Value Creation from the Innovation Environment: Partnership Strategies in University Spin‐Outs

15 Pages Posted: 27 Feb 2013

See all articles by Sarah J. Lubik

Sarah J. Lubik

University of Cambridge - Centre for Technology Management

Elizabeth W. Garnsey

University of Cambridge - Judge Business School

Tim Minshall

University of Cambridge - Institute for Manufacturing

Ken Platts

University of Cambridge - Institute for Manufacturing

Date Written: March 2013

Abstract

University spin‐out (USO) companies play an increasingly important role in generating value from radical, generic technologies, but this translation requires significant resources from other players to reach the market. Seven case studies illuminate how relationships with each type of partner can be leveraged to help the firm create value. We find that most firms in the sample are aware of the importance of corporate partners and actively seek to cultivate these relationships, but may not be taking full advantage of the resources available through nonparent academic institutions and other USOs with similar or complementary technologies.

Suggested Citation

Lubik, Sarah J. and Garnsey, Elizabeth W. and Minshall, Tim and Platts, Ken, Value Creation from the Innovation Environment: Partnership Strategies in University Spin‐Outs (March 2013). R&D Management, Vol. 43, Issue 2, pp. 136-150, 2013, Available at SSRN: https://ssrn.com/abstract=2225707 or http://dx.doi.org/10.1111/radm.12006

Sarah J. Lubik (Contact Author)

University of Cambridge - Centre for Technology Management ( email )

Engineering Department
Trumpington Street
Cambridge, CB2 1PZ
United Kingdom

HOME PAGE: http://www.ifm.eng.cam.ac.uk/people/sjl69/

Elizabeth W. Garnsey

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

Tim Minshall

University of Cambridge - Institute for Manufacturing ( email )

17 Charles Babbage Road
Cambridge, CB3 0FS
United Kingdom

Ken Platts

University of Cambridge - Institute for Manufacturing ( email )

17 Charles Babbage Road
Cambridge, CB3 0FS
United Kingdom

HOME PAGE: http://www.ifm.eng.cam.ac.uk/people/kwp/

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