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Firms’ genetic characteristics and competence-enlarging strategies: A comparison between academic and non-academic high-tech start-ups

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  • Colombo, Massimo G.
  • Piva, Evila

Abstract

This paper argues that academic high-tech start-ups exhibit peculiar “genetic characteristics” that leave an enduring imprint on firm development. We formulate a series of hypotheses on the effects of such genetic characteristics on the post-entry strategies that academic high-tech start-ups adopt to enlarge their initial competence endowments. In the empirical section, we use matched-pair statistical techniques and run several regressions to test the theoretical hypotheses. Our findings contribute to the literature on the antecedents of the strategies adopted by academic high-tech start-ups. They also allow us to derive implications for academic entrepreneurs, university managers and policy makers.

Suggested Citation

  • Colombo, Massimo G. & Piva, Evila, 2012. "Firms’ genetic characteristics and competence-enlarging strategies: A comparison between academic and non-academic high-tech start-ups," Research Policy, Elsevier, vol. 41(1), pages 79-92.
  • Handle: RePEc:eee:respol:v:41:y:2012:i:1:p:79-92
    DOI: 10.1016/j.respol.2011.08.010
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    Cited by:

    1. Shinya Suzuki & Hiroyuki Okamuro, 2016. "Determinants of Academic Startups’ Orientation toward International Business Expansion," Administrative Sciences, MDPI, Open Access Journal, vol. 7(1), pages 1-20, December.
    2. Einar Rasmussen & Paul Benneworth & Magnus Gulbrandsen, 2013. "Scoping paper: Developing University Innovation Capacity: How can innovation policy effectively harness universities’ capability to promote high-growth technology businesses?," Working Papers on Innovation Studies 20131007, Centre for Technology, Innovation and Culture, University of Oslo.
    3. Villani, Elisa & Rasmussen, Einar & Grimaldi, Rosa, 2017. "How intermediary organizations facilitate university–industry technology transfer: A proximity approach," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 86-102.
    4. Hagedoorn, John & Lokshin, Boris & Malo, Stéphane, 2016. "Alliances and the innovation performance of corporate and public research spin-off firms," Research Memorandum 041, Maastricht University, Graduate School of Business and Economics (GSBE).
    5. Einar Rasmussen & Mike Wright, 2015. "How can universities facilitate academic spin-offs? An entrepreneurial competency perspective," The Journal of Technology Transfer, Springer, vol. 40(5), pages 782-799, October.
    6. Kaiser, Ulrich & Müller, Bettina, 2013. "Team heterogeneity in startups and its development over time," ZEW Discussion Papers 13-058, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    7. repec:kap:jtecht:v:43:y:2018:i:1:d:10.1007_s10961-016-9482-7 is not listed on IDEAS
    8. repec:taf:entreg:v:29:y:2017:i:1-2:p:94-115 is not listed on IDEAS
    9. Massimo Colombo & Liliana Doganova & Evila Piva & Diego D’Adda & Philippe Mustar, 2015. "Hybrid alliances and radical innovation: the performance implications of integrating exploration and exploitation," The Journal of Technology Transfer, Springer, vol. 40(4), pages 696-722, August.
    10. Noelia Franco-Leal & Danny Soetanto & Carmen Camelo-Ordaz, 2016. "Do they matter? The role of non-academics in the internationalization of academic spin-offs," Journal of International Entrepreneurship, Springer, vol. 14(3), pages 410-440, September.
    11. repec:taf:regstd:v:51:y:2017:i:4:p:629-642 is not listed on IDEAS
    12. Giuseppe Criaco & Tommaso Minola & Pablo Migliorini & Christian Serarols-Tarrés, 2014. "“To have and have not”: founders’ human capital and university start-up survival," The Journal of Technology Transfer, Springer, vol. 39(4), pages 567-593, August.
    13. Evila Piva & Cristina Rossi-Lamastra & Alfredo De Massis, 2013. "Family firms and internationalization: An exploratory study on high-tech entrepreneurial ventures," Journal of International Entrepreneurship, Springer, vol. 11(2), pages 108-129, June.
    14. repec:eee:jbrese:v:83:y:2018:i:c:p:173-185 is not listed on IDEAS
    15. Oscarina Conceição & Ana Paula Faria, 2014. "Determinants of research-based spin-offs survival," NIPE Working Papers 21/2014, NIPE - Universidade do Minho.
    16. Massimo G. Colombo & Evila Piva & Francesco Rentocchini, 2012. "The effects of incubation on academic and non-academic high-tech start-ups: evidence from Italy," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 21(5-6), pages 505-527, December.
    17. Massimo G. Colombo & Cristina Rossi-Lamastra, 2013. "The organizational design of high- tech start- ups: state of the art and directions for future research," Chapters,in: Handbook of Economic Organization, chapter 21 Edward Elgar Publishing.
    18. repec:eee:tefoso:v:120:y:2017:i:c:p:144-162 is not listed on IDEAS
    19. Elisa BARBIERI & Lauretta RUBINI & Alessandra MICOZZI, 2013. "Evaluating policies for innovation and university-firm relations. An investigation on the attitude of Italian academic entrepreneurs towards collaborations with firms," Economia Marche / Journal of Applied Economics, Universita' Politecnica delle Marche (I) / Fondazione Aristide Merloni (I), vol. 0(2), pages 17-45, December.
    20. Karami, Moein & Cumming, Douglas & Hornuf, Lars & Schweizer, Denis, 2017. "Disentangling Crowdfunding from Fraudfunding," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168120, Verein für Socialpolitik / German Economic Association.
    21. repec:kap:jtecht:v:42:y:2017:i:3:d:10.1007_s10961-016-9508-1 is not listed on IDEAS

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