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Parallel business models and the innovativeness of research-based spin-off ventures

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  • Tommy Clausen

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  • Einar Rasmussen

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Abstract

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

Suggested Citation

  • Tommy Clausen & Einar Rasmussen, 2013. "Parallel business models and the innovativeness of research-based spin-off ventures," The Journal of Technology Transfer, Springer, vol. 38(6), pages 836-849, December.
  • Handle: RePEc:kap:jtecht:v:38:y:2013:i:6:p:836-849
    DOI: 10.1007/s10961-012-9294-3
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Bouwman, Harry & de Reuver, Mark & Nikou, Shahrokh, 2017. "The impact of Digitalization on Business Models: How IT Artefacts, Social Media, and Big Data Force Firms to Innovate Their Business Model," 14th ITS Asia-Pacific Regional Conference, Kyoto 2017: Mapping ICT into Transformation for the Next Information Society 168475, International Telecommunications Society (ITS).
    2. repec:kap:jtecht:v:43:y:2018:i:1:d:10.1007_s10961-016-9484-5 is not listed on IDEAS
    3. Benneworth,Paul & Olmos-Peñuela,Julia, 2014. "Resolving tensions of research utilization: The value of a usability-based approach," INGENIO (CSIC-UPV) Working Paper Series 201410, INGENIO (CSIC-UPV).
    4. Einar Rasmussen & Mike Wright, 2015. "How can universities facilitate academic spin-offs? An entrepreneurial competency perspective," The Journal of Technology Transfer, Springer, vol. 40(5), pages 782-799, October.

    More about this item

    Keywords

    Academic entrepreneurship; Business models; Innovativeness; Parallel-path; Technology transfer; L26; M13; O32;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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