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Fostering entrepreneurship in academic spin-offs

Author

Listed:
  • Donato Iacobucci
  • Alessandro Iacopini
  • Alessandra Micozzi
  • Simone Orsini

Abstract

Academic spin-offs are new companies that evolve out from universities as a result of the process of technology transfer from research to commercialisation of new products or services. This paper analyses the experience of Italian spin-offs, from their first introduction in 1999, with specific regard to the following aspects: the early growth, the governance structure and the entrepreneurial orientation. The empirical analysis refers to a sample of 160 spin-offs set up between 2000 and 2005. Quantitative analysis is based on annual reports after two, four and six years from set up. Quantitative data are supplemented with qualitative information collected from direct interview with owners and managers of spin-offs. The paper highlights the difficulties of most spin-offs in transforming the initial idea in a sustainable business. This is the result, among other things, of the lack of entrepreneurial orientation by the researchers promoting and managing the spin-offs.

Suggested Citation

  • Donato Iacobucci & Alessandro Iacopini & Alessandra Micozzi & Simone Orsini, 2011. "Fostering entrepreneurship in academic spin-offs," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 12(4), pages 513-533.
    • Handle: RePEc:ids:ijesbu:v:12:y:2011:i:4:p:513-533
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    Citations

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    Cited by:

    1. Donato Iacobucci & Alessandra Micozzi, 2015. "How to evaluate the impact of academic spin-offs on local development: an empirical analysis of the Italian case," The Journal of Technology Transfer, Springer, vol. 40(3), pages 434-452, June.
    2. Nicoletta Buratti & Giorgia Profumo & Luca Persico, 2021. "The impact of market orientation on university spin-off business performance," Journal of International Entrepreneurship, Springer, vol. 19(1), pages 104-129, March.
    3. Nuria Toledano & Ana Gessa & Reyes Sanchez-Herrera, 2022. "Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global Crisis," Sustainability, MDPI, vol. 14(19), pages 1-18, October.
    4. Manuel González-López & Ivano Dileo & Francesco Losurdo, 2014. "University-Industry Collaboration in the European Regional Context: the Cases of Galicia and Apulia Region," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 10(3), pages 57-88.
    5. Alessandra Micozzi & Donato Iacobucci & Irene Martelli & Andrea Piccaluga, 2021. "Engines need transmission belts: the importance of people in technology transfer offices," The Journal of Technology Transfer, Springer, vol. 46(5), pages 1551-1583, October.
    6. Pierre-Jean Benghozi & Elisa Salvador, 2014. "Are traditional industrial partnerships so strategic for research spin-off development? Some evidence from the Italian case," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 26(1-2), pages 47-79, April.
    7. John Hagedoorn & Boris Lokshin & Stéphane Malo, 2018. "Alliances and the innovation performance of corporate and public research spin-off firms," Small Business Economics, Springer, vol. 50(4), pages 763-781, April.
    8. Cyrine Ben-Hafaïedh & Alessandra Micozzi & Pierpaolo Pattitoni, 2018. "Academic spin-offs’ entrepreneurial teams and performance: a subgroups approach," The Journal of Technology Transfer, Springer, vol. 43(3), pages 714-733, June.
    9. Mauro Sciarelli & Giovanni Catello Landi & Lorenzo Turriziani & Mario Tani, 2021. "Academic entrepreneurship: founding and governance determinants in university spin-off ventures," The Journal of Technology Transfer, Springer, vol. 46(4), pages 1083-1107, August.
    10. Elisa Barbieri & Lauretta Rubini & Chiara Pollio & Alessandra Micozzi, 2018. "What are the trade-offs of academic entrepreneurship? An investigation on the Italian case," The Journal of Technology Transfer, Springer, vol. 43(1), pages 198-221, February.
    11. Francesca Zanier, 2018. "Universit?, terza missione e sviluppo economico: le spin-off accademiche italiane," PRISMA Economia - Societ? - Lavoro, FrancoAngeli Editore, vol. 2018(1-2), pages 46-68.
    12. Manuel M. Molina-López & Manuel R. Tejeiro Koller & Mercedes Rubio-Andrés & Susana González-Pérez, 2021. "Never Too Late to Learn: How Education Helps Female Entrepreneurs at Overcoming Barriers in the Digital Economy," Sustainability, MDPI, vol. 13(19), pages 1-17, October.
    13. Giuseppe Criaco & Tommaso Minola & Pablo Migliorini & Christian Serarols-Tarrés, 2014. "“To have and have not”: founders’ human capital and university start-up survival," The Journal of Technology Transfer, Springer, vol. 39(4), pages 567-593, August.
    14. Elisa Salvador & Pierre-Jean Benghozi, 2015. "Research spin-off firms: does the university involvement really matter?," Post-Print hal-02091015, HAL.
    15. Peter Jelfs & Helen Lawton Smith, 2021. "Financial performance studies of university spin-off companies (USOs) in the West Midlands," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1949-1972, December.
    16. Massimo G. Colombo & Evila Piva & Francesco Rentocchini, 2012. "The effects of incubation on academic and non-academic high-tech start-ups: evidence from Italy," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 21(5-6), pages 505-527, December.
    17. Elisa BARBIERI & Lauretta RUBINI & Alessandra MICOZZI, 2013. "Evaluating policies for innovation and university-firm relations. An investigation on the attitude of Italian academic entrepreneurs towards collaborations with firms," Economia Marche / Journal of Applied Economics, Universita' Politecnica delle Marche (I) / Fondazione Aristide Merloni (I), vol. 0(2), pages 17-45, December.

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