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 language | English (US) |
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Pages (from-to) | 3-13 |
Number of pages | 11 |
Journal | Economic Development Quarterly |
Volume | 29 |
Issue number | 1 |
DOIs | |
State | Published - 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