Support for public research spin-offs by the parent organizations and the speed of commercialization

Viktor Slavtchev; Devrim Göktepe-Hultén

We empirically analyze whether support by the parent organization in the early (nascent and seed) stage speeds up the process of commercialization and helps spin-offs from public research organizations generate first revenues sooner. To identify the impact of support by the parent organization, we apply multivariate regression techniques as well as an instrumental variable approach. Our results show that support in the early stage by the parent organization can speed up commercialization. Moreover, we identify two distinct channels – the help in developing a business plan and in acquiring external capital – through which support by the parent organization can enable spin-offs to generate first revenues sooner.

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Year of publication:	2015
Authors:	Slavtchev, Viktor ; Göktepe-Hultén, Devrim
Publisher:	Halle (Saale) : Leibniz-Inst. für Wirtschaftsforschung - IWH
Subject:	academic entrepreneurship \| support \| TTO \| commercialization \| time to market \| Kommerzialisierung \| Commercialization \| Ausgründung \| Spin-off company \| Unternehmensgründung \| Business start-up \| Universitäre Forschung \| University research \| Forschungskooperation \| Research collaboration \| Öffentliche Forschung \| Public research \| Technologietransfer \| Technology transfer \| Entrepreneurship \| Entrepreneurship approach