Improving Innovation in University Spin-Offs. The Fostering Role of University and Region

Authors

  • Antonio Prencipe Università degli Studi di Teramo
  • Christian Corsi Università degli Studi di Teramo

DOI:

https://doi.org/10.4067/S0718-27242016000200002

Keywords:

University spin-offs, Innovation, University context, Regional context, Knowledge Spillover Theory, Resource-Based View.

Abstract

University spin-offs (USOs) are companies created to commercialize knowledge or technology developed in academia; thus, their major contribution to the knowledge economy is their ability to generate innovation. Following the Resource-Based View of the Firm and the Knowledge Spillover Theory of Entrepreneurship, it was stated that fostering mechanisms at university level and at regional level may positively influence the USOs innovation. Based on a sample of 621 Italian USOs, we show that the positive impact of the university context is more crucial compared with those of the regional context. In particular, the university affiliated business incubators and Science Parks, jointly with the university financial resources, seem to promote the innovation efforts of USOs. These evidences rise the need of a resilient partnership among all the contextual players involved in the spillover processes, mainly at regional level, in order to effectively exploit the potential innovative efforts of the university start-ups.

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Published

2016-06-21

How to Cite

Prencipe, A., & Corsi, C. (2016). Improving Innovation in University Spin-Offs. The Fostering Role of University and Region. Journal of Technology Management &Amp; Innovation, 11(2), 13–21. https://doi.org/10.4067/S0718-27242016000200002

Issue

Section

Research Articles