The creation of spin-off firms at public research institutions: Managerial and policy implications

Andy Lockett, Donald Siegel, Mike Wright, Michael D. Ensley

Research output: Contribution to journalArticle

260 Citations (Scopus)

Abstract

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.

Original languageEnglish (US)
Pages (from-to)981-993
Number of pages13
JournalResearch Policy
Volume34
Issue number7
DOIs
StatePublished - Sep 1 2005
Externally publishedYes

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Agglomeration
Policy implications
Public research
Spin-offs
Spin-off
Knowledge gap
Incubator
Knowledge-based view of the firm
New ventures

Keywords

  • Technology transfer office (TTO)
  • University entrepreneurship
  • University spin-offs

ASJC Scopus subject areas

  • Engineering(all)
  • Strategy and Management
  • Management Science and Operations Research
  • Management of Technology and Innovation

Cite this

The creation of spin-off firms at public research institutions : Managerial and policy implications. / Lockett, Andy; Siegel, Donald; Wright, Mike; Ensley, Michael D.

In: Research Policy, Vol. 34, No. 7, 01.09.2005, p. 981-993.

Research output: Contribution to journalArticle

Lockett, Andy ; Siegel, Donald ; Wright, Mike ; Ensley, Michael D. / The creation of spin-off firms at public research institutions : Managerial and policy implications. In: Research Policy. 2005 ; Vol. 34, No. 7. pp. 981-993.
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