How does Tacit Knowledge Transfer Influence Innovation Speed? The Case of Science Based Entrepreneurial Firms
AbstractThe increased pressure put on public research institutes to commercialize their research results has given rise to an increased academic interest in technology transfer in general and science based entrepreneurial firms specifically. By building on innovation speed and knowledge literatures, this paper aims to improve understanding of how tacit knowledge can be effectively transferred from the research institute to the science based entrepreneurial firm. More specifically, we assess under which conditions tacit knowledge contributes to the generation of innovation speed, which is a crucial success parameter for technology based ventures. Using an inductive case study approach, we show that tacit knowledge can only be transferred effectively when a substantial part of the original research team joins the new venture as founders. Our analysis also reveals that the mere transfer of tacit knowledge is insufficient to ensure the successful commercialization of technology. Commercial expertise is also required on the condition that the cognitive distance between the scientific researchers and the person responsible for market interaction is not too large. Our findings have implications for science based entrepreneurs, technology transfer officers, venture capitalists, policy makers and the academic community.
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Bibliographic InfoPaper provided by Ghent University, Faculty of Economics and Business Administration in its series Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium with number 09/554.
Length: 38 pages
Date of creation: Jan 2009
Date of revision:
science based entrepreneurial firms; tacit knowledge; technology transfer; innovation speed; cognitive distance;
Other versions of this item:
- Knockaert, M. & Ucbasaran, D. & Wright, M. & Clarysse, B., 2009. "How does tacit knowledge transfer influence innovation speed? The case of science based entrepreneurial firms," Vlerick Leuven Gent Management School Working Paper Series 2009-07, Vlerick Leuven Gent Management School.
- NEP-ALL-2009-04-05 (All new papers)
- NEP-CBE-2009-04-05 (Cognitive & Behavioural Economics)
- NEP-CSE-2009-04-05 (Economics of Strategic Management)
- NEP-ENT-2009-04-05 (Entrepreneurship)
- NEP-INO-2009-04-05 (Innovation)
- NEP-KNM-2009-04-05 (Knowledge Management & Knowledge Economy)
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