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Entrepreneurial learning in academic spin-offs: a business model perspective

Author

Listed:
  • Stefan A. Sanz-Velasco
  • Rognvaldur Saemundsson

Abstract

This paper investigates how academic entrepreneurs learn to develop their start-up ventures into viable businesses, and how the environment influences this learning. Inexperienced academic entrepreneurs likely need to adjust their business conceptions before these become viable. These adjustments and the associated learning are captured in an innovative way by following the changes in business models of eight Nordic academic spin-offs in both supportive and less supportive environments. The results help entrepreneurs and policy-makers to identify which learning behaviours may lead to essential business model changes, and should clarify the complementary role of learning through experience and through external relations.

Suggested Citation

  • Stefan A. Sanz-Velasco & Rognvaldur Saemundsson, 2008. "Entrepreneurial learning in academic spin-offs: a business model perspective," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 8(1), pages 15-35.
    • Handle: RePEc:ids:ijeima:v:8:y:2008:i:1:p:15-35
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