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How to evaluate the impact of academic spin-offs on regional development

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Author Info

  • Donato Iacobucci

    () (Dipartimento di Ingegneria dell'Informazione, Università Politecnica delle Marche)

  • Alessandra Micozzi

    () (Dipartimento di Ingegneria dell'Informazione, Università Politecnica delle Marche)

Abstract

The 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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File URL: http://193.205.129.80/repec/cme/wpaper/cmetwp_04_2012.pdf
File Function: First version, 2012
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Bibliographic Info

Paper 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.

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Length: 20 pages
Date of creation: Aug 2012
Date of revision:
Handle: RePEc:cme:wpaper:1204

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Web page: http://www.cmet.it
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Related research

Keywords: spin-offs; technology transfer; regional innovation system;

This paper has been announced in the following NEP Reports:

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  1. Etzkowitz, Henry & Leydesdorff, Loet, 2000. "The dynamics of innovation: from National Systems and "Mode 2" to a Triple Helix of university-industry-government relations," Research Policy, Elsevier, vol. 29(2), pages 109-123, February.
  2. Wright, Mike & Clarysse, Bart & Lockett, Andy & Knockaert, Mirjam, 2008. "Mid-range universities' linkages with industry: Knowledge types and the role of intermediaries," Research Policy, Elsevier, vol. 37(8), pages 1205-1223, September.
  3. Lawton Smith, H. & Ho, K., 2006. "Measuring the performance of Oxford University, Oxford Brookes University and the government laboratories' spin-off companies," Research Policy, Elsevier, vol. 35(10), pages 1554-1568, December.
  4. 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.
  5. Chiara Franzoni & Francesco Lissoni, 2006. "Academic entrepreneurship, patents, and spin-offs: critical issues and lessons for Europe," KITeS Working Papers 180, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Sep 2006.
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