Title
Policy principles for the creation and success of corporate and academic spin-offs
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Calcutta ,
Subject
Economics
Mathematics
Source (journal)
Technovation / Union Carbide. Chemicals Division. - Calcutta
Volume/pages
30(2010) :1 , p. 12-23
ISSN
0166-4972
ISI
000272918800002
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
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 spinoffs 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. (C) 2009 Elsevier Ltd. All rights reserved.
E-info
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