IDEAS home Printed from https://ideas.repec.org/a/eee/teinso/v72y2023ics0160791x22003359.html
   My bibliography  Save this article

The role of government-industry-academia partnership in business incubation: Evidence from new R&D institutions in China

Author

Listed:
  • Zhou, Junbi
  • Wang, Mingyue

Abstract

it is very important to encourage the incubation of new companies for innovative economic growth. Many countries in the world are encouraging “innovation orchards” in the form of government-industry-academia partnership to facilitate the incubation of new technology enterprises. The research focuses on the impact of this partnership between the government, industry, and academia in establishing new R&D institutions on business incubation. Specifically, the research aims to investigate what is the separate effect of the government, enterprises, universities, and public institutions in the establishment of new R&D institutions on enterprise incubation, and the role of cooperation between government-enterprise-academia in the enterprise incubation of new R&D institutions. In empirical tests using data from the 2020 official survey of the Ministry of Science and Technology of China, the results show that for each single cooperator, participation in the establishment of governments, academia has a positive impact on start-ups, while the participation of enterprises has no significant impact. In terms of cooperation, the co-established new R&D institutions are better in business incubation than the single establishment of new R&D institutions. The cooperation between government and academia in the establishment of new R&D institutions has a positive effect on business incubation, and other types of cooperation between government-industry, industry-academia, and government-industry-academia have no significant impact on business incubation. The research conclusion can provide a policy reference for optimizing the holding mode of new R&D institutions.

