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

Author

Listed:
  • Dirk Libaers
  • Martin Meyer
  • Aldo Geuna

Abstract

This study examines the role of university spin-out (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. Copyright Springer Science+Business Media, LLC 2006

Suggested Citation

  • Dirk Libaers & Martin Meyer & Aldo Geuna, 2006. "The Role of University Spinout Companies in an Emerging Technology: The Case of Nanotechnology," The Journal of Technology Transfer, Springer, vol. 31(4), pages 443-450, July.
    • Handle: RePEc:kap:jtecht:v:31:y:2006:i:4:p:443-450
    DOI: 10.1007/s10961-006-0005-9
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    Citations

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    Cited by:

    1. James Cunningham & Paul O’Reilly & Conor O’Kane & Vincent Mangematin, 2014. "The inhibiting factors that principal investigators experience in leading publicly funded research," The Journal of Technology Transfer, Springer, vol. 39(1), pages 93-110, February.
    2. Can Huang & Ad Notten & Nico Rasters, 2011. "Nanoscience and technology publications and patents: a review of social science studies and search strategies," The Journal of Technology Transfer, Springer, vol. 36(2), pages 145-172, April.
    3. Christopher Palmberg, 2008. "The transfer and commercialisation of nanotechnology: a comparative analysis of university and company researchers," The Journal of Technology Transfer, Springer, vol. 33(6), pages 631-652, December.
    4. Martin Meyer, 2007. "What do we know about innovation in nanotechnology? Some propositions about an emerging field between hype and path-dependency," Scientometrics, Springer;Akadémiai Kiadó, vol. 70(3), pages 779-810, March.
    5. David P. Leech & John T. Scott, 2017. "Nanotechnology documentary standards," The Journal of Technology Transfer, Springer, vol. 42(1), pages 78-97, February.
    6. James Cunningham & Paul O'Reilly & Conor O'Kane & Vincent Mangematin, 2014. "The inhibiting factors that principal investigators experience in leading publicly funded research projects," Post-Print hal-00756228, HAL.
    7. Pinaki Nandan Pattnaik & Satyendra C. Pandey, 2016. "Revisiting University Spinoffs: Conceptual Advancements and Theoretical Underpinnings," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 13(01), pages 1-13, February.
    8. Theologou, Kostas & Michaelides, Panayotis G., 2008. "Technology Transfer in Academia : The Case of National Technical University of Athens (A Brief Sketch)," MPRA Paper 74476, University Library of Munich, Germany.
    9. Gotsopoulos, Aleksios & Pitsakis, Konstantinos, 2024. "United we stand? Organizational groups and spinoff mortality in the context of academic entrepreneurship," Journal of Business Venturing, Elsevier, vol. 39(1).
    10. Mario Coccia & Ugo Finardi & Diego Margon, 2010. "Research trends in nanotechnology studies across geo-economic areas," CERIS Working Paper 201005, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    11. So Sohn & Mooyeob Lee, 2012. "Conjoint analysis of R&D contract agreements for industry-funded university research," The Journal of Technology Transfer, Springer, vol. 37(4), pages 532-549, August.
    12. James Cunningham & Paul O'Reilly & Conor O'Kane & Vincent Mangematin, 2014. "The inhibiting factors that principal investigators experience in leading publicly funded research projects," Grenoble Ecole de Management (Post-Print) hal-00756228, HAL.
    13. repec:hal:wpaper:hal-00756228 is not listed on IDEAS
    14. Haessler, Philipp & Giones, Ferran & Brem, Alexander, 2023. "The who and how of commercializing emerging technologies: A technology-focused review," Technovation, Elsevier, vol. 121(C).
    15. 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.
    16. repec:hal:gemwpa:hal-00756228 is not listed on IDEAS
    17. Markus A. Kirchberger & Larissa Pohl, 2016. "Technology commercialization: a literature review of success factors and antecedents across different contexts," The Journal of Technology Transfer, Springer, vol. 41(5), pages 1077-1112, October.

    More about this item

    Keywords

    University technology commercialization; Nanotechnology; University Spinout (USO); technological change; O31; O34;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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