TY - JOUR
T1 - The creation of spin-off firms at public research institutions
T2 - Managerial and policy implications
AU - Lockett, Andy
AU - Siegel, Donald
AU - Wright, Mike
AU - Ensley, Michael D.
N1 - Funding Information:
We thank Ben Martin for encouragement and support. Don Siegel gratefully acknowledges financial support from the Alfred P. Sloan Foundation through the NBER Project on Industrial Technology and Productivity and the Severino Centre for Technological Entrepreneurship of the Lally School of Management and Technology at Rensselaer Polytechnic Institute. We have also benefited from many useful comments at the September 2004 Technology Transfer Society Meetings in Albany, NY.
PY - 2005/9
Y1 - 2005/9
N2 - We consider the managerial and policy implications of the rise of spin-offs at public research institutions (PRIs), based on a knowledge-based view (KBV) of the firm. This framework highlights the importance of knowledge in the creation and development of spin-offs. We argue that in order to understand the development of spin-offs, researchers should focus on "knowledge gaps" these new ventures encounter. Knowledge gaps can occur at different levels of aggregation, including the PRI, spin-off, team, individual, incubator, and at different stages of spin-off development. Based on this framework, we synthesize findings from previous studies and papers in the special issue and offer some suggestions for additional research on spin-offs from PRIs.
AB - We consider the managerial and policy implications of the rise of spin-offs at public research institutions (PRIs), based on a knowledge-based view (KBV) of the firm. This framework highlights the importance of knowledge in the creation and development of spin-offs. We argue that in order to understand the development of spin-offs, researchers should focus on "knowledge gaps" these new ventures encounter. Knowledge gaps can occur at different levels of aggregation, including the PRI, spin-off, team, individual, incubator, and at different stages of spin-off development. Based on this framework, we synthesize findings from previous studies and papers in the special issue and offer some suggestions for additional research on spin-offs from PRIs.
KW - Technology transfer office (TTO)
KW - University entrepreneurship
KW - University spin-offs
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U2 - 10.1016/j.respol.2005.05.010
DO - 10.1016/j.respol.2005.05.010
M3 - Article
AN - SCOPUS:24344462223
SN - 0048-7333
VL - 34
SP - 981
EP - 993
JO - Research Policy
JF - Research Policy
IS - 7
ER -