Suggested Citation

  • Zhou, Junbi & Wang, Mingyue, 2023. "The role of government-industry-academia partnership in business incubation: Evidence from new R&D institutions in China," Technology in Society, Elsevier, vol. 72(C).
    • Handle: RePEc:eee:teinso:v:72:y:2023:i:c:s0160791x22003359
    DOI: 10.1016/j.techsoc.2022.102194
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0160791X22003359
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techsoc.2022.102194?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. De Silva, Muthu & Howells, Jeremy & Meyer, Martin, 2018. "Innovation intermediaries and collaboration: Knowledge–based practices and internal value creation," Research Policy, Elsevier, vol. 47(1), pages 70-87.
    2. Tao Zhuang & Zhixia Zhou & Qingjun Li, 2021. "University‐industry‐government triple helix relationship and regional innovation efficiency in China," Growth and Change, Wiley Blackwell, vol. 52(1), pages 349-370, March.
    3. Lin, Han & Zeng, Saixing & Liu, Haijian & Li, Chao, 2016. "How do intermediaries drive corporate innovation? A moderated mediating examination," Journal of Business Research, Elsevier, vol. 69(11), pages 4831-4836.
    4. Meifang Li & Lerong He & Yongxiang Zhao, 2020. "The triple helix system and regional entrepreneurship in China," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 32(7-8), pages 508-530, August.
    5. Guo, Di & Guo, Yan & Jiang, Kun, 2022. "Government R&D support and firms’ access to external financing: funding effects, certification effects, or both?," Technovation, Elsevier, vol. 115(C).
    6. Dirk Czarnitzki & Federico Etro & Kornelius Kraft, 2014. "Endogenous Market Structures and Innovation by Leaders: An Empirical Test," Economica, London School of Economics and Political Science, vol. 81(321), pages 117-139, January.
    7. Fini, Riccardo & Grimaldi, Rosa & Santoni, Simone & Sobrero, Maurizio, 2011. "Complements or substitutes? The role of universities and local context in supporting the creation of academic spin-offs," Research Policy, Elsevier, vol. 40(8), pages 1113-1127, October.
    8. Claire Champenois & Henry Etzkowitz, 2018. "From boundary line to boundary space: The creation of hybrid organizations as a Triple Helix micro-foundation," Post-Print hal-01988410, HAL.
    9. Kwangsoo Shin & Sang Ji Kim & Gunno Park, 2016. "How does the partner type in R&D alliances impact technological innovation performance? A study on the Korean biotechnology industry," Asia Pacific Journal of Management, Springer, vol. 33(1), pages 141-164, March.
    10. Altaf Hussain Samo & Noor Ul Huda, 2019. "Triple Helix and academic entrepreneurial intention: understanding motivating factors for academic spin-off among young researchers," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-15, December.
    11. van Rijnsoever, Frank J. & Eveleens, Chris P., 2021. "Money Don't matter? How incubation experience affects start-up entrepreneurs' resource valuation," Technovation, Elsevier, vol. 106(C).
    12. Mike Burbridge & Gregory M. Morrison, 2021. "A Systematic Literature Review of Partnership Development at the University–Industry–Government Nexus," Sustainability, MDPI, vol. 13(24), pages 1-24, December.
    13. Xu, Luyun & Zeng, Deming, 2021. "When does the diverse partnership of R&D alliances promote new product development? The contingent effect of the knowledge base," Technology in Society, Elsevier, vol. 65(C).
    14. Damiano Bonardo & Stefano Paleari & Silvio Vismara, 2010. "The M&A dynamics of European science-based entrepreneurial firms," The Journal of Technology Transfer, Springer, vol. 35(1), pages 141-180, February.
    15. Wu, Aihua, 2017. "The signal effect of Government R&D Subsidies in China: Does ownership matter?," Technological Forecasting and Social Change, Elsevier, vol. 117(C), pages 339-345.
    16. Riccardo Fini & Kun Fu & Marius Tuft Mathisen & Einar Rasmussen & Mike Wright, 2017. "Institutional determinants of university spin-off quantity and quality: a longitudinal, multilevel, cross-country study," Small Business Economics, Springer, vol. 48(2), pages 361-391, February.
    17. O'Shea, Rory P. & Allen, Thomas J. & Chevalier, Arnaud & Roche, Frank, 2005. "Entrepreneurial orientation, technology transfer and spinoff performance of U.S. universities," Research Policy, Elsevier, vol. 34(7), pages 994-1009, September.
    18. Thorgren, Sara & Wincent, Joakim & Eriksson, Jessica, 2011. "Too small or too large to trust your partners in multipartner alliances? The role of effort in initiating generalized exchanges," Scandinavian Journal of Management, Elsevier, vol. 27(1), pages 99-112, March.
    19. Marijn A. Weele & Frank J. Rijnsoever & Menno Groen & Ellen H. M. Moors, 2020. "Gimme shelter? Heterogeneous preferences for tangible and intangible resources when choosing an incubator," The Journal of Technology Transfer, Springer, vol. 45(4), pages 984-1015, August.
    20. Wang, Zhaoxing & He, Qile & Xia, Senmao & Sarpong, David & Xiong, Ailun & Maas, Gideon, 2020. "Capacities of business incubator and regional innovation performance," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
