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Exploring determinants of life sciences spin-off creation: empirical evidence from the Netherlands

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  • Marianne Van der Steen
  • Roland Ortt
  • Victor Scholten

Abstract

This paper empirically explores the important determinants for the creation of science-based spin-offs. We propose a model in which human capital, technology-based determinants and institutional determinants affect the spin-off creation process. The data are drawn from the BioPartner First Stage Grant, a seed fund to stimulate academic spin-offs in the life sciences. The unique data set covers 68 life sciences spin-off projects. This study explores the determinants of success of these spin-offs in three phases of the spin-off creation process and for the overall process. Empirical evidence shows that an attracting an experienced CEO into the venture positively influences the spin-off creation and leverages the effect of the spin-offs' scientific quality. Furthermore, we find evidence for the role of product potential, Intellectual Property (IP) position and industry experience, which vary during the spin-off creation process. Finally, we discuss managerial and policy implications.

Suggested Citation

  • Marianne Van der Steen & Roland Ortt & Victor Scholten, 2010. "Exploring determinants of life sciences spin-off creation: empirical evidence from the Netherlands," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 10(1), pages 30-48.
    • Handle: RePEc:ids:ijesbu:v:10:y:2010:i:1:p:30-48
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    Cited by:

    1. Liudvika Leisyte, 2015. "Understanding knowledge disclosure of bioscientists," CHEPS Working Papers 201503, University of Twente, Center for Higher Education Policy Studies (CHEPS).

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