Title
Success factors in new product development: how do they apply to company characteristics of academic spin-offs? Success factors in new product development: how do they apply to company characteristics of academic spin-offs?
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
London ,
Subject
Economics
Source (journal)
The journal of private equity. - London
Volume/pages
13(2009) :1 , p. 51-61
ISSN
1096-5572
vabb
c:vabb:268835
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
The specific characteristics of academic spin-offs might yield (dis)advantages in specific circumstances over portfolio firms when considering New Product Development (NPD) trajectories. This article aims to tackle that issue. Based on 17 Belgian cases, the authors explore under which circumstances NPD has more promising prospects in academic spin-offs or portfolio companies. The conclusion is that academic spin-offs can provide added value in translating research results into new products under very specific circumstances, especially when the market(ing) issue is tackled soundly. In different situations, other commercialization modes, such as portfolio companies, might be better suitable and provide more benefit to both the company and the mother organization
Handle