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University spin-off managers and the 'ideal' funding process

Author

Listed:
  • Olli-Matti Nevalainen
  • Päivi Eriksson
  • Tero Montonen

Abstract

This article explores the university spin-off financing process through the experiences of the managers who act as surrogate entrepreneurs in these companies. Based on narrative interviews, managers' experiences of the financing process were analysed through a meta-micro-narrative approach. The findings highlight how managers' micro-narratives, based on local understandings of the values, roles and contributions of investors during different funding cycles, construct alternatives to the 'ideal' funding process represented by the meta-narrative. The findings contribute to the discussion of entrepreneurial and spin-off finance by illuminating the entrepreneurs' perspective.

Suggested Citation

  • Olli-Matti Nevalainen & Päivi Eriksson & Tero Montonen, 2020. "University spin-off managers and the 'ideal' funding process," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 24(4/5), pages 295-307.
    • Handle: RePEc:ids:ijeima:v:24:y:2020:i:4/5:p:295-307
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