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Forget R&D – pay my coach: young innovative companies and their relations with universities

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  • Azagra-Caro, Joaquín M.

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  • Mas-Verdú, Francisco
  • Martinez-Gomez, Victor

Abstract

Young innovative companies (YICs) are attracting attention in their role of industry regenerators. However, we have little information about their relations with universities as sources of information. This paper explores university-industry interaction involving YIC in the Valencian Community, using YIC founders’ personal attributes and motivations as explanatory variables. The Valencian Community has a relatively high degree of university-industry interaction, but surprisingly little technological innovation. A survey of YICs in the region shows that, in their case, firm size does not affect the probability of contracting with universities, and that R&D intensity is not significant if we consider firm founders’ personal characteristics and motivations. YIC founders exploiting market opportunities recognized in previous business activities, and necessity entrepreneurs, are the least likely to interact with universities. We highlight the role of external advisory services to highlight the benefits of universities.

Suggested Citation

  • Azagra-Caro, Joaquín M. & Mas-Verdú, Francisco & Martinez-Gomez, Victor, 2011. "Forget R&D – pay my coach: young innovative companies and their relations with universities," INGENIO (CSIC-UPV) Working Paper Series 201107, INGENIO (CSIC-UPV).
  • Handle: RePEc:ing:wpaper:201107
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    Cited by:

    1. Alicia Mas-Tur & Domingo Ribeiro Soriano, 2014. "The level of innovation among young innovative companies: the impacts of knowledge-intensive services use, firm characteristics and the entrepreneur attributes," Service Business, Springer;Pan-Pacific Business Association, vol. 8(1), pages 51-63, March.
    2. Mas-Tur, Alicia & Simón Moya, Virginia, 2015. "Young innovative companies (YICs) and entrepreneurship policy," Journal of Business Research, Elsevier, vol. 68(7), pages 1432-1435.

    More about this item

    Keywords

    Young innovative companies; University-industry interaction; Motivations; Valencian Community;

    JEL classification:

    • 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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