Spinning Out New Ventures: A Typology of Incubation Strategies from European Research Institutions

Posted: 9 Nov 2009

See all articles by Bart Clarysse

Bart Clarysse

ETH Zürich

Mike Wright

Nottingham University Business School

Andy Lockett

Nottingham University Business School (NUBS)

Els Van de Velde

Vlerick Business School

Ajay Vohora

affiliation not provided to SSRN

Date Written: 2005

Abstract

Various incubation strategies for spinning out companies used by European research institutes are examined.The paper focuses on two central issues: (1) a comparison of the goals and objectives of research institutions for creating new spinout ventures, and (2) the various incubation strategies employed to achieve those goals in terms of the resources used and activities undertaken. A two-stage approach is used.First, seven spinout services in five European countries were selected; each research institute has a unique way to stimulate spinouts.Each spinout service and its associated research institute is treated as a unit of analysis.On the basis of in-depth analyses of these seven cases, three distinct incubation models for managing the spinout process are identified: low selective, supportive, and incubator.According to the different incubation models, there are different resource implications in managing the process.Resource and competence differences are identified relating to finance, organization, human resources, technology, network and infrastructure. In the second stage, these incubation models are validated in terms of resources and activities using 43 cases.The process finds two categories that departed from the normative modes: the resource-deficient group and the competence-deficient group. The results identify several reasons why the growing body of accounts of successful technology transfer models may be mistaken.(TNM)

Keywords: Microelectronics industry, University spinoffs, Research centers, Research centers, Incubators, Startups, Technology transfer, University spinouts, Biotechnology industry, Business models, Commercialization, Growth strategies, High technology firms

Suggested Citation

Clarysse, Bart and Wright, Mike and Lockett, Andy and Van de Velde, Els and Vohora, Ajay, Spinning Out New Ventures: A Typology of Incubation Strategies from European Research Institutions (2005). Journal of Business Venturing, Vol. 20, Issue 2, p. 183-216 2005. Available at SSRN: https://ssrn.com/abstract=1501577

Bart Clarysse (Contact Author)

ETH Zürich ( email )

Zürichbergstrasse 18
8092 Zurich, CH-1015
Switzerland

Mike Wright

Nottingham University Business School ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom
+44 115 951 5257 (Phone)
+44 115 951 5204 (Fax)

Andy Lockett

Nottingham University Business School (NUBS) ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom

Els Van de Velde

Vlerick Business School ( email )

Library
REEP 1
Gent, BE-9000
Belgium

Ajay Vohora

affiliation not provided to SSRN

No Address Available

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