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Academic spinoffs and regional development: New insights for future research


  • Mario Benassi

    (Universidad Autónoma de Madrid (UAM))

  • Francesco Rentocchini

    (Sinnergiak - Social Innovation Universidad del País Vasco (UPV/EHU))


Although the literature on University-Industry knowledge transfer has rapidly expanded in the past decades, the contribution of higher education institutions to regional development has gone under the radar, with even less attention paid to the relationship between academic spinoffs and regional development. We argue that it is time to take stock of the current knowledge on the topic and to provide directions for future research which can guide policy making decisions. To accomplish this, we speculate on how academic spinoffs can contribute to regional economic development and survey the existing evidence on this relationship. More importantly, we highlight two major research streams which can contribute to this area of study: (i) the empirical economics of management and (ii) hybrid organisations. We contend that a better understanding of these two lines of research can prove useful in guiding future research on the contribution of higher education institutions to regional development. We conclude by indicating some of the research directions.

Suggested Citation

  • Mario Benassi & Francesco Rentocchini, 2017. "Academic spinoffs and regional development: New insights for future research," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 92(02), pages 190-221.
  • Handle: RePEc:ekz:ekonoz:2017208

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    References listed on IDEAS

    1. Donato Iacobucci & Alessandra Micozzi, 2015. "How to evaluate the impact of academic spin-offs on local development: an empirical analysis of the Italian case," The Journal of Technology Transfer, Springer, vol. 40(3), pages 434-452, June.
    2. Donato Iacobucci & Alessandra Micozzi, 2012. "How to evaluate the impact of academic spin-offs on regional development," Working Papers 1204, c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione.
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    More about this item


    academic entrepreneurship; desarrollo regional; emprendizaje universitario; hybrid organisations; management practices; organizaciones híbridas; prácticas de gestión; regional development;

    JEL classification:

    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy


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