The influence of government subsidies and risk capital on survival of university spin-offs: findings from 16 early stage case studies
AbstractScholar research seems to confirm that the type of funding of a university spin-off venture influences these survival chances. This study aims to investigate whether the basic type of funding used for young university spin-offs influences the survival chances. The reasoning is that screening by a previously independent party such as government agencies, business angels or venture capitalists provides additional evidence on the potential of a project or venture. The preliminary results, based on 16 case studies with Belgian university spin-offs, seem to confirm that successful application for government subsidies for the development of a technology, product or business increases the likelihood of venture survival. On the other hand, access to risk capital seems not to positively influence survival chances.
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Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal World Review of Entrepreneurship, Management and Sustainable Development.
Volume (Year): 5 (2009)
Issue (Month): 4 ()
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Web page: http://www.inderscience.com/browse/index.php?journalID=173
university spin-offs; academic entrepreneurship; government support; government subsidies; business angels; venture capital; funding; finance; company survival; case studies; innovation management; risk capital.;
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