    21. Chen, Jin & Heng, Cheng Suang & Tan, Bernard C.Y. & Lin, Zhijie, 2018. "The distinct signaling effects of R&D subsidy and non-R&D subsidy on IPO performance of IT entrepreneurial firms in China," Research Policy, Elsevier, vol. 47(1), pages 108-120.
    22. Bray, Michael J. & Lee, James N., 2000. "University revenues from technology transfer: Licensing fees vs. equity positions," Journal of Business Venturing, Elsevier, vol. 15(5-6), pages 385-392.
    23. Champenois, Claire & Etzkowitz, Henry, 2018. "From boundary line to boundary space: The creation of hybrid organizations as a Triple Helix micro-foundation," Technovation, Elsevier, vol. 76, pages 28-39.
    24. Choonwoo Lee & Kyungmook Lee & Johannes M. Pennings, 2001. "Internal capabilities, external networks, and performance: a study on technology‐based ventures," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 615-640, June.
    25. John Stayton & Vincent Mangematin, 2019. "Seed accelerators and the speed of new venture creation," The Journal of Technology Transfer, Springer, vol. 44(4), pages 1163-1187, August.
    26. Guo, Di & Guo, Yan & Jiang, Kun, 2016. "Government-subsidized R&D and firm innovation: Evidence from China," Research Policy, Elsevier, vol. 45(6), pages 1129-1144.
    27. Sean Nicholson, 2005. "Biotech-Pharmaceutical Alliances as a Signal of Asset and Firm Quality," The Journal of Business, University of Chicago Press, vol. 78(4), pages 1433-1464, July.
    28. Mouri, Nacef & Sarkar, M.B. & Frye, Melissa, 2012. "Alliance portfolios and shareholder value in post-IPO firms: The moderating roles of portfolio structure and firm-level uncertainty," Journal of Business Venturing, Elsevier, vol. 27(3), pages 355-371.
    29. Hyejin Jung & Byung-Keun Kim, 2018. "Determinant factors of university spin-off: the case of Korea," The Journal of Technology Transfer, Springer, vol. 43(6), pages 1631-1646, December.
    30. Douglas Staiger & James H. Stock, 1997. "Instrumental Variables Regression with Weak Instruments," Econometrica, Econometric Society, vol. 65(3), pages 557-586, May.
    31. Min-Ren Yan & Kuo-Ming Chien & Lin-Ya Hong & Tai-Ning Yang, 2018. "Evaluating the Collaborative Ecosystem for an Innovation-Driven Economy: A Systems Analysis and Case Study of Science Parks," Sustainability, MDPI, vol. 10(3), pages 1-13, March.
    32. Kim, Younghwan & Kim, Wonjoon & Yang, Taeyong, 2012. "The effect of the triple helix system and habitat on regional entrepreneurship: Empirical evidence from the U.S," Research Policy, Elsevier, vol. 41(1), pages 154-166.
    33. Doblinger, Claudia & Surana, Kavita & Anadon, Laura Diaz, 2019. "Governments as partners: The role of alliances in U.S. cleantech startup innovation," Research Policy, Elsevier, vol. 48(6), pages 1458-1475.
    34. Negassi, S., 2004. "R&D co-operation and innovation a microeconometric study on French firms," Research Policy, Elsevier, vol. 33(3), pages 365-384, April.
    35. Adonai José Lacruz, 2016. "Governance for Partnership Sustainability: An Approach from the Agency Theory," Innovation, Technology, and Knowledge Management, in: Marta Peris-Ortiz & João J. Ferreira & Luís Farinha & Nuno O. Fernandes (ed.), Multiple Helix Ecosystems for Sustainable Competitiveness, chapter 0, pages 27-43, Springer.
    36. Lai, Wen-Hsiang & Lin, Chiu-Ching, 2015. "Constructing business incubation service capabilities for tenants at post-entrepreneurial phase," Journal of Business Research, Elsevier, vol. 68(11), pages 2285-2289.
    37. Polzin, Friedemann & von Flotow, Paschen & Klerkx, Laurens, 2016. "Addressing barriers to eco-innovation: Exploring the finance mobilisation functions of institutional innovation intermediaries," Technological Forecasting and Social Change, Elsevier, vol. 103(C), pages 34-46.
    38. BagheriMoghadam, Naser & Hosseini, Seyed Hossein & SahafZadeh, Mahdi, 2012. "An analysis of the industry–government–university relationships in Iran's power sector: A benchmarking approach," Technology in Society, Elsevier, vol. 34(4), pages 284-294.
    39. Carmen Weigelt, 2009. "The impact of outsourcing new technologies on integrative capabilities and performance," Strategic Management Journal, Wiley Blackwell, vol. 30(6), pages 595-616, June.
    40. Paul Swamidass, 2013. "University startups as a commercialization alternative: lessons from three contrasting case studies," The Journal of Technology Transfer, Springer, vol. 38(6), pages 788-808, December.
    41. Nobuya Fukugawa, 2018. "Is the impact of incubator’s ability on incubation performance contingent on technologies and life cycle stages of startups?: evidence from Japan," International Entrepreneurship and Management Journal, Springer, vol. 14(2), pages 457-478, June.
    42. de Leeuw, Tim & Lokshin, Boris & Duysters, Geert, 2014. "Returns to alliance portfolio diversity: The relative effects of partner diversity on firm's innovative performance and productivity," Journal of Business Research, Elsevier, vol. 67(9), pages 1839-1849.
    43. Landry, Rejean & Amara, Nabil & Rherrad, Imad, 2006. "Why are some university researchers more likely to create spin-offs than others? Evidence from Canadian universities," Research Policy, Elsevier, vol. 35(10), pages 1599-1615, December.
