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Fostering Academic Entrepreneurship: New Insights into Incubation from an Evolutionary Perspective

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  • Marina Geenhuizen van

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    Abstract

    This paper explores obstacles in the growth of academic start-ups and potential policies to overcome these obstacles. To this purpose the focus is on start-ups from Delft University of Technology in the Netherlands as an example. First, by adopting an evolutionary perspective, including notions from resource based theory, obstacles to growth are identified and explored. Second, an explanatory framework of growth is developed and tested using multivariate analysis. The main explanatory variables are lack of marketing knowledge, dealing with uncertainty, use of supporting measures and size of the starting team. Third, these results and structural changes in knowledge production and use serve as an input for the design of a number of policy options from the perspective of co-evolution.

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    File URL: http://www-sre.wu-wien.ac.at/ersa/ersaconfs/ersa03/cdrom/papers/362.pdf
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    Bibliographic Info

    Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa03p362.

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    Date of creation: Aug 2003
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    Handle: RePEc:wiw:wiwrsa:ersa03p362

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    1. Acs, Zoltan J & Audretsch, David B & Feldman, Maryann P, 1992. "Real Effects of Academic Research: Comment," American Economic Review, American Economic Association, American Economic Association, vol. 82(1), pages 363-67, March.
    2. Anselin, Luc & Varga, Attila & Acs, Zoltan, 1997. "Local Geographic Spillovers between University Research and High Technology Innovations," Journal of Urban Economics, Elsevier, vol. 42(3), pages 422-448, November.
    3. Siegel, Donald S & Westhead, Paul & Wright, Mike, 2003. " Science Parks and the Performance of New Technology-Based Firms: A Review of Recent U.K. Evidence and an Agenda for Future Research," Small Business Economics, Springer, Springer, vol. 20(2), pages 177-84, March.
    4. van den Daele, Wolfgang & Krohn, Wolfgang, 1998. "Experimental implementation as a linking mechanism in the process of innovation," Research Policy, Elsevier, Elsevier, vol. 27(8), pages 853-868, December.
    5. Dosi, Giovanni & Nelson, Richard R, 1994. "An Introduction to Evolutionary Theories in Economics," Journal of Evolutionary Economics, Springer, Springer, vol. 4(3), pages 153-72, September.
    6. Jacqueline Snijders & Joris Meijaard & Elisabeth Garnsey & Sander Baljé & Pieter Waasdorp, 2001. "Entrepreneurship in the Netherlands; New economy: new entrepreneurs!," Scales Research Reports, EIM Business and Policy Research A200014, EIM Business and Policy Research.
    7. Di Gregorio, Dante & Shane, Scott, 2003. "Why do some universities generate more start-ups than others?," Research Policy, Elsevier, Elsevier, vol. 32(2), pages 209-227, February.
    8. Cimoli, Mario & Dosi, Giovanni, 1995. "Technological Paradigms, Patterns of Learning and Development: An Introductory Roadmap," Journal of Evolutionary Economics, Springer, Springer, vol. 5(3), pages 243-68, September.
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