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- Title
Do Academic Spin-Outs Differ and Does it Matter?
- Authors
Druilhe, Céline; Garnsey, Elizabeth
- Abstract
This paper questions the widespread tendency to view academic spin-outs as an undifferentiated category and explores typologies of companies originating in universities, using a Penrosean conceptualization of entrepreneurial activity. We initially identified five main types of business activities pursued by academic entrepreneurs, which we revised after analyzing a database of Cambridge University spin-outs and real-time exemplars of emerging ventures. The refined typology takes into account the dynamic of the entrepreneurial process. As the business models of ventures evolve they may enter a different category of business activity. We conclude by discussing the academic and practical needs for a better understanding of the heterogeneity of spin-outs, the diversity of which has theoretical and policy implications.
- Subjects
ACADEMIC spin-outs; TECHNOLOGY transfer; ACADEMIC-industrial collaboration; UNIVERSITY-based new business enterprises; NEW business enterprises; ENTREPRENEURSHIP
- Publication
Journal of Technology Transfer, 2004, Vol 29, Issue 3, p269
- ISSN
0892-9912
- Publication type
Article
- DOI
10.1023/B:JOTT.0000034123.26133.97