Policy Principles for the Creation and Success of Corporate and Academic Spin-Offs

Technovation, Vol. 30, No. 1, pp. 12-23, 2010

36 Pages Posted: 29 Sep 2010

See all articles by Victor A. Gilsing

Victor A. Gilsing

Eindhoven University of Technology (TUE) - Eindhoven Center for Innovation Studies (ECIS); Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM); Ministerie van Economische Zaken

Elco van Burg

Vrije Universiteit Amsterdam, School of Business and Economics

A. Georges L. Romme

Eindhoven University of Technology (TUE) - Department of Industrial Engineering and Innovation Sciences

Date Written: September 28, 2010

Abstract

Following a design science approach, this paper develops a framework of policy design principles for fostering technology entrepreneurship in a region. These principles are grounded in research findings and describe the factors and causal mechanisms that explain the founding and success rates of both corporate and academic spin-offs. We differentiate between principles that serve the creation of spin-offs versus those focusing on their subsequent chances of success. We provide an in-depth empirical application of this framework to spin-off policy in the regions of Eindhoven and Leuven. This application of the framework serves to assess the extent to which standing spin-off policy in both regions is (1) up-to-date, (2) comprehensive as well as (3) sufficiently robust against ‘policy fashions’. Several directions for redesigning spin-off policy follow from this assessment.

Keywords: university spin-offs, corporate spin-offs, technology regimes, policy principles, technology entrepreneurship, regions

JEL Classification: O31, O32

Suggested Citation

Gilsing, Victor A. and van Burg, Elco and Romme, A. Georges L., Policy Principles for the Creation and Success of Corporate and Academic Spin-Offs (September 28, 2010). Technovation, Vol. 30, No. 1, pp. 12-23, 2010 , Available at SSRN: https://ssrn.com/abstract=1684002

Victor A. Gilsing

Eindhoven University of Technology (TUE) - Eindhoven Center for Innovation Studies (ECIS) ( email )

P.O. Box 513
NL-5600 MB Eindhoven
Netherlands
+040 247 4435 (Phone)

Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM) ( email )

P.O. Box 1738
Room T08-21
3000 DR Rotterdam, 3000 DR
Netherlands
+31 10 4081945, 4081980 (Phone)
+31 10 4089015 (Fax)

HOME PAGE: http://web.eur.nl/fbk/dep/dep2/Staff/people/vgilsing

Ministerie van Economische Zaken ( email )

Bezuidenhoutseweg 20
Den Haag, 2594 AV
Netherlands
+31 70 354 3771 (Phone)
+31 70 379 7788 (Fax)

Elco Van Burg (Contact Author)

Vrije Universiteit Amsterdam, School of Business and Economics ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands
+31 20 59 82510 (Phone)

HOME PAGE: http://https://research.vu.nl/en/persons/elco-van-burg

A. Georges L. Romme

Eindhoven University of Technology (TUE) - Department of Industrial Engineering and Innovation Sciences ( email )

Den Dolech 2
Eindhoven
5600 MB Eindhoven
Netherlands

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