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Do Academic Spin-Outs Differ and Does it Matter?

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  • Céline Druilhe

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  • Elizabeth Garnsey
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    Abstract

    This paper questions the widespread tendency to view academic spin-outs as an undifferentiated category and explores typologies of companies originating in universities, using a Penrosean conceptualization of entrepreneurial activity. We initially identified five main types of business activities pursued by academic entrepreneurs, which we revised after analyzing a database of Cambridge University spin-outs and real-time exemplars of emerging ventures. The refined typology takes into account the dynamic of the entrepreneurial process. As the business models of ventures evolve they may enter a different category of business activity. We conclude by discussing the academic and practical needs for a better understanding of the heterogeneity of spin-outs, the diversity of which has theoretical and policy implications.

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    File URL: http://journals.kluweronline.com/issn/0892-9912/contents
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    Bibliographic Info

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

    Volume (Year): 29 (2004)
    Issue (Month): 3_4 (08)
    Pages: 269-285

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    Handle: RePEc:kap:jtecht:v:29:y:2004:i:3_4:p:269-285

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    Web page: http://www.springerlink.com/link.asp?id=104998

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