Abstract
Research-based spinoffs (RBSOs) have raised a great interest in recent years for their economic and social implications. The literature has studied this phenomenon from three different perspectives: resource-based, business-model driven, and institutional. Due to the possible correlation between the approaches, this work aims to suggest an integrated framework, adopting the four stages model of spinoff development. To present the application of the framework we performed an extensive examination of two RBSOs operating in the ICT sector. Results highlight the level and types of technological, human, financial and social resources (including also the institutional linkages), and their evolution and importance in the generation and development of these new high tech companies.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Barney JB, Ketchen DJ, Wright M (2011) The future of resource-based theory: revitalization or decline? J Manag 37(5):1299–1315
Bigliardi B, Galati F, Verbano C (2013) Performance measurement of academic spin-off companies: lessons from Italy. Int J Technol Manag Innov 8(2):178–188
Birley S (1985) The role of networks in the entrepreneurial process. J Bus Ventur 24(1):107–117
Boeker W (1989) Strategic change: the effect of founding and history. Acad Manag J 32(3):489–515
Clarysse B, Wright M, Van de Velde E (2011) Entrepreneurial origin, technological knowledge, and the growth of spin-off companies. J Manag Stud 48(6):1420–1442
Cooper AC (1985) The role of incubator organizations in the founding of growth-oriented firms. J Bus Ventur 1(1):75–86
De Cleyn SH, Braet J (2010) The evolution of spin-off ventures: an integrated model. Int J Innov Technol Manag 7(1):53–70
Djokovic D, Souitaris V (2008) Spinouts from academic institutions: a literature review with suggestions for further research. J Technol Transfer 33:225–247
Druilhe C, Garnsey E (2004) Do academic spin-outs differ and does it matter? J Technol Transfer 29(3-4):269–285
Egeln J, Gottschalk S, Rammer C, Spielkamp A (2003) Spinoff-Grundungen aus der offentlichen Forschung in Deutschland, Schriftenreihe des ZEW, Band 68, Baden-Baden
Ensley MD, Hmieleski KM (2005) A comparative study of new venture top management team composition, dynamics and performance between university based start-ups and independent stat-ups. Res Policy 34(7):1091–1105
Featherman DL (1980) Retrospective longitudinal research: methodological considerations. J Econ Bus 32(2):152–169
Franklin SJ, Wright M, Lockett A (2001) Academic and surrogate entrepreneurs in university spin-out companies. J Technol Transfer 26(1-2):127–141
Heirman A, Clarysse B (2004) How and why do research-based start-ups differ at founding? A resource-based configurational perspective. J Technol Transfer 29(3/4):247–267
Knockaert M, Spithoven A, Clarysse B (2010) The knowledge paradox explored: what is impeding the creation of ICT spin-offs? Technol Anal Strat Manag 22(4):479–493
Lee C, Lee K, Pennings JM (2001) Internal capabilities, external networks, and performance: a study of technology-based ventures. Strateg Manag J 22:615–640
Mansfield E (1991) Academic research and industrial innovations. Res Policy 26:773–776
Moray N, Clarysse B (2005) Institutional change and resource endowments to science-based entrepreneurial firms. Res Policy 34(7):1010–1027
Mustar P, Renault M, Colombo MG, Piva E, Fontes M, Lockett A, Wright M, Clarysse B, Moray N (2006) Conceptualizing the heterogeneity of research-based spin-offs: a multi-dimensional taxonomy. Res Policy 35:289–308
Ndonzuau FN, Surlemont F, Pirnay B (2002) A stage model of academic spin-off creation. Technovation 22(5):281–289
Nicolaou N, Birley S (2003) Academic networks in a trichotomous categorization of university spinouts. J Bus Ventur 18(3):333–359
O’Shea RP, Harveen C, Thomas JA (2008) Determinants and consequences of university spinoff activity: a conceptual framework. J Technol Transfer 33:653–666
