IDEAS home Printed from https://ideas.repec.org/a/eee/jobuve/v19y2023ics2352673423000240.html
   My bibliography  Save this article

Explaining the stage of product in pre-seed academic startup ventures: An empirical analysis using monitoring data from a German startup support program

Author

Listed:
  • Mueller, Christoph E.

Abstract

A central prerequisite for market entry and the subsequent economic performance of academic startup ventures is that the product on which the business model is based must be sufficiently well developed. The present research aims to provide answers in the quest to identify the explanatory factors in the development stage of the product of academic spin-offs in the pre-seed phase of their ventures. This is based on various factors that play a role in the innovation process and the development of new products – including characteristics of the project, characteristics of the R&D work and business model development, previous freelance experience, networking, financing, and technology field. The empirical analysis of data from academic startup ventures enrolled in a large German startup support program – using structural equation modeling – revealed both direct and indirect statistically significant effects, showing that a large proportion of the selected variables can be employed to explain the development stage of the product. The findings indicate that the R&D work stage has a medium-sized effect, while business model development stage, the degree of networking, project feasibility, and previous freelance experience connected with the product all have small effects.

Suggested Citation

  • Mueller, Christoph E., 2023. "Explaining the stage of product in pre-seed academic startup ventures: An empirical analysis using monitoring data from a German startup support program," Journal of Business Venturing Insights, Elsevier, vol. 19(C).
    • Handle: RePEc:eee:jobuve:v:19:y:2023:i:c:s2352673423000240
    DOI: 10.1016/j.jbvi.2023.e00395
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2352673423000240
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbvi.2023.e00395?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Gianvito Lanzolla & Constantinos Markides, 2021. "A Business Model View of Strategy," Journal of Management Studies, Wiley Blackwell, vol. 58(2), pages 540-553, March.
    2. Dziallas, Marisa & Blind, Knut, 2019. "Innovation indicators throughout the innovation process: An extensive literature analysis," Technovation, Elsevier, vol. 80, pages 3-29.
    3. Claudia De Fuentes & Gabriela Dutrenit & Fernando Santiago & Natalia Gras, 2015. "Determinants of Innovation and Productivity in the Service Sector in Mexico," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 51(3), pages 578-592, May.
    4. Kahn, Kenneth B., 2018. "Understanding innovation," Business Horizons, Elsevier, vol. 61(3), pages 453-460.
    5. Sérgio Nunes & Raul Lopes & Nerys Fuller-Love, 2019. "Networking, Innovation, and Firms’ Performance: Portugal as Illustration," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(3), pages 899-920, September.
    6. Patrick Royston, 2004. "Multiple imputation of missing values," Stata Journal, StataCorp LP, vol. 4(3), pages 227-241, September.
    7. Francisco Javier Miranda & Antonio Chamorro & Sergio Rubio, 2018. "Re-thinking university spin-off: a critical literature review and a research agenda," The Journal of Technology Transfer, Springer, vol. 43(4), pages 1007-1038, August.
    8. Michael Stuetzer & Martin Obschonka & Per Davidsson & Eva Schmitt-Rodermund, 2013. "Where do entrepreneurial skills come from?," Applied Economics Letters, Taylor & Francis Journals, vol. 20(12), pages 1183-1186, August.
    9. Vincett, P.S., 2010. "The economic impacts of academic spin-off companies, and their implications for public policy," Research Policy, Elsevier, vol. 39(6), pages 736-747, July.
    10. Stefan Marc Hossinger & Xiangyu Chen & Arndt Werner, 2020. "Drivers, barriers and success factors of academic spin-offs: a systematic literature review," Management Review Quarterly, Springer, vol. 70(1), pages 97-134, February.
    11. Daojuan Wang & Thomas Schøtt, 2022. "Coupling between financing and innovation in a startup: embedded in networks with investors and researchers," International Entrepreneurship and Management Journal, Springer, vol. 18(1), pages 327-347, March.
    12. Mark R. Ayoub & Sandra Gottschalk & Bettina Müller, 2017. "Impact of public seed-funding on academic spin-offs," The Journal of Technology Transfer, Springer, vol. 42(5), pages 1100-1124, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mueller, Christoph E., 2023. "Startup grants and the development of academic startup projects during funding: Quasi-experimental evidence from the German ‘EXIST – Business startup grant’," Journal of Business Venturing Insights, Elsevier, vol. 20(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mueller, Christoph E., 2023. "Startup grants and the development of academic startup projects during funding: Quasi-experimental evidence from the German ‘EXIST – Business startup grant’," Journal of Business Venturing Insights, Elsevier, vol. 20(C).
