In this study we assess the relevance of university-level (e.g. specific internal regulations, business plan competitions, university affiliated business incubators and availability of university venture capital funds) and local-context support mechanisms (e.g. availability of public and private research institutions, venture capitalists, business angels, companies operating in the same sector, incubators and science parks) for academic spin-offs creation and early growth established in regions with different levels of local economic development. Previous studies suggest that university-level mechanisms alone might not suffice. Academic spin-offs, in order to grow, should be able to exploit and combine their resources and competencies with external ones and to grasp opportunities offered by the local context in which they operate.
Fini, Riccardo; Grimaldi, Rosa; Santoni, Simone; and Sobrero, Maurizio
"COMPLEMENTS OR SUBSTITUTES? THE ROLE OF UNIVERSITIES AND LOCAL CONTEXT IN SUPPORTING THE GROWTH OF ACADEMIC SPIN-OFFS (INTERACTIVE PAPER),"
Frontiers of Entrepreneurship Research: Vol. 30
, Article 22.
Available at: http://digitalknowledge.babson.edu/fer/vol30/iss15/22