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The role of universities in the location of innovative start-ups

Author

Listed:
  • Giorgio Calcagnini

    (Università di Urbino Carlo Bo
    Mo.Fi.R)

  • Ilario Favaretto

    (Università di Urbino Carlo Bo)

  • Germana Giombini

    () (Università di Urbino Carlo Bo
    Mo.Fi.R)

  • Francesco Perugini

    (Università di Urbino Carlo Bo)

  • Rosalba Rombaldoni

    (Università di Urbino Carlo Bo)

Abstract

Abstract Start-ups increasingly find the prospect of university–industry collaborations to be a powerful driver of innovation and entrepreneurship activity. Moreover, at the geographical level, they are attracted by teaching and research institutions, either public or private. This paper focuses on the role played by universities. Our hypothesis is that geographical proximity favors the transfer of knowledge and technology from universities to industries and, consequently, represents a positive factor for regional economic development. Results show that university spillovers are positively correlated with the creation of innovative start-ups. Furthermore, the presence of human capital (graduates) exerts a significant influence on the location decisions of start-ups, being a source for competitiveness for firms close to universities. Research quality, especially in the social sciences area, attracts innovative start-ups, while third-mission activities have a weak impact on locational choice.

Suggested Citation

  • Giorgio Calcagnini & Ilario Favaretto & Germana Giombini & Francesco Perugini & Rosalba Rombaldoni, 2016. "The role of universities in the location of innovative start-ups," The Journal of Technology Transfer, Springer, vol. 41(4), pages 670-693, August.
  • Handle: RePEc:kap:jtecht:v:41:y:2016:i:4:d:10.1007_s10961-015-9396-9
    DOI: 10.1007/s10961-015-9396-9
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    Cited by:

    1. repec:kap:jtecht:v:43:y:2018:i:3:d:10.1007_s10961-017-9627-3 is not listed on IDEAS
    2. David B. Audretsch & Erik E. Lehmann & Matthias Menter, 2016. "Public cluster policy and new venture creation," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(4), pages 357-381, December.
    3. Tommaso Agasisti & Cristian Barra & Roberto Zotti, 2017. "Research, knowledge transfer and innovation: the effect of Italian universities’ efficiency on the local economic development 2006-2012," Working papers 60, Società Italiana di Economia Pubblica.
    4. repec:wfo:wstudy:60794 is not listed on IDEAS
    5. repec:spr:jknowl:v:9:y:2018:i:2:d:10.1007_s13132-017-0501-1 is not listed on IDEAS
    6. repec:kap:jtecht:v:42:y:2017:i:3:d:10.1007_s10961-016-9508-1 is not listed on IDEAS

    More about this item

    Keywords

    Knowledge transfer; Innovative start-up; University spillovers;

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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