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The Role of University Spinout Companies in an Emerging Technology: The Case of Nanotechnology

Posted: 22 Dec 2006  

Dirk Libaers

affiliation not provided to SSRN

Martin S. Meyer

University of Kent, Kent Business School

Aldo Geuna

University of Turin - Department of Economics S. Cognetti de Martiis

Abstract

This study examines the role of university spinout (USO) companies in the emergence of a new technology, in our case nanotechnology. Three unique data-sets based on patents, co-publications, and firm data pertaining to the unfolding field of nanotechnology in the UK were developed. Subsequent analysis suggests that USOs play an important though not a dominant role. Furthermore, the results indicate that USOs in certain subfields of nanotechnology do not have a strong and growing proprietary technology base, raising questions about the commercial sustainability of these ventures. Overall, we observed that USOs are important contributors to technological change in specific subfields of nanotechnology, but that other actors, notably, large firms and (non-university affiliated) new technology-based firms are even more significant agents of technological change.

Keywords: University technology commercialization, Nanotechnology,University Spinout (USO), technological change

JEL Classification: O31, O34

Suggested Citation

Libaers, Dirk and Meyer, Martin S. and Geuna, Aldo, The Role of University Spinout Companies in an Emerging Technology: The Case of Nanotechnology. Journal of Technology Transfer, Vol. 31, pp. 443-450, 2006. Available at SSRN: https://ssrn.com/abstract=953149

Dirk Libaers (Contact Author)

affiliation not provided to SSRN ( email )

No Address Available

Martin S. Meyer

University of Kent, Kent Business School ( email )

Keynes College
Canterbury, Kent CT2 7NP
United Kingdom

Aldo Geuna

University of Turin - Department of Economics S. Cognetti de Martiis ( email )

Torino, 10153
Italy
0039 011 670387 (Phone)

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