/6/1974/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/10/6/1974/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lam, Alice, 2011. "What motivates academic scientists to engage in research commercialization: ‘Gold’, ‘ribbon’ or ‘puzzle’?," Research Policy, Elsevier, vol. 40(10), pages 1354-1368.
    2. Friedman, Joseph & Silberman, Jonathan, 2003. "University Technology Transfer: Do Incentives, Management, and Location Matter?," The Journal of Technology Transfer, Springer, vol. 28(1), pages 17-30, January.
    3. Einar Rasmussen & Simon Mosey & Mike Wright, 2015. "The transformation of network ties to develop entrepreneurial competencies for university spin-offs," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 27(7-8), pages 430-457, September.
    4. Christopher Hayter, 2015. "Public or private entrepreneurship? Revisiting motivations and definitions of success among academic entrepreneurs," The Journal of Technology Transfer, Springer, vol. 40(6), pages 1003-1015, December.
    5. Hayter, Christopher S., 2016. "Constraining entrepreneurial development: A knowledge-based view of social networks among academic entrepreneurs," Research Policy, Elsevier, vol. 45(2), pages 475-490.
    6. Bradley, Samantha R. & Hayter, Christopher S. & Link, Albert N., 2013. "Models and Methods of University Technology Transfer," UNCG Economics Working Papers 13-10, University of North Carolina at Greensboro, Department of Economics.
    7. Scott Stern, 2004. "Do Scientists Pay to Be Scientists?," Management Science, INFORMS, vol. 50(6), pages 835-853, June.
    8. Colm O’Gorman & Orla Byrne & Dipti Pandya, 2008. "How scientists commercialise new knowledge via entrepreneurship," The Journal of Technology Transfer, Springer, vol. 33(1), pages 23-43, February.
    9. Maryann Feldman & Irwin Feller & Janet Bercovitz & Richard Burton, 2002. "Equity and the Technology Transfer Strategies of American Research Universities," Management Science, INFORMS, vol. 48(1), pages 105-121, January.
    10. Eva Berggren, 2011. "The entrepreneurial university's influence on commercialisation of academic research – the illustrative case of Chalmers University of Technology," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 12(4), pages 429-444.
    11. 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.
    12. Mike Wright & Bart Clarysse & Philippe Mustar & Andy Lockett, 2007. "Academic Entrepreneurship in Europe," Books, Edward Elgar Publishing, number 4041.
    13. Gulbrandsen, Magnus & Smeby, Jens-Christian, 2005. "Industry funding and university professors' research performance," Research Policy, Elsevier, vol. 34(6), pages 932-950, August.
    14. Michael Fritsch & Stefan Krabel, 2012. "Ready to leave the ivory tower?: Academic scientists’ appeal to work in the private sector," The Journal of Technology Transfer, Springer, vol. 37(3), pages 271-296, June.
    15. 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.
    16. Dietz, James S. & Bozeman, Barry, 2005. "Academic careers, patents, and productivity: industry experience as scientific and technical human capital," Research Policy, Elsevier, vol. 34(3), pages 349-367, April.
    17. Albert N. Link & Donald S. Siegel & Barry Bozeman, 2007. "An empirical analysis of the propensity of academics to engage in informal university technology transfer ," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 16(4), pages 641-655, August.
    18. Jain, Sanjay & George, Gerard & Maltarich, Mark, 2009. "Academics or entrepreneurs? Investigating role identity modification of university scientists involved in commercialization activity," Research Policy, Elsevier, vol. 38(6), pages 922-935, July.
    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


    Cited by:

    1. Francisco I. Vega-Gomez & Francisco J. Miranda-Gonzalez, 2021. "Choosing between Formal and Informal Technology Transfer Channels: Determining Factors among Spanish Academicians," Sustainability, MDPI, vol. 13(5), pages 1-17, February.
    2. Maribel Guerrero & David Urbano, 2019. "Effectiveness of technology transfer policies and legislation in fostering entrepreneurial innovations across continents: an overview," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1347-1366, October.
    3. Antonio Padilla-Meléndez & Ana Rosa Del Aguila-Obra & Nigel Lockett & Elena Fuster, 2020. "Entrepreneurial Universities and Sustainable Development. The Network Bricolage Process of Academic Entrepreneurs," Sustainability, MDPI, vol. 12(4), pages 1-17, February.
    4. Sandeep Singhai & Ritika Singh & Harish Kumar Sardana & Anuradha Madhukar, 2021. "Analysis of Factors Influencing Technology Transfer: A Structural Equation Modeling Based Approach," Sustainability, MDPI, vol. 13(10), pages 1-15, May.
    5. Ozen, Cagla & Owaishiz, Abdalilah & Dabic, Marina & Daim, Tugrul, 2023. "Exploring entrepreneurship in the academic environment," Technology in Society, Elsevier, vol. 72(C).
    6. Insu Cho & Young Hoon Kwak & Jaehyeon Jun, 2019. "Sustainable Idea Development Mechanism in University Technology Commercialization (UTC): Perspectives from Dynamic Capabilities Framework," Sustainability, MDPI, vol. 11(21), pages 1-16, November.
