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The effects of public policies in fostering university spinoffs in Italy

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  • Michele Meoli
  • Eleonora Pierucci
  • Silvio Vismara

Abstract

Performance-based research funding systems in the European Union include a number of established spinoffs among the measures of universities’ third mission. Through a longitudinal study on the establishment of 1254 spinoffs during 1999–2015 from 85 Italian state universities, we find that the introduction of such a policy increased the number of academic spinoffs. However, the rate of creation of academic spinoffs increased in regions with higher skilled unemployment and in universities with fewer academic career opportunities, rather than in more research-oriented or more prestigious universities. These results cast doubt on the appropriateness of measures based on the sheer number of academic spinoffs in evaluating the third mission of universities.

Suggested Citation

  • Michele Meoli & Eleonora Pierucci & Silvio Vismara, 2018. "The effects of public policies in fostering university spinoffs in Italy," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 27(5-6), pages 479-492, August.
    • Handle: RePEc:taf:ecinnt:v:27:y:2018:i:5-6:p:479-492
    DOI: 10.1080/10438599.2017.1374048
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    Cited by:

    1. Alice Civera & Michele Meoli, 2023. "Empowering female entrepreneurs through university affiliation: evidence from Italian academic spinoffs," Small Business Economics, Springer, vol. 61(3), pages 1337-1355, October.
    2. Giulio Marini, 2021. "The employment destination of PhD-holders in Italy: non-academic funded projects as drivers of successful segmentation," DoQSS Working Papers 21-16, Quantitative Social Science - UCL Social Research Institute, University College London.
    3. Alice Civera & Michele Meoli & Silvio Vismara, 2019. "Do academic spinoffs internationalize?," The Journal of Technology Transfer, Springer, vol. 44(2), pages 381-403, April.
    4. Daniel Nepelski & Vincent Roy, 2021. "Innovation and innovator assessment in R&I ecosystems: the case of the EU Framework Programme," The Journal of Technology Transfer, Springer, vol. 46(3), pages 792-827, June.
    5. Lauretta Rubini & Chiara Pollio & Giuseppe Lucio Gaeta & Elisa Barbieri, 2021. "Heterogeneous effects of spinoff foundations on the means of technology transfer: the role of past academic-industry collaborations," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(1), pages 261-292, April.
    6. Petra Moog & Christian Soost, 2022. "Does team diversity really matter? The connection between networks, access to financial resources, and performance in the context of university spin-offs," Small Business Economics, Springer, vol. 58(1), pages 323-351, January.
    7. Compagnucci, Lorenzo & Spigarelli, Francesca, 2020. "The Third Mission of the university: A systematic literature review on potentials and constraints," Technological Forecasting and Social Change, Elsevier, vol. 161(C).

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