Issues and Newness
Edited by Alain Fayolle
Chapter 4: To Support the Emergence of Academic Entrepreneurs: The Role of Business Plan Competitions
Lorella Cannavacciuolo,1 Guido Capaldo, Gianluca Esposito, Luca Iandoli and Mario Raffa Introduction Besides mainstream literature, this chapter builds on previous empirical researches implemented by some of the authors of this work (Capaldo et al., 1997; Capaldo and Fontes, 2001; Capaldo et al., 2002; Raffa and Zollo, 2000). In particular, the research presented in this chapter has been carried out following three different steps: 1. To present an overview of the main definitions of academic spin-off (AS) and analyse barriers preventing the creation of such spin-offs (the second and third sections). The label ‘barrier’ refers to legal, organizational, cultural and financial obstacles preventing research output from being transformed into business opportunities throughout the academic spin-off creation process (BenDaniel and Szafara, 1998). 2. To present an overview of the most commonly used supports for the creation of academic spin-off (the fourth and fifth sections). Previous researches have proved that the effective creation of such spin-offs is constrained if universities take advantage of a limited number of supports. Conversely, the creation of academic spin-offs benefits from a valuable combination of both formal and informal supports (Capaldo and Fontes, 2001). 3. To analyse the role played by academic spin-off support programmes in facilitating the emergence and the exploitation of new-business ideas within universities and research centres. 55 56 Key issues in entrepreneurship education Different definitions of Academic spin-off Building on the academic spin-off’s literature, this paragraph is aimed at describing the key features of academic entrepreneurs. In order to describe such features, it...
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