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

Research output: Contribution to journalArticle

22 Citations (Scopus)

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

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social network
entrepreneur
spin-off
research institution
economic factors
investor
economic development
university
resource
economics
resources
Social networks
Entrepreneurs
Regional growth
University spin-offs
Agenda
Spin-off

Keywords

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

ASJC Scopus subject areas

  • Economics and Econometrics
  • Development
  • Urban Studies

Cite this

Social Networks and the Success of University Spin-offs : Toward an Agenda for Regional Growth. / Hayter, Christopher.

In: Economic Development Quarterly, Vol. 29, No. 1, 13.02.2015, p. 3-13.

Research output: Contribution to journalArticle

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