Social Networks and the Success of University Spin-offs: Toward an Agenda for Regional Growth

Christopher Hayter

    Research output: Contribution to journalArticlepeer-review

    50 Scopus citations

    Abstract

    This study explores the economic factors that are associated with the success of university spin-offs. Drawing on a unique sample of academic entrepreneurs from research institutions in New York State, the article finds that spin-off success is dependent on both the type and size of the academic entrepreneur’s social network. Specifically, extraregional networks of nonacademic contacts—including investors, researchers from other companies, and advisors—allow academic entrepreneurs access to a broader base of knowledge and other resources important to spin-off success, which leads to regional economic development.

    Original languageEnglish (US)
    Pages (from-to)3-13
    Number of pages11
    JournalEconomic Development Quarterly
    Volume29
    Issue number1
    DOIs
    StatePublished - Feb 13 2015

    Keywords

    • employment
    • entrepreneurship
    • knowledge spillovers
    • social networks
    • technology transfer
    • university spin-offs

    ASJC Scopus subject areas

    • Development
    • Economics and Econometrics
    • Urban Studies

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