How to evaluate the impact of academic spin-offs on regional development
AbstractThe paper proposes a framework to evaluate the impact of academic spin-offs at regional level and applies it to the context of the Marche region (Italy). Spin-off creation is the most complex way of commercializing academic research, compared to licensing and R&D collaborations, but with the highest potential impact on the regional context. The empirical analysis shows that when measured in quantitative terms the impact of spin-offs on local economies is rather low; however, there are qualitative direct and indirect effects that must be taken into consideration. By focusing on providing R&D services, spin-offs play an important role in promoting the up-grading of the regional industrial system, which is mainly based on small and medium-sized firms in low and medium-tech sectors. Though not very successful in terms of growth and job creation in the short run, spin-offs provide an entrepreneurial experience for a high number of young researchers. We can expect that in the longer terms these people can play an important role within the local system in the start-up of new companies or as agents of innovation for established firms.
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Bibliographic InfoPaper provided by c.MET-05 - Centro interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione in its series Working Papers with number 1204.
Length: 20 pages
Date of creation: Aug 2012
Date of revision:
spin-offs; technology transfer; regional innovation system;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-03 (All new papers)
- NEP-CSE-2012-09-03 (Economics of Strategic Management)
- NEP-ENT-2012-09-03 (Entrepreneurship)
- NEP-GEO-2012-09-03 (Economic Geography)
- NEP-INO-2012-09-03 (Innovation)
- NEP-KNM-2012-09-03 (Knowledge Management & Knowledge Economy)
- NEP-PPM-2012-09-03 (Project, Program & Portfolio Management)
- NEP-SBM-2012-09-03 (Small Business Management)
- NEP-URE-2012-09-03 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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