Do Academic Spin-Outs Differ and Does it Matter?

Centre for Technology Management (CTM) Working Paper, No. 2003/02

28 Pages Posted: 6 Sep 2011

See all articles by Céline Druilhe

Céline Druilhe

University of Cambridge - Centre for Business Research (CBR)

Elizabeth W. Garnsey

University of Cambridge - Judge Business School

Date Written: October 1, 2003

Abstract

Questioning the widespread tendency to view academic spin-outs as a homogenous category, the paper explores typologies of these companies using a Penrosean conceptualisation of entrepreneurial activity. We initially identify five main types of business activities pursued by academic entrepreneurs, which we revise after analysing a database of Cambridge University spin-outs and real-time exemplars of emerging ventures. The refined typology takes into account the dynamic of the entrepreneurial process. As the business models of ventures evolve they may enter a different category of business activity. We conclude by discussing the academic and practical needs for a better understanding of the heterogeneity of spin-outs, the diversity of which has theoretical and policy implications.

Keywords: University spin-outs, academic entrepreneurship, new ventures, entrepreneurial process, business model evolution, Penrosian resource theory

JEL Classification: D21, L23, M13

Suggested Citation

Druilhe, Céline and Garnsey, Elizabeth W., Do Academic Spin-Outs Differ and Does it Matter? (October 1, 2003). Centre for Technology Management (CTM) Working Paper, No. 2003/02, Available at SSRN: https://ssrn.com/abstract=1923144 or http://dx.doi.org/10.2139/ssrn.1923144

Céline Druilhe

University of Cambridge - Centre for Business Research (CBR) ( email )

Top Floor, Judge Business School Building
Trumpington Street
Cambridge, CB2 1AG
United Kingdom

HOME PAGE: http://www.cbr.cam.ac.uk/people/druilhe.htm

Elizabeth W. Garnsey (Contact Author)

University of Cambridge - Judge Business School ( email )

Trumpington Street
Cambridge, CB2 1AG
United Kingdom
+44 (0) 1223 338183 (Phone)

HOME PAGE: http://www.jims.cam.ac.uk/people/faculty/garnseye.html

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
43
Abstract Views
653
PlumX Metrics