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

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

doi:10.1016/j.respol.2005.05.010

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

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

Business, W. P. Carey School of (WPC)

Research output: Contribution to journal › Article

268 Scopus citations

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 language	English (US)
Pages (from-to)	981-993
Number of pages	13
Journal	Research Policy
Volume	34
Issue number	7
DOIs	https://doi.org/10.1016/j.respol.2005.05.010
State	Published - Sep 1 2005

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Keywords

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

ASJC Scopus subject areas

Strategy and Management
Management Science and Operations Research
Management of Technology and Innovation

Cite this

Lockett, A., Siegel, D., Wright, M., & Ensley, M. D. (2005). The creation of spin-off firms at public research institutions: Managerial and policy implications. Research Policy, 34(7), 981-993. https://doi.org/10.1016/j.respol.2005.05.010

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Access to Document

10.1016/j.respol.2005.05.010