University Spin-Off's Transfer Speed: Analyzing the Time from Leaving University to Venture
AbstractFor academic spin-offs I analyze the length of time between the founder's leaving of academia and the establishment of his firm. Technology transfer can take place even years after leaving the mother institution. A duration analysis reveals that a longer time-lag is caused by the necessity of assembling complementary skills, either by acquisition by a single founder or by searching for suitable team members. Furthermore, new ventures are established earlier if the intensity of technology transfer is high, the founders have access to university infrastructure, or received informal support by former colleagues. --
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Bibliographic InfoPaper provided by ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research in its series ZEW Discussion Papers with number 08-034.
Date of creation: 2008
Date of revision:
academic spin-offs; technology transfer; skill complementarities;
Find related papers by JEL classification:
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-07-30 (All new papers)
- NEP-EDU-2008-07-30 (Education)
- NEP-ENT-2008-07-30 (Entrepreneurship)
- NEP-INO-2008-07-30 (Innovation)
- NEP-IPR-2008-07-30 (Intellectual Property Rights)
- NEP-LAB-2008-07-30 (Labour Economics)
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