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The Role of University Spinout Companies in an Emerging Technology: The Case of Nanotechnology

Author

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  • Dirk Libaers
  • Martin Meyer
  • Aldo Geuna

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Abstract

This study examines the role of university spin-out (USO) companies in the emergence of a new technology, in our case nanotechnology. Three unique data-sets based on patents, co-publications, and firm data pertaining to the unfolding field of nanotechnology in the UK were developed. Subsequent analysis suggests that USOs play an important though not a dominant role. Furthermore, the results indicate that USOs in certain subfields of nanotechnology do not have a strong and growing proprietary technology base, raising questions about the commercial sustainability of these ventures. Overall, we observed that USOs are important contributors to technological change in specific subfields of nanotechnology, but that other actors, notably, large firms and (non-university affiliated) new technology-based firms are even more significant agents of technological change. Copyright Springer Science+Business Media, LLC 2006

Suggested Citation

  • Dirk Libaers & Martin Meyer & Aldo Geuna, 2006. "The Role of University Spinout Companies in an Emerging Technology: The Case of Nanotechnology," The Journal of Technology Transfer, Springer, vol. 31(4), pages 443-450, July.
  • Handle: RePEc:kap:jtecht:v:31:y:2006:i:4:p:443-450
    DOI: 10.1007/s10961-006-0005-9
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    Citations

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    Cited by:

    1. James Cunningham & Paul O’Reilly & Conor O’Kane & Vincent Mangematin, 2014. "The inhibiting factors that principal investigators experience in leading publicly funded research," The Journal of Technology Transfer, Springer, vol. 39(1), pages 93-110, February.
    2. So Sohn & Mooyeob Lee, 2012. "Conjoint analysis of R&D contract agreements for industry-funded university research," The Journal of Technology Transfer, Springer, vol. 37(4), pages 532-549, August.
    3. David P. Leech & John T. Scott, 2017. "Nanotechnology documentary standards," The Journal of Technology Transfer, Springer, vol. 42(1), pages 78-97, February.
    4. Pinaki Nandan Pattnaik & Satyendra C. Pandey, 2016. "Revisiting University Spinoffs: Conceptual Advancements and Theoretical Underpinnings," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 13(01), pages 1-13, February.
    5. Mario Coccia & Ugo Finardi & Diego Margon, 2010. "Research trends in nanotechnology studies across geo-economic areas," CERIS Working Paper 201005, Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY -NOW- Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY.
    6. Christopher Palmberg, 2008. "The transfer and commercialisation of nanotechnology: a comparative analysis of university and company researchers," The Journal of Technology Transfer, Springer, vol. 33(6), pages 631-652, December.
    7. James Cunningham & Paul O'Reilly & Conor O'Kane & Vincent Mangematin, 2014. "The inhibiting factors that principal investigators experience in leading publicly funded research projects," Grenoble Ecole de Management (Post-Print) hal-00756228, HAL.
    8. Can Huang & Ad Notten & Nico Rasters, 2011. "Nanoscience and technology publications and patents: a review of social science studies and search strategies," The Journal of Technology Transfer, Springer, vol. 36(2), pages 145-172, April.
    9. repec:hal:wpaper:hal-00756228 is not listed on IDEAS
    10. repec:hal:gemwpa:hal-00756228 is not listed on IDEAS
    11. Markus A. Kirchberger & Larissa Pohl, 2016. "Technology commercialization: a literature review of success factors and antecedents across different contexts," The Journal of Technology Transfer, Springer, vol. 41(5), pages 1077-1112, October.
    12. Theologou, Kostas & Michaelides, Panayotis G., 2008. "Technology Transfer in Academia : The Case of National Technical University of Athens (A Brief Sketch)," MPRA Paper 74476, University Library of Munich, Germany.
    13. repec:spr:scient:v:70:y:2007:i:3:d:10.1007_s11192-007-0312-4 is not listed on IDEAS

    More about this item

    Keywords

    University technology commercialization; Nanotechnology; University Spinout (USO); technological change; O31; O34;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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