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Support for public research spin-offs by the parent organizations and the speed of commercialization

Slavtchev, Viktor and Göktepe-Hultén, Devrim LU (2016) In Journal of Technology Transfer 41(6). p.1507-1525
Abstract

We empirically analyze whether support by the parent organization in the early (nascent and seed) stage speeds up the process of commercialization and helps spin-offs from public research organizations generate first revenues sooner. To identify the impact of support by the parent organization, we apply multivariate regression techniques as well as an instrumental variable approach. Our results show that support in the early stage by the parent organization can speed up commercialization. Moreover, we identify two distinct channels—the help in developing a business plan and in acquiring external capital—through which support by the parent organization can enable spin-offs to generate first revenues sooner.

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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Academic entrepreneurship, Commercialization, Support, Time to market, TTO
in
Journal of Technology Transfer
volume
41
issue
6
pages
19 pages
publisher
Springer
external identifiers
  • scopus:84944704478
  • wos:000387231700013
ISSN
0892-9912
DOI
10.1007/s10961-015-9443-6
language
English
LU publication?
yes
id
7afffce7-0cd0-41fc-a10f-7bddb3533597
date added to LUP
2016-11-18 13:27:02
date last changed
2017-01-15 04:43:11
@article{7afffce7-0cd0-41fc-a10f-7bddb3533597,
  abstract     = {<p>We empirically analyze whether support by the parent organization in the early (nascent and seed) stage speeds up the process of commercialization and helps spin-offs from public research organizations generate first revenues sooner. To identify the impact of support by the parent organization, we apply multivariate regression techniques as well as an instrumental variable approach. Our results show that support in the early stage by the parent organization can speed up commercialization. Moreover, we identify two distinct channels—the help in developing a business plan and in acquiring external capital—through which support by the parent organization can enable spin-offs to generate first revenues sooner.</p>},
  author       = {Slavtchev, Viktor and Göktepe-Hultén, Devrim},
  issn         = {0892-9912},
  keyword      = {Academic entrepreneurship,Commercialization,Support,Time to market,TTO},
  language     = {eng},
  month        = {12},
  number       = {6},
  pages        = {1507--1525},
  publisher    = {Springer},
  series       = {Journal of Technology Transfer},
  title        = {Support for public research spin-offs by the parent organizations and the speed of commercialization},
  url          = {http://dx.doi.org/10.1007/s10961-015-9443-6},
  volume       = {41},
  year         = {2016},
}