Abstract
The traditional vision of the university as a teaching institution still prevails in many countries. Typical of this vision is the high-risk aversion to knowledge commercialization due to lack of institutional support and market knowledge. Therefore, university scholars and seem more interested in publishing and graduates are more interested in secured life-time employability instead of commercialising their research and ideas on the market which does not contribute to technology transfer (TT) process and economic growth.
This chapter aims at providing insights into the important success factors of creation of academic spin-offs and entrepreneurial university, by carrying out a systemic review of eclectic literature on knowledge commercialization a technology transfer. It reveals that technology transfer offices (TTOs), centres for entrepreneurship and entrepreneurship education as important success factors for academics spin-offs and knowledge commercialisation. Practical implications for entrepreneurship university and other stakeholders and discussed.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
Notes
- 1.
Based on the QS World University Rankings by Subject 2016.
References
Abramo, G., D’Angelo, C. A., Di Costa, F., & Solazzi, M. (2011). The role of information asymmetry in the market for university–industry research collaboration. The Journal of Technology Transfer, 36(1), 84–100.
Abramo, G., D’Angelo, C. A., Ferretti, M., & Parmentola, A. (2012). An individual-level assessment of the relationship between spin-off activities and research performance in universities. R&D Management, 42(3), 225–242.
Algieri, B., Aquino, A., & Succurro, M. (2013). Technology transfer offices and academic spin-off creation: The case of Italy. The Journal of Technology Transfer, 38(4), 382–400.
Argyris, C., & Schon, D. (1978). Organizational learning: A theory in action perspective. Reading, MA: Addison-Wesley.
Audretsch, D. B., & Belitski, M. (2013). The missing pillar: The creativity theory of knowledge spillover entrepreneurship. Small Business Economics, 1–18.
Audretsch, D. B., & Caiazza, R. (2016). Technology transfer and entrepreneurship: Cross-national analysis. The Journal of Technology Transfer, 41(6), 1247–1259. https://doi.org/10.1007/s10961-015-9441-8.
Audretsch, D. B., Hülsbeck, M., & Lehmann, E. E. (2012). Regional competitiveness, university spillovers, and entrepreneurial activity. Small Business Economics, 39(3), 587–601.
Azagra-Caro, J. M., Archontakis, F., Gutierrez-Gracia, A., & Ferńandez-de-Lucio, F. (2006). Belarusian State Economic University. Research Policy, 35, 37–55.
Bandura, A. (1986). Social foundations of thought and action. Englewood Cliffs, NJ: Prentice-Hall.
BIS. (2014). Funding per student in higher education. Business innovation and skills department. Retrieved from https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/318628/BIS_performance_indicators_Funding_per_student_in_HE.pdf
BIS. (2015, November). Fulfilling our potential: Teaching excellence, social mobility and student choice.
Caiazza, R. (2016). A cross-national analysis of policies effecting innovation diffusion. The Journal of Technology Transfer, 41(6), 1406–1419. https://doi.org/10.1007/s10961-015-9439-2.
Caiazza, R., & Audretsch, D. (2013). A general framework for classifying spin-offs. International Review of Entrepreneurship, 11(1), 15–30.
Caiazza, R., & Volpe, T. (2016). Innovation and its diffusion: Process, actors and actions. Technology Analysis & Strategic Management, 29, 181–189. ISSN 0953-7325.
Caiazza, R., Audretsch, D., Volpe, T., & Debra Singer, J. (2014). Policy and institutions facilitating entrepreneurial spin-offs: USA, Asia and Europe. Journal of Entrepreneurship and Public Policy, 3(2), 186–196.
Chiesa, V., & Piccaluga, A. (2000). Exploitation and diffusion of public research: The general framework and the case of academic spin-off companies. R&D Management, 30(4), 329–340.
Chinni, D., & Gimpel, J. (2011). Our patchwork nation: The surprising truth about the ‘real’ America. New York, NY: Gotham Books.
Clark, B. R. (1998). Creating entrepreneurial universities: Organizational pathways of transformation. Milton Keynes: Pergamon.
Clarysse, B., & Moray, N. (2004). A process study of entrepreneurial team formation: The case of a research-based spin-off. Journal of Business Venturing, 19(1), 55–79.
Etzkowitz, H. (2004). The evolution of the entrepreneurial university. International Journal of Technology and Globalisation, 1(1), 64–77.
Etzkowitz, H., & Leydesdorff, L. (2000). The dynamics of innovation: From National Systems and “Mode 2” to a Triple Helix of university–industry–government relations. Research Policy, 29(2), 109–123.
European Commission. (2013). European knowledge transfer report 2013. Final Report (June), DG Research and Innovation, Brussels.
Ewalt, D. (2015). The world’s most innovative universities. Reuters.
Fernald, L., Solomon, G., & El Tarabishy, A. (2005). A new paradigm: Entrepreneurial leadership. Southern Business Review, 30(2), 1–10.
Fiet, J. O. (2001a). The theoretical side of teaching entrepreneurship. Journal of Business Venturing, 16(1), 1–24.
Fiet, J. O. (2001b). The pedagogical side of entrepreneurship theory. Journal of Business Venturing, 16(2), 101–117.
Fini, R., Grimaldi, R., Santoni, S., & Sobrero, M. (2011). Complements or substitutes? The role of universities and local context in supporting the creation of academic spin-offs. Research Policy, 40(8), 1113–1127.
Fontes, M. (2005). The process of transformation of scientific and technological knowledge into economic value conducted by biotechnology spin-offs. Technovation, 25(4), 339–347.
