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Key Success Factors Positively Affecting Organizational Performance of Academic Spin-Offs

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  • Stefano Poponi

    (Department of Economics and Entrepreneurship, University of Tuscia, Viterbo, Italy)

  • Alessio Maria Braccini

    (Department of Economics and Entrepreneurship, University of Tuscia, Viterbo, Italy)

  • Alessandro Ruggieri

    (Department of Economics and Entrepreneurship, University of Tuscia, Viterbo, Italy)

Abstract

Universities create academic spin-offs (ASOs) as a strategy to market innovations produced through research. By their nature, ASOs are exposed to risky endeavors and often fail in achieving an adequate level of performance. In this paper, we focus on performance generation in ASOS. By way of a literature review, we contribute with the identification of nine factors associated with positive performance in ASOS: championed start-up, heterogeneity of founders’ skills, access to funding, environmental wealth, networking capital, relative size, trustworthiness, innovativeness and motivation for venturing. The paper describes and discusses the performance factors and suggests implications for research to further study performance in ASOS.

Suggested Citation

  • Stefano Poponi & Alessio Maria Braccini & Alessandro Ruggieri, 2017. "Key Success Factors Positively Affecting Organizational Performance of Academic Spin-Offs," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 14(05), pages 1-18, October.
    • Handle: RePEc:wsi:ijitmx:v:14:y:2017:i:05:n:s0219877017500262
    DOI: 10.1142/S0219877017500262
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