    7. Kevin Reuther & Yngve Dahle & Carolin Schmidt & Franziska Schösser, 2023. "Motivational Facets of Sustainable Entrepreneurship: A Systematic Review and Future Research Agenda," Sustainability, MDPI, vol. 15(3), pages 1-23, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Christopher S. Hayter & Andrew J. Nelson & Stephanie Zayed & Alan C. O’Connor, 2018. "Conceptualizing academic entrepreneurship ecosystems: a review, analysis and extension of the literature," The Journal of Technology Transfer, Springer, vol. 43(4), pages 1039-1082, August.
    2. Christopher S. Hayter, 2016. "A trajectory of early-stage spinoff success: the role of knowledge intermediaries within an entrepreneurial university ecosystem," Small Business Economics, Springer, vol. 47(3), pages 633-656, October.
    3. Würmseher, Martin, 2017. "To each his own: Matching different entrepreneurial models to the academic scientist's individual needs," Technovation, Elsevier, vol. 59(C), pages 1-17.
    4. Samantha Bradley & Christopher Hayter & Albert Link, 2013. "Proof of Concept Centers in the United States: an exploratory look," The Journal of Technology Transfer, Springer, vol. 38(4), pages 349-381, August.
    5. Christopher S. Hayter & Roman Lubynsky & Spiro Maroulis, 2017. "Who is the academic entrepreneur? The role of graduate students in the development of university spinoffs," The Journal of Technology Transfer, Springer, vol. 42(6), pages 1237-1254, December.
    6. Stefan Marc Hossinger & Xiangyu Chen & Arndt Werner, 2020. "Drivers, barriers and success factors of academic spin-offs: a systematic literature review," Management Review Quarterly, Springer, vol. 70(1), pages 97-134, February.
    7. Meng, Donghui & Li, Xianjun & Rong, Ke, 2019. "Industry-to-university knowledge transfer in ecosystem-based academic entrepreneurship: Case study of automotive dynamics & control group in Tsinghua University," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 249-262.
    8. Stefan Hossinger & Jörn Block & Xiangyu Chen & Arndt Werner, 2023. "Venture creation patterns in academic entrepreneurship: the role of founder motivations," The Journal of Technology Transfer, Springer, vol. 48(1), pages 68-125, February.
    9. Hayter, Christopher S., 2016. "Constraining entrepreneurial development: A knowledge-based view of social networks among academic entrepreneurs," Research Policy, Elsevier, vol. 45(2), pages 475-490.
    10. Gümüsay, Ali Aslan & Bohné, Thomas Marc, 2018. "Individual and organizational inhibitors to the development of entrepreneurial competencies in universities," Research Policy, Elsevier, vol. 47(2), pages 363-378.
    11. Christopher S. Hayter, 2015. "Social Networks and the Success of University Spin-offs," Economic Development Quarterly, , vol. 29(1), pages 3-13, February.
    12. Christopher S. Hayter & Bruno Fischer & Einar Rasmussen, 2022. "Becoming an academic entrepreneur: how scientists develop an entrepreneurial identity," Small Business Economics, Springer, vol. 59(4), pages 1469-1487, December.
    13. Christopher Hayter, 2013. "Conceptualizing knowledge-based entrepreneurship networks: perspectives from the literature," Small Business Economics, Springer, vol. 41(4), pages 899-911, December.
    14. Francisco-Isidoro Vega-Gomez & F. Javier Miranda & Antonio Chamorro Mera & Jesús Pérez Mayo, 2018. "The Spin-Off as an Instrument of Sustainable Development: Incentives for Creating an Academic USO," Sustainability, MDPI, vol. 10(11), pages 1-15, November.
    15. Annelore Huyghe & Mirjam Knockaert & Evila Piva & Mike Wright, 2016. "Are researchers deliberately bypassing the technology transfer office? An analysis of TTO awareness," Small Business Economics, Springer, vol. 47(3), pages 589-607, October.
    16. Christian Sandström & Karl Wennberg & Martin W. Wallin & Yulia Zherlygina, 2018. "Public policy for academic entrepreneurship initiatives: a review and critical discussion," The Journal of Technology Transfer, Springer, vol. 43(5), pages 1232-1256, October.
    17. Kenney, Martin & Patton, Donald, 2011. "Does inventor ownership encourage university research-derived entrepreneurship? A six university comparison," Research Policy, Elsevier, vol. 40(8), pages 1100-1112, October.
    18. Tijssen, Robert J.W., 2018. "Anatomy of use-inspired researchers: From Pasteur’s Quadrant to Pasteur’s Cube model," Research Policy, Elsevier, vol. 47(9), pages 1626-1638.
    19. Freel, Mark & Persaud, Ajax & Chamberlin, Tyler, 2019. "Faculty ideals and universities' third mission," Technological Forecasting and Social Change, Elsevier, vol. 147(C), pages 10-21.
    20. Belitski, Maksim & Aginskaja, Anna & Marozau, Radzivon, 2019. "Commercializing university research in transition economies: Technology transfer offices or direct industrial funding?," Research Policy, Elsevier, vol. 48(3), pages 601-615.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:10:y:2018:i:6:p:1974-:d:152076. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.