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Devrim Göktepe-Hultén. Photo.

Devrim Göktepe-Hultén

Senior lecturer

Devrim Göktepe-Hultén. Photo.

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

Author

  • Viktor Slavtchev
  • Devrim Göktepe-Hultén

Summary, in English

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.

Department/s

  • Department of Business Administration

Publishing year

2016-12-01

Language

English

Pages

1507-1525

Publication/Series

Journal of Technology Transfer

Volume

41

Issue

6

Document type

Journal article

Publisher

Springer

Topic

  • Business Administration

Keywords

  • Academic entrepreneurship
  • Commercialization
  • Support
  • Time to market
  • TTO

Status

Published

ISBN/ISSN/Other

  • ISSN: 0892-9912