Gibb, A. (2002). In pursuit of new ‘enterprise’ and ‘entrepreneurship’ paradigm for learning: Creative destruction, new values, new ways of doing things and new combinations of knowledge. International Journal of Management Reviews, 4(3), 233–269.
Gibb, A. (2012). Exploring the synergistic potential in entrepreneurial university development: Towards the building of a strategic framework. Annals of Innovation & Entrepreneurship, 3, 16742.
Giunta, A., Pericoli, F., & Pierucci, E. (2016). University–industry collaboration in the biopharmaceuticals: The Italian case. Journal of Technology Transfer, 41, 818–840.
Guerrero, M., & Urbano, D. (2010). The creation and development of entrepreneurial universities in Spain: An institutional approach. Hauppauge: Nova Science Publishers.
Hayter, C. S. (2013). Conceptualizing knowledge-based entrepreneurship networks: Perspectives from the literature. Small Business Economics, 41(4), 899–911.
Hindle, K. (2010). How community context affects entrepreneurial process: A diagnostic framework. Entrepreneurship and regional development, 22(7–8), 599-647.
Jacob, M., Lundqvist, M., & Hellsmark, H. (2003). Entrepreneurial transformations in the Swedish University system: The case of Chalmers University of Technology. Research Policy, 32(9), 1555–1568.
Kenney, M., & Patton, D. (2009). Reconsidering the Bayh-Dole Act and the current university invention ownership model. Research Policy, 38(9), 1407–1422.
Kolympiris, C., & Klein, P. G. (2017). The effects of academic incubators on university innovation. Strategic Entrepreneurship Journal, 11(2), 145–170.
Lockett, A., Wright, M., & Franklin, S. (2003). Technology transfer and universities’ spinout strategies. Small Business Economics, 20(2), 185–200.
Markman, G. D., Phan, P. H., Balkin, D. B., & Gianiodis, P. T. (2005). Entrepreneurship and university-based technology transfer. Journal of Business Venturing, 20, 241–263.
Markuerkiaga, L., Caiazza, R., Igartua, J. I., & Errasti, N. (2016). Factors fostering students’ spin-off firm formation: An empirical comparative study of universities from North and South Europe. Journal of Management Development, 35(6), 814–846.
Mavi, R. K. (2014). Indicators of entrepreneurial university: Fuzzy AHP and Fuzzy TOPSIS approach. Journal of the Knowledge Economy, 5(2), 370–387.
Meyer, G. D. (2011). The reinvention of academic entrepreneurship. Journal of Small Business Management, 49(1), 1–8.
Mustar, P. (1997). Spin-off enterprises – how French academics create hi-tech companies: The conditions for success or failure. Science and Public Policy, 24(1), 37–43.
Mustar, P., Renault, M., Colombo, M. G., Piva, E., Fontes, M., Lockett, A., et al. (2006). Conceptualizing the heterogeneity of research-based spin-offs: A multi-dimensional taxonomy. Research Policy, 35(2), 289–308.
Neck, H. M., & Greene, P. G. (2011). Entrepreneurship education: Known worlds and new frontiers. Journal of Small Business Management, 49(1), 55–70.
Neck, H. M., Greene, P. G., & Brush, C. G. (2014). Teaching entrepreneurship: A practice-based approach. Cheltenham: Edward Elgar Publishing.
Netval. (2014). Unire I Puntini Per Completare Il Disegno Dell’innovazione. XI Rapporto Netval Sulla Valorizzazione Della Ricerca Pubblica Italiana. Technical Report, Milan, Italy.
Philpott, K., Dooley, L., O’reilly, C., & Lupton, G. (2011). The entrepreneurial university: Examining the underlying academic tensions. Technovation, 31(4), 161–170.
Pittaway, L., & Cope, J. (2007). Simulating entrepreneurial learning: Integrating experiential and collaborative approaches to learning. Management Learning, 38(2), 211–233.
Shane, S. (2004). Encouraging university entrepreneurship? The effect of the Bayh-Dole Act on university patenting in the United States. Journal of Business Venturing, 19(1), 127–151.
Siegel, D. S., Wright, M., & Lockett, A. (2007). The rise of entrepreneurial activity at universities: Organizational and societal implications. Industrial and Corporate Change, 16(4), 489–504.
Taylor, D. W., & Thorpe, R. (2004). Entrepreneurial learning: A process of co-participation. Journal of Small Business and Enterprise Development, 11(2), 203–211.
Times Higher Education. (2015). Let students build tech products, UK sector told. Retrieved from https://www.timeshighereducation.com/news/let-students-build-tech-products-uk-sector-told
Times Higher Education. (2016). The world’s top universities for attracting industry funding. Retrieved from https://www.timeshighereducation.com/world-university-rankings/funding-for-innovation-ranking-2016
Wright, M., Clarysse, B., Lockett, A., & Binks, M. (2006). Venture capital and university spin-outs. Research Policy, 35(4), 481–501.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer International Publishing AG, part of Springer Nature
About this chapter
Cite this chapter
Belitski, M., Aginskaya, H. (2018). Defining Academic Spinoffs and Entrepreneurial University. In: Presse, A., Terzidis, O. (eds) Technology Entrepreneurship. FGF Studies in Small Business and Entrepreneurship. Springer, Cham. https://doi.org/10.1007/978-3-319-73509-2_11
Download citation
DOI: https://doi.org/10.1007/978-3-319-73509-2_11
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-73508-5
Online ISBN: 978-3-319-73509-2
eBook Packages: Business and ManagementBusiness and Management (R0)