    44. Yakob, Ramsin & Nakamura, H. Richard & Ström, Patrik, 2018. "Chinese foreign acquisitions aimed for strategic asset-creation and innovation upgrading: The case of Geely and Volvo Cars," Technovation, Elsevier, vol. 70, pages 59-72.
    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. González-Martinez, Paulina & García-Pérez-De-Lema, Domingo & Castillo-Vergara, Mauricio & Hansen, Peter Bent, 2023. "Determinants and performance of the quadruple helix model and the mediating role of civil society," Technology in Society, Elsevier, vol. 75(C).
    2. Li, Beili & Fan, Xu & Li, Jianjiang, 2024. "Natural resource dependence and government-guided social forces participation in R&D investment: An analysis of the resource curse hypothesis," Resources Policy, Elsevier, vol. 89(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. Bahuleyan, Athira & Chavan, Meena & Krzeminska, Anna & Chirico, Francesco, 2024. "Process and variance research: Integrating research on university spinoff evolution," Technovation, Elsevier, vol. 130(C).
    2. Christopher S. Hayter & Andrew J. Nelson & Stephanie Zayed & Alan C. O’Connor, 2018. "Conceptualizing academic entrepreneurship ecosystems: a review, analysis and extension of the literature," The Journal of Technology Transfer, Springer, vol. 43(4), pages 1039-1082, August.
    3. Kou, Mingting & Yang, Yuanqi & Chen, Kaihua, 2020. "The impact of external R&D financing on innovation process from a supply-demand perspective," Economic Modelling, Elsevier, vol. 92(C), pages 375-387.
    4. Baier-Fuentes, Hugo & Guerrero, Maribel & Amorós, José Ernesto, 2021. "Does triple helix collaboration matter for the early internationalisation of technology-based firms in emerging Economies?," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    5. Tao, Zhuang & Shuliang, Zhao, 2022. "Collaborative innovation relationship in Yangtze River Delta of China: Subjects collaboration and spatial correlation," Technology in Society, Elsevier, vol. 69(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. Carolin Bock & Alexander Huber & Svenja Jarchow, 2018. "Growth factors of research-based spin-offs and the role of venture capital investing," The Journal of Technology Transfer, Springer, vol. 43(5), pages 1375-1409, October.
    8. 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.
    9. Christian Corsi, 2018. "Il ruolo degli spin-off universitari nel contesto socio-economico locale: analisi degli indicatori di performance e innovazione," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2018(1), pages 73-94.
    10. Christian Sandström & Karl Wennberg & Martin W. Wallin & Yulia Zherlygina, 2018. "Public policy for academic entrepreneurship initiatives: a review and critical discussion," The Journal of Technology Transfer, Springer, vol. 43(5), pages 1232-1256, October.
    11. Luo, Lianfa & Cheng, Zhiming & Ye, Qingqing & Cheng, Yanjun & Smyth, Russell & Yang, Zhiqing & Zhang, Le, 2024. "Nonmonetary awards and innovation: Evidence from winning China's Top Brand Contest," China Economic Review, Elsevier, vol. 86(C).
    12. Mario BENASSI & Matteo LANDONI & Francesco RENTOCCHINI, 2017. "University Management Practices and Academic Spin-offs," Departmental Working Papers 2017-11, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    13. 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).
    14. Lee, Cheng-Yu & Wang, Ming-Chao & Huang, Yen-Chih, 2015. "The double-edged sword of technological diversity in R&D alliances: Network position and learning speed as moderators," European Management Journal, Elsevier, vol. 33(6), pages 450-461.
    15. Riviezzo, Angelo & Santos, Susana C. & Liñán, Francisco & Napolitano, Maria Rosaria & Fusco, Floriana, 2019. "European universities seeking entrepreneurial paths: the moderating effect of contextual variables on the entrepreneurial orientation-performance relationship," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 232-248.
    16. Giuliano Sansone & Daniele Battaglia & Paolo Landoni & Emilio Paolucci, 2021. "Academic spinoffs: the role of entrepreneurship education," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 369-399, March.
    17. Hyejin Jung & Byung-Keun Kim, 2018. "Determinant factors of university spin-off: the case of Korea," The Journal of Technology Transfer, Springer, vol. 43(6), pages 1631-1646, December.
    18. Shaopeng Zhang & Xiaohong Wang, 2022. "Effects of Local Government Behavior on University–Enterprise Knowledge Flow: Evidence from China," Sustainability, MDPI, vol. 14(18), pages 1-16, September.
    19. Brian J. Bergman & Jeffery S. McMullen, 2022. "Helping Entrepreneurs Help Themselves: A Review and Relational Research Agenda on Entrepreneurial Support Organizations," Entrepreneurship Theory and Practice, , vol. 46(3), pages 688-728, May.
    20. Altaf Hussain Samo & Noor Ul Huda, 2019. "Triple Helix and academic entrepreneurial intention: understanding motivating factors for academic spin-off among young researchers," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-15, December.

    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:teinso:v:72:y:2023:i:c:s0160791x22003359. 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/technology-in-society .

    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.