The survival of academic spinoff companies: An empircal study of key determinants

Prokop, Daniel ORCID: https://orcid.org/0000-0002-6394-6149, Huggins, Robert ORCID: https://orcid.org/0000-0001-9798-8614 and Bristow, Gillian ORCID: https://orcid.org/0000-0002-5714-8247 2019. The survival of academic spinoff companies: An empircal study of key determinants. International Small Business Journal 37 (5) , pp. 502-535. 10.1177/0266242619833540

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Abstract

The formation of university spinoff companies has been studied extensively, yet limited attention has been devoted to their survival. Consequently, little is known about spinoff’s later stage developments. Spinoff companies exist in university networks where they access resources through different types of actors. However, it remains unclear on which actors specifically these firms should focus their networking efforts, especially in relation to their success. It is also poorly understood how the regional economic environment affects spinoff survival. This article examines the core determinants of survival of academic spinoff companies. The article analyses a unique sample of 870 UK spinoff companies from 81 universities formed between 2002 and 2013. The results show that spinoff company survival is dependent on three core university network actors: investors, external entrepreneurs and technology transfer offices (TTOs). In addition, spinoff companies born into less industrially diversified regions enjoy greater probability of survival.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Geography and Planning (GEOPL)
Publisher:	SAGE
ISSN:	0266-2426
Date of First Compliant Deposit:	29 March 2019
Date of Acceptance:	4 February 2019
Last Modified:	19 Nov 2024 01:30
URI:	https://orca.cardiff.ac.uk/id/eprint/121276

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