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Heterogeneity in PhD entrepreneurship: strategic alignment of institutional, organisational, and individual factors

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  • Alessandro Muscio

    (University of Foggia)

  • Fumi Kitagawa

    (University of Birmingham)

Abstract

Much of the existing research on PhD entrepreneurship is focused on Academic Spin-Offs (ASOs) within the parent institution’s formal intellectual property (IP) structure. Cross-level analysis of a survey administered to 23,500 PhD students in Italy shows the heterogeneity of PhD students’ entrepreneurial activities, which, in addition to ASOs, include start-ups, corporate spin-offs and other types of businesses. We examine the types of drivers that matter most for different forms of PhD entrepreneurial ventures. Our findings reveal two forces at play: a technology-push model where PhD students rely on IP and support from the parent university, and a demand-led model that involves support from industry and sources of external finance. This study highlights the strategic alignment among the determinants of PhD entrepreneurship at the micro, meso and macro levels. These determinants include the individual PhD student’s choices, the interactions with different stakeholders and reconciliation of the tensions represented by the organizational and institutional resources and infrastructures.

Suggested Citation

  • Alessandro Muscio & Fumi Kitagawa, 2025. "Heterogeneity in PhD entrepreneurship: strategic alignment of institutional, organisational, and individual factors," Small Business Economics, Springer, vol. 64(2), pages 489-510, February.
    • Handle: RePEc:kap:sbusec:v:64:y:2025:i:2:d:10.1007_s11187-024-00916-0
    DOI: 10.1007/s11187-024-00916-0
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    19. Huegel, Matthias, 2024. "University scientists’ multiple goals achievement: Social capital and its impact on research performance and research commercialization," Technovation, Elsevier, vol. 135(C).
    20. 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

    Entrepreneurial university; Doctoral students; Student entrepreneurship; Spin-off; Start-up; Corporate spin-off;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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