Edited by Alain Fayolle, Paula Kyrö, Tonis Mets and Urve Venesaar
Chapter 3: The role of researchers’ motivations in the genesis of academic spin-off companies
Spin-off companies play a key role in the mechanisms that universities enact to extract the industrial and commercial potential of the outcomes of scientific knowledge (Rothaermel et al., 2007). Ventures founded by scientists to exploit their discoveries and inventions are a powerful driver of innovation and economic growth, and represent a source of industrial change (Shane, 2004). For these reasons, science policy includes technology transfer among the “missions” of scientific profession, together with research and teaching (Etzkowitz, 2003).The activation of entrepreneurial process in academia is contingent on the interplay of factors at three distinct levels (Grimaldi et al., 2011): national and regional system of innovation, university strategy, and individual determinants. The literature has focused mainly on the first two dimensions, while the amount of attention given to the drivers for individual determinants is more scarce and recent (for example Colyvas and Powell, 2007; Jain et al., 2009; Clarysse et al., 2011).
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.