    2. Rodeiro-Pazos, David & Fernández-López, Sara & Rodríguez-Gulías, María Jesús & Dios-Vicente, Adrián, 2021. "Size and survival: An analysis of the university spin-offs," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    3. Lee, Kyootai & Jung, Hyun Ju, 2024. "What makes universities build academic spin-offs more successfully? A theory-based triangulation of quantitative studies based on meta-analyses," Journal of Business Venturing Insights, Elsevier, vol. 21(C).
    4. Joaquín M. Azagra-Caro & Carlos Benito-Amat & Ester Planells-Aleixandre, 2022. "Academic artists’ engagement and commercialisation," The Journal of Technology Transfer, Springer, vol. 47(4), pages 1273-1296, August.
    5. Bahuleyan, Athira & Chavan, Meena & Krzeminska, Anna & Chirico, Francesco, 2024. "Process and variance research: Integrating research on university spinoff evolution," Technovation, Elsevier, vol. 130(C).
    6. Danilo Boffa & Antonio Prencipe, 2021. "The Emerging Contextual Effect of University Spin-offs and its Role in Spurring Innovation in Regional Area," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 11(6), pages 1-3.
    7. Huynh Evertsen, Phuc & Rasmussen, Einar & Nenadic, Oleg, 2022. "Commercializing circular economy innovations: A taxonomy of academic spin-offs," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
    8. Richard Blaese & Schneider Noemi & Liebig Brigitte, 2021. "Should I Stay, or Should I Go? Job satisfaction as a moderating factor between outcome expectations and entrepreneurial intention among academics," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1357-1386, September.
    9. Fasano, Francesco & Rocca, Maurizio La & Cariola, Alfio & Passarelli, Mariacarmela, 2023. "Banking relationship and research spin-offs’ life cycle: The Italian experience," Research in International Business and Finance, Elsevier, vol. 65(C).
    10. Rammer, Christian & Es-Sadki, Nordine, 2023. "Using big data for generating firm-level innovation indicators - a literature review," Technological Forecasting and Social Change, Elsevier, vol. 197(C).
    11. Rammer, Christian, 2023. "Measuring process innovation output in firms: Cost reduction versus quality improvement," Technovation, Elsevier, vol. 124(C).
    12. Luciano D’Amico & Danilo Boffa & Antonio Prencipe, 2022. "University Technology Transfer and the Contribution of University Spin-offs in Stimulating the Socio-economic Development of Regions," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 12(5), pages 1-2.
    13. Uwe Cantner & Philip Doerr & Maximilian Goethner & Matthias Huegel & Martin Kalthaus, 2024. "A procedural perspective on academic spin-off creation: the changing relative importance of the academic and the commercial sphere," Small Business Economics, Springer, vol. 62(4), pages 1555-1590, April.
    14. Andonova, Veneta & Losada-Otálora, Mauricio, 2020. "Understanding the interplay between brand and innovation orientation: Evidence from emerging multinationals," Journal of Business Research, Elsevier, vol. 119(C), pages 540-552.
    15. Silva, Lucas Emmanuel Nascimento & Gomes, Leonardo Augusto de Vasconcelos & Faria, Aline Mariane de & Borini, Felipe Mendes, 2024. "Innovation processes in ecosystem settings: An integrative framework and future directions," Technovation, Elsevier, vol. 132(C).
    16. Toledano, Nuria & Gonzalez-Sanz, Juan D., 2024. "Beyond the good and the right: Rethinking the ethics of academic entrepreneurship from a relational perspective," Research Policy, Elsevier, vol. 53(2).
    17. Duygu Buyukyazici & Francesco Serti, 2022. "Religiosity and Innovation Attitudes: An Instrumental Variables Analysis," Papers 2206.00509, arXiv.org, revised Jun 2022.
    18. Alice Civera & Michele Meoli, 2023. "Empowering female entrepreneurs through university affiliation: evidence from Italian academic spinoffs," Small Business Economics, Springer, vol. 61(3), pages 1337-1355, October.
    19. Stefan Hossinger & Jörn Block & Xiangyu Chen & Arndt Werner, 2023. "Venture creation patterns in academic entrepreneurship: the role of founder motivations," The Journal of Technology Transfer, Springer, vol. 48(1), pages 68-125, February.
    20. Sunyoung Park, 2019. "Identification of Overall Innovation Behavior by Using a Decision Tree: The Case of a Korean Manufacturer," Sustainability, MDPI, vol. 11(22), pages 1-54, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jobuve:v:19:y:2023:i:c:s2352673423000240. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/journal-of-business-venturing-insights .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.