Factors Fostering Academics to Start Up New Ventures: An Assessment of Italian Founders' Incentives

23 Pages Posted: 11 Feb 2009 Last revised: 29 Apr 2009

See all articles by Riccardo Fini

Riccardo Fini

University of Bologna - Department of Management; Imperial College London

Rosa Grimaldi

University of Bologna - Department of Management

Maurizio Sobrero

University of Bologna - Department of Management

Date Written: February 11, 2009

Abstract

Why do university researchers decide to start-up a new venture? How can we distinguish between the different factors influencing such an important decision? To what extent are specific policies activated within universities relevant in the process of new venture creation? In this paper we try to answer these very significant questions, through an empirical analysis performed on a sample of 88 Italian academics involved in the creation of 47 spin-offs between 1999 and 2005. Our findings show that the availability of technologies with a potential for commercial exploitation, the possibility to access university infrastructures and the personal benefits are the most important incentives for academics. Implications for public policy and organizational processes are discussed.

Keywords: 031, 032, 038

JEL Classification: Technology transfer, Academic spin-off, Founders' incentives

Suggested Citation

Fini, Riccardo and Grimaldi, Rosa and Sobrero, Maurizio, Factors Fostering Academics to Start Up New Ventures: An Assessment of Italian Founders' Incentives (February 11, 2009). Journal of Technology Transfer, Vol. 34, pp. 380-402, 2009. Available at SSRN: https://ssrn.com/abstract=1340943

Riccardo Fini (Contact Author)

University of Bologna - Department of Management ( email )

Via Terracini 28
Bologna, 40131
Italy

HOME PAGE: http://www.unibo.it/faculty/riccardo.fini

Imperial College London ( email )

South Kensington Campus
London SW7 2AZ, DC
United Kingdom

HOME PAGE: http://www3.imperial.ac.uk/people/r.fini

Rosa Grimaldi

University of Bologna - Department of Management ( email )

Piazza Scaravilli 1
Bologna, Bologna 40126
Italy

Maurizio Sobrero

University of Bologna - Department of Management ( email )

Via Capo di Lucca 34
40126 Bologna, Bologna 40126
Italy
+39 051 2098076 (Phone)

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