IDEAS home Printed from https://ideas.repec.org/a/spr/jknowl/v15y2024i2d10.1007_s13132-023-01390-x.html
   My bibliography  Save this article

The Role of Higher Education Institutions (HEI) in Academic Spin-off Creation: A Cooperation Perspective

Author

Listed:
  • Ana Pacheco

    (University of Beira Interior, Estrada Do Sineiro)

  • Mário Franco

    (University of Beira Interior, CEFAGE-UBI Research Center, Estrada Do Sineiro)

Abstract

Cooperation between Higher Education Institutions and Enterprises (HEI-E-C) is extremely relevant in regional economic development. Therefore, this study aims to understand the role of HEI in academic spin-off creation. To achieve this objective, we adopted the qualitative approach (case study method) and focused on a cooperation relation involving a Portuguese HEI and two academic spin-offs. For data collecting, several interviews with key informants and direct observation were used. Content analysis of the interviews with founders of these academic spin-offs and lecturers teaching the curricular unit of entrepreneurship in the HEI studied, the results identified some essential aspects to understand this type of cooperation (HEI-E): (1) the role of academic entrepreneurship and its importance in the growth of spin-offs for regional economic growth, (2) the influence of academic entrepreneurs’ characteristics in the process of creating a spin-off, and (3) academic motivations to create spin-offs and the benefits of cooperation with HEIs. This study also presents implications for theory and educational and business practice.

Suggested Citation

  • Ana Pacheco & Mário Franco, 2024. "The Role of Higher Education Institutions (HEI) in Academic Spin-off Creation: A Cooperation Perspective," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 7523-7541, June.
  • Handle: RePEc:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01390-x
    DOI: 10.1007/s13132-023-01390-x
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s13132-023-01390-x
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s13132-023-01390-x?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. Fernández-Pérez, Virginia & Alonso-Galicia, Patricia Esther & Rodríquez-Ariza, Lázaro & Fuentes-Fuentes, María del Mar, 2015. "Professional and personal social networks: A bridge to entrepreneurship for academics?," European Management Journal, Elsevier, vol. 33(1), pages 37-47.
    2. Mario Franco, 2011. "Performance in strategic alliances: an analysis of objective and subjective measures," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 3(1), pages 84-100.
    3. Cyrine Ben-Hafaïedh & Alessandra Micozzi & Pierpaolo Pattitoni, 2018. "Academic spin-offs’ entrepreneurial teams and performance: a subgroups approach," The Journal of Technology Transfer, Springer, vol. 43(3), pages 714-733, June.
    4. Andreas Rauch & Johan Wiklund & G.T. Lumpkin & Michael Frese, 2009. "Entrepreneurial Orientation and Business Performance: An Assessment of past Research and Suggestions for the Future," Entrepreneurship Theory and Practice, , vol. 33(3), pages 761-787, May.
    5. Robert M. Grant & Charles Baden‐Fuller, 2004. "A Knowledge Accessing Theory of Strategic Alliances," Journal of Management Studies, Wiley Blackwell, vol. 41(1), pages 61-84, January.
    6. Dorner, Matthias & Fryges, Helmut & Schopen, Kathrin, 2017. "Wages in high-tech start-ups – Do academic spin-offs pay a wage premium?," Research Policy, Elsevier, vol. 46(1), pages 1-18.
    7. Etzkowitz, Henry & Webster, Andrew & Gebhardt, Christiane & Terra, Branca Regina Cantisano, 2000. "The future of the university and the university of the future: evolution of ivory tower to entrepreneurial paradigm," Research Policy, Elsevier, vol. 29(2), pages 313-330, February.
    8. Wood, Matthew S., 2011. "A process model of academic entrepreneurship," Business Horizons, Elsevier, vol. 54(2), pages 153-161.
    9. Wood, Matthew S., 2011. "A process model of academic entrepreneurship," Business Horizons, Elsevier, vol. 54(2), pages 153-161, March.
    10. Acworth, Edward B., 2008. "University-industry engagement: The formation of the Knowledge Integration Community (KIC) model at the Cambridge-MIT Institute," Research Policy, Elsevier, vol. 37(8), pages 1241-1254, September.
    11. Maryann Feldman, 1999. "The New Economics Of Innovation, Spillovers And Agglomeration: Areview Of Empirical Studies," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 8(1-2), pages 5-25.
    12. Muscio, Alessandro & Quaglione, Davide & Vallanti, Giovanna, 2013. "Does government funding complement or substitute private research funding to universities?," Research Policy, Elsevier, vol. 42(1), pages 63-75.
    13. Estrada, Isabel & Faems, Dries & Martin Cruz, Natalia & Perez Santana, Pilar, 2016. "The role of interpartner dissimilarities in Industry-University alliances: Insights from a comparative case study," Research Policy, Elsevier, vol. 45(10), pages 2008-2