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Support for public research spin-offs by the parent organizations and the speed of commercialization

Listed author(s):
  • Viktor Slavtchev

    ()

    (Institute for Economic Research Halle (IWH))

  • Devrim Göktepe-Hultén

    ()

    (Lund University)

Abstract We empirically analyze whether support by the parent organization in the early (nascent and seed) stage speeds up the process of commercialization and helps spin-offs from public research organizations generate first revenues sooner. To identify the impact of support by the parent organization, we apply multivariate regression techniques as well as an instrumental variable approach. Our results show that support in the early stage by the parent organization can speed up commercialization. Moreover, we identify two distinct channels—the help in developing a business plan and in acquiring external capital—through which support by the parent organization can enable spin-offs to generate first revenues sooner.

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File URL: http://link.springer.com/10.1007/s10961-015-9443-6
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Article provided by Springer in its journal The Journal of Technology Transfer.

Volume (Year): 41 (2016)
Issue (Month): 6 (December)
Pages: 1507-1525

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Handle: RePEc:kap:jtecht:v:41:y:2016:i:6:d:10.1007_s10961-015-9443-6
DOI: 10.1007/s10961-015-9443-6
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Order Information: Web: http://www.springer.com/business+%26+management/journal/10961/PS2

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