Entrepreneurial Team Development in Academic Spinouts: An Examination of Team Heterogeneity

Posted: 10 Nov 2009

See all articles by Andy Lockett

Andy Lockett

Nottingham University Business School (NUBS)

Nathalie Moray

Ghent University - Department of Management and Entrepreneurship

Rosette S'Jegers

affiliation not provided to SSRN

Iris Vanaelst

Vlerick Business School

Bart Clarysse

ETH Zürich

Date Written: 2006

Abstract

Analyzes the effects of entrepreneurial team dynamics onthe performance of academic spinoffs. First, the definition of entrepreneurialteams is offered, and the link between team structure and performance isexamined. Next, data from a detailed field study of ten academic spinoffs inFlanders are used to explore the central research question. The data indicate that some researchers who are actively involved in thefirst phase of the spinoff process (i.e., market opportunity recognition)choose to stay with the parent firm instead of completing the spinoff process.Other researchers become impatient as the spinoff attempts to prove itsviability and leave the project. Once the spinoff has proven its viability, theremaining researchers stay and take the spinoff to maturity. In other cases,surrogate entrepreneurs are attracted to set up the venture. As a whole, the findings suggest that a team's heterogeneity changes as itevolves through the various stages of the spinoff process. Although newadditions to the team bring unique experiences to the spinoff, they generallyshare the initial team members' view of the business of launching spinoffs.(SAA)

Keywords: Parent firms, Firm gestation, University spinouts, Startups, Colleges & universities, Firm performance, Entrepreneurial teams, Teamwork

Suggested Citation

Lockett, Andy and Moray, Nathalie and S'Jegers, Rosette and Vanaelst, Iris and Clarysse, Bart, Entrepreneurial Team Development in Academic Spinouts: An Examination of Team Heterogeneity (2006). Entrepreneurship Theory and Practice, Vol. 30, Issue 2, p. 249-271 2006. Available at SSRN: https://ssrn.com/abstract=1503256

Andy Lockett (Contact Author)

Nottingham University Business School (NUBS) ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom

Nathalie Moray

Ghent University - Department of Management and Entrepreneurship ( email )

Ghent, 9000
Belgium

HOME PAGE: http://www.feb.ugent.be/maneco/eng/homepage.asp?number=801001288137

Rosette S'Jegers

affiliation not provided to SSRN

No Address Available

Iris Vanaelst

Vlerick Business School ( email )

Library
REEP 1
Gent, BE-9000
Belgium

Bart Clarysse

ETH Zürich ( email )

Zürichbergstrasse 18
8092 Zurich, CH-1015
Switzerland

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