Academic Entrepreneurship in Europe

Academic Entrepreneurship in Europe

Mike Wright, Bart Clarysse, Philippe Mustar and Andy Lockett

This book advances our understanding of university spin-off creation and development in environments outside the high-tech clusters of the US. While there has been substantial university spin-off activity internationally in recent years, a number of major aspects are little understood. The authors argue that the nature of universities is changing as reduced public funding reflects a public debate on their role in society. An important aspect of this international phenomenon is an increased emphasis on the commercialization of university research and on academic entrepreneurship. These new ventures therefore involve the spinning-off of technology and knowledge generated by universities.

Preface

Mike Wright, Bart Clarysse, Philippe Mustar and Andy Lockett

Subjects: business and management, entrepreneurship

Extract

The nature of universities is changing as reduced public funding reflects a public debate about their role in society. An important aspect of this international phenomenon is increased emphasis on the commercialization of university research. Of particular interest is academic entrepreneurship, which relates to the development of commercialization beyond the traditional focus upon the licensing of innovations to the creation of new ventures that involve the spinning-off of technology and knowledge generated by universities. While there has been substantial university spin-off activity internationally in recent years, a number of major aspects are little understood. First, considerable debate surrounds the ability of spin-offs to generate the wealth benefits expected by universities. Second, much research focuses on the US context, and especially on high-technology (high-tech) clusters of academic entrepreneurship within that country. This institutional environment contrasts markedly with that prevailing elsewhere. Universities in different environments may face varying challenges in the development of successful spin-off companies involving the transfer of technology and knowledge from universities. This book aims to go some way to filling the gap in our understanding of the process of spin-off creation and development in environments outside the high-tech clusters of the US. First, we focus on the process of spin-off creation and development in several European countries, selected to reflect the diversity of the institutional environment. Second, we adopt a multi-level approach to examine the process of spin-off creation and development. In particular, we consider units of analysis involving the university, technology transfer...