The creation of spin-off firms at public research institutions: Managerial and policy implications

Andy Lockett; Donald Siegel; Mike Wright; Michael D. Ensley

doi:10.1016/j.respol.2005.05.010

The creation of spin-off firms at public research institutions: Managerial and policy implications

Andy Lockett
, Donald Siegel
, Mike Wright
, Michael D. Ensley

Research output: Contribution to journal › Article › peer-review

393 Scopus citations

Abstract

We consider the managerial and policy implications of the rise of spin-offs at public research institutions (PRIs), based on a knowledge-based view (KBV) of the firm. This framework highlights the importance of knowledge in the creation and development of spin-offs. We argue that in order to understand the development of spin-offs, researchers should focus on "knowledge gaps" these new ventures encounter. Knowledge gaps can occur at different levels of aggregation, including the PRI, spin-off, team, individual, incubator, and at different stages of spin-off development. Based on this framework, we synthesize findings from previous studies and papers in the special issue and offer some suggestions for additional research on spin-offs from PRIs.

Original language	English (US)
Pages (from-to)	981-993
Number of pages	13
Journal	Research Policy
Volume	34
Issue number	7
DOIs	https://doi.org/10.1016/j.respol.2005.05.010
State	Published - Sep 2005
Externally published	Yes

Keywords

Technology transfer office (TTO)
University entrepreneurship
University spin-offs

ASJC Scopus subject areas

Strategy and Management
Management Science and Operations Research
Management of Technology and Innovation

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10.1016/j.respol.2005.05.010

Cite this

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title = "The creation of spin-off firms at public research institutions: Managerial and policy implications",

abstract = "We consider the managerial and policy implications of the rise of spin-offs at public research institutions (PRIs), based on a knowledge-based view (KBV) of the firm. This framework highlights the importance of knowledge in the creation and development of spin-offs. We argue that in order to understand the development of spin-offs, researchers should focus on {"}knowledge gaps{"} these new ventures encounter. Knowledge gaps can occur at different levels of aggregation, including the PRI, spin-off, team, individual, incubator, and at different stages of spin-off development. Based on this framework, we synthesize findings from previous studies and papers in the special issue and offer some suggestions for additional research on spin-offs from PRIs.",

keywords = "Technology transfer office (TTO), University entrepreneurship, University spin-offs",

author = "Andy Lockett and Donald Siegel and Mike Wright and Ensley, \{Michael D.\}",

note = "Funding Information: We thank Ben Martin for encouragement and support. Don Siegel gratefully acknowledges financial support from the Alfred P. Sloan Foundation through the NBER Project on Industrial Technology and Productivity and the Severino Centre for Technological Entrepreneurship of the Lally School of Management and Technology at Rensselaer Polytechnic Institute. We have also benefited from many useful comments at the September 2004 Technology Transfer Society Meetings in Albany, NY. ",

year = "2005",

month = sep,

doi = "10.1016/j.respol.2005.05.010",

language = "English (US)",

volume = "34",

pages = "981--993",

journal = "Research Policy",

issn = "0048-7333",

publisher = "Elsevier B.V.",

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TY - JOUR

T1 - The creation of spin-off firms at public research institutions

T2 - Managerial and policy implications

AU - Lockett, Andy

AU - Siegel, Donald

AU - Wright, Mike

AU - Ensley, Michael D.

N1 - Funding Information: We thank Ben Martin for encouragement and support. Don Siegel gratefully acknowledges financial support from the Alfred P. Sloan Foundation through the NBER Project on Industrial Technology and Productivity and the Severino Centre for Technological Entrepreneurship of the Lally School of Management and Technology at Rensselaer Polytechnic Institute. We have also benefited from many useful comments at the September 2004 Technology Transfer Society Meetings in Albany, NY.

PY - 2005/9

Y1 - 2005/9

N2 - We consider the managerial and policy implications of the rise of spin-offs at public research institutions (PRIs), based on a knowledge-based view (KBV) of the firm. This framework highlights the importance of knowledge in the creation and development of spin-offs. We argue that in order to understand the development of spin-offs, researchers should focus on "knowledge gaps" these new ventures encounter. Knowledge gaps can occur at different levels of aggregation, including the PRI, spin-off, team, individual, incubator, and at different stages of spin-off development. Based on this framework, we synthesize findings from previous studies and papers in the special issue and offer some suggestions for additional research on spin-offs from PRIs.

AB - We consider the managerial and policy implications of the rise of spin-offs at public research institutions (PRIs), based on a knowledge-based view (KBV) of the firm. This framework highlights the importance of knowledge in the creation and development of spin-offs. We argue that in order to understand the development of spin-offs, researchers should focus on "knowledge gaps" these new ventures encounter. Knowledge gaps can occur at different levels of aggregation, including the PRI, spin-off, team, individual, incubator, and at different stages of spin-off development. Based on this framework, we synthesize findings from previous studies and papers in the special issue and offer some suggestions for additional research on spin-offs from PRIs.

KW - Technology transfer office (TTO)

KW - University entrepreneurship

KW - University spin-offs

UR - https://www.scopus.com/pages/publications/24344462223

UR - https://www.scopus.com/pages/publications/24344462223#tab=citedBy

U2 - 10.1016/j.respol.2005.05.010

DO - 10.1016/j.respol.2005.05.010

M3 - Article

AN - SCOPUS:24344462223

SN - 0048-7333

VL - 34

SP - 981

EP - 993

JO - Research Policy

JF - Research Policy

IS - 7

ER -

The creation of spin-off firms at public research institutions: Managerial and policy implications

Abstract

Keywords

ASJC Scopus subject areas

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