Academic and Surrogate Entrepreneurs in University Spin-Out Companies

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Academic and Surrogate Entrepreneurs in University Spin-Out Companies

Author Info

Franklin, Stephen J
Wright, Mike
Lockett, Andy

Additional information is available for the following registered author(s):

Mike Wright

Abstract

Universities have two options when they formulate policies to develop new technology-based start-ups. One approach is to encourage faculty members to engage in this activity. Another avenue is to encourage surrogate (external) entrepreneurs to assume a leadership role. Based on a survey of technology transfer/business development officers at 57 U.K. universities, we examine perceptions regarding the advantages and disadvantages of each approach. We also analyze whether there are significant differences in these attitudes between universities that have launched many startups and those that have been less active in this arena. Our results imply that the most significant barriers to the adoption of entrepreneurial-friendly policies are cultural and informational. We also find that universities that generate the most start-ups have more favorable attitudes towards surrogate entrepreneurs. It appears that a combination of academic and surrogate entrepreneurship might be the best approach for universities that wish to develop successful technology-transfer based start-up companies. Copyright 2001 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Journal of Technology Transfer.

Volume (Year): 26 (2001)
Issue (Month): 1-2 (January)
Pages: 127-41
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Handle: RePEc:kap:jtecht:v:26:y:2001:i:1-2:p:127-41

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Phillip H. Phan & Donald S. Siegel, 2006. "The Effectiveness of University Technology Transfer: Lessons Learned from Qualitative and Quantitative Research in the U.S. and U.K," Rensselaer Working Papers in Economics 0609, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
Müller, Kathrin, 2008. "University Spin-Off?s Transfer Speed: Analyzing the Time from Leaving University to Venture," ZEW Discussion Papers 08-034, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
Donald S. Siegel & Phillip H. Phan, 2004. "Analyzing the Effectiveness of University Technology Transfer: Implications for Entrepreneurship Education," Rensselaer Working Papers in Economics 0426, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
Arianna Martinelli & Martin Meyer & Nick Tunzelmann, 2008. "Becoming an entrepreneurial university? A case study of knowledge exchange relationships and faculty attitudes in a medium-sized, research-oriented university," The Journal of Technology Transfer, Springer, vol. 33(3), pages 259-283, June. [Downloadable!] (restricted)
Réjean Landry & Nabil Amara & Malek Saïhi, 2007. "Patenting and spin-off creation by Canadian researchers in engineering and life sciences," The Journal of Technology Transfer, Springer, vol. 32(3), pages 217-249, June. [Downloadable!] (restricted)
Knockaert, M. & Clarysse, B. & Wright, M. & Lockett, A., 2008. "Agency and similarity effects and the VC's attitude towards academic spin-out investing," Vlerick Leuven Gent Management School Working Paper Series 2008-22, Vlerick Leuven Gent Management School. [Downloadable!]
Other versions:
- M. Knockaert & B. Clarysse & M. Wright & A. Lockett, 2008. "Agency and similarity effects and the VC’s attitude towards academic spin-out investing," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 08/537, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]

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