Parallel business models and the innovativeness of research-based spin-off ventures
Research-Based Spin-Offs (RBSOs) are seen as a potential mechanism for technology transfer by commercializing academic research and thereby stimulate industrial innovation. RBSOs are heterogeneous, however, and in this paper we investigate how the use of different business models by RBSOs is related to their innovativeness. We use a sample of 82 young RBSOs from Norway to explore typologies of RBSOs developed in earlier studies. Our findings show that some types of business models are associated with higher innovativeness than others. The typology approach has portrayed RBSOs as if they pursue only one business model. In this paper we challenge this assumption by drawing on evolutionary theory and the idea that firms may follow several business models in parallel. Our empirical findings suggest that most RBSOs pursue several business models in parallel and that such firms are more innovative. This study extends the typology approach within the academic entrepreneurship literature by showing that some business models are associated with higher innovativeness than others and that firms pursuing several business models at the same time may be particularly important for the commercialization of academic research. These findings have important implications for research and practise. Copyright Springer Science+Business Media New York 2013
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Walter, Achim & Auer, Michael & Ritter, Thomas, 2006. "The impact of network capabilities and entrepreneurial orientation on university spin-off performance," Journal of Business Venturing, Elsevier, vol. 21(4), pages 541-567, July.
- Einar Rasmussen & Simon Mosey & Mike Wright, 2011. "The Evolution of Entrepreneurial Competencies: A Longitudinal Study of University Spin‐Off Venture Emergence," Journal of Management Studies, Wiley Blackwell, vol. 48, pages 1314-1345, 09.
- Grandi, Alessandro & Grimaldi, Rosa, 2003. " Exploring the Networking Characteristics of New Venture Founding Teams," Small Business Economics, Springer, vol. 21(4), pages 329-41, December.
- Céline Druilhe & Elizabeth Garnsey, 2004. "Do Academic Spin-Outs Differ and Does it Matter?," The Journal of Technology Transfer, Springer, vol. 29(3_4), pages 269-285, 08.
- Moray, Nathalie & Clarysse, Bart, 2005. "Institutional change and resource endowments to science-based entrepreneurial firms," Research Policy, Elsevier, vol. 34(7), pages 1010-1027, September.
- Massimo Colombo & Diego D’Adda & Evila Piva, 2010. "The contribution of university research to the growth of academic start-ups: an empirical analysis," The Journal of Technology Transfer, Springer, vol. 35(1), pages 113-140, February.
- Shaker A. Zahra & Els Van de Velde & B�rbara Larra�eta, 2007. "Knowledge conversion capability and the performance of corporate and university spin-offs," Industrial and Corporate Change, Oxford University Press, vol. 16(4), pages 569-608, August.
- Nelson, Richard R, 1998. "The Agenda for Growth Theory: A Different Point of View," Cambridge Journal of Economics, Oxford University Press, vol. 22(4), pages 497-520, July.
- Scott Shane & Toby Stuart, 2002. "Organizational Endowments and the Performance of University Start-ups," Management Science, INFORMS, vol. 48(1), pages 154-170, January.
- Mike Wright & Sue Birley & Simon Mosey, 2004. "Entrepreneurship and University Technology Transfer," The Journal of Technology Transfer, Springer, vol. 29(3_4), pages 235-246, 08.
- Philippe Mustar & Mike Wright, 2010. "Convergence or path dependency in policies to foster the creation of university spin-off firms? A comparison of France and the United Kingdom," The Journal of Technology Transfer, Springer, vol. 35(1), pages 42-65, February.
- Martin Meyer, 2006. "Academic Inventiveness and Entrepreneurship: On the Importance of Start-up Companies in Commercializing Academic Patents," The Journal of Technology Transfer, Springer, vol. 31(4), pages 501-510, 07.
- Mustar, Philippe & Renault, Marie & Colombo, Massimo G. & Piva, Evila & Fontes, Margarida & Lockett, Andy & Wright, Mike & Clarysse, Bart & Moray, Nathalie, 2006. "Conceptualising the heterogeneity of research-based spin-offs: A multi-dimensional taxonomy," Research Policy, Elsevier, vol. 35(2), pages 289-308, March.
- Eckhardt, Jonathan T. & Shane, Scott A., 2011. "Industry changes in technology and complementary assets and the creation of high-growth firms," Journal of Business Venturing, Elsevier, vol. 26(4), pages 412-430, July.
- Elizabeth Garnsey & Paul Heffernan, 2005. "High-technology clustering through spin-out and attraction: The Cambridge case," Regional Studies, Taylor & Francis Journals, vol. 39(8), pages 1127-1144.
- David C. Mowery & Bhaven N. Sampat, 2005. "The Bayh-Dole Act of 1980 and University--Industry Technology Transfer: A Model for Other OECD Governments?," The Journal of Technology Transfer, Springer, vol. 30(2_2), pages 115-127, 01.
- Junfu Zhang, 2009. "The performance of university spin-offs: an exploratory analysis using venture capital data," The Journal of Technology Transfer, Springer, vol. 34(3), pages 255-285, June.
- Henry Chesbrough & Richard S. Rosenbloom, 2002. "The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin-off companies," Industrial and Corporate Change, Oxford University Press, vol. 11(3), pages 529-555, June.
- Marc Gruber & Ian C. MacMillan & James D. Thompson, 2008. "Look Before You Leap: Market Opportunity Identification in Emerging Technology Firms," Management Science, INFORMS, vol. 54(9), pages 1652-1665, September.
- Ans Heirman & Bart Clarysse, 2004. "How and Why do Research-Based Start-Ups Differ at Founding? A Resource-Based Configurational Perspective," The Journal of Technology Transfer, Springer, vol. 29(3_4), pages 247-268, 08.
- Thursby, Jerry G & Jensen, Richard & Thursby, Marie C, 2001. " Objectives, Characteristics and Outcomes of University Licensing: A Survey of Major U.S. Universities," The Journal of Technology Transfer, Springer, vol. 26(1-2), pages 59-72, January.
- Riccardo Fini & Rosa Grimaldi & Maurizio Sobrero, 2009. "Factors fostering academics to start up new ventures: an assessment of Italian founders’ incentives," The Journal of Technology Transfer, Springer, vol. 34(4), pages 380-402, August.
When requesting a correction, please mention this item's handle: RePEc:kap:jtecht:v:38:y:2013:i:6:p:836-849. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.