Petroni G, Venturini K, Verbano C (2011) Open innovation and new issues in R&D organization and personnel management. Int J Hum Resour Manag 23(1):147–173
Powers JB, McDougall PP (2005) University start-up formation and technology licensing with firms that go public: a resource-based view of academic entrepreneurship. J Bus Ventur 20(3):291–311
Rasmussen E (2011) Understanding academic entrepreneurship: exploring the emergence of university spin-off ventures using process theories. Int Small Bus J 29(5):448–471
Rickne A (2006) Connectivity and performance of science-based firms. J Small Bus Econ 26(4):393–407
Roberts EB (1991) Enterprise in high technology: lessons from MIT and beyond. Oxford University Press, New York, NY
Roberts EB, Malone DE (1996) Policies and structures for spinning off new companies from research and development organizations. R&D Manag 26:17–48
Rogers EM, Takegami S, Yin J (2001) Lessons learned about technology transfer. Technovation 21(4):253–261
Rosenberg N, Nelson R (1994) American Universities and technical advance in industry. Res Policy 23(3):323–348
Rothaermel FT, Agung SD, Jiang I (2007) University entrepreneurship: a taxonomy of the literature. Ind Corp Chang 16(4):691–791
Schmelter A (2004) Entwicklungsverlaufe forschungsnaher Unternehmensgrundungen und deren Determinanten. Die Betriebswirtschaft 64(4):471–486
Shane S (2001) Technological opportunities and new firm creation. Manag Sci 47(2):205–220
Shane S (2004) Encouraging university entrepreneurship? The effect of Bayh-Dole Act on university patenting in the United States. J Bus Ventur 19(1):127–151
Singer S, Senor D (2009) Start-up Nation: the story of Israel’s economic miracle. Hachette book group, New York, NY
Smilor R, Gibson D, Dietrich G (1990) University spin-out companies: technology start-ups from UT-Austin. J Bus Ventur 5(1):63–76
Steffensen M, Rogers EM, Speakman K (2000) USOs from research centers at a research university. J Bus Ventur 15:93–111
Taheri M, Van Geenhuizen M (2011) How human capital and social networks may influence the patterns of international learning among academic spin-off firms. Reg Sci 90(2):287–259
Vohora A, Wright M, Lockett A (2004) Critical junctures in the development of university high-tech spinout companies. Res Policy 33:147–165
Walter A, Auer M, Ritter T (2006) The impact of network capabilities and entrepreneurial orientation on university spin-off performance. J Bus Ventur 21(4):541–567
Wright M, Lockett A, Clarysse B, Binks M (2006) University spin-out companies and venture capital. Res Policy 35:481–501
Wright M, Clarysse B, Mosey S (2012) Strategic entrepreneurship, resource orchestration and growing spinoffs for universities. Tech Anal Strat Manag 24(9):911–927
Zheng Y, Liu J, George G (2010) The dynamic impact of innovative capability and inter-firm network on firm valuation: a longitudinal study of biotechnology start-ups. J Bus Ventur 25:593–609
Acknowledgments
The authors gratefully acknowledge financial support for this research granted by the University of Padua (Research project CPDA129273).
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2016 Springer International Publishing Switzerland
About this chapter
Cite this chapter
Verbano, C., Wasser, A., Lincoln, M., Venturini, K. (2016). Managing Resources in the Generation and Development of Research Based Spinoffs: Evidences from Israeli ICT Cases. In: Audretsch, D., Lehmann, E., Meoli, M., Vismara, S. (eds) University Evolution, Entrepreneurial Activity and Regional Competitiveness. International Studies in Entrepreneurship, vol 32. Springer, Cham. https://doi.org/10.1007/978-3-319-17713-7_16
Download citation
DOI: https://doi.org/10.1007/978-3-319-17713-7_16
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-17712-0
Online ISBN: 978-3-319-17713-7
eBook Packages: Business and ManagementBusiness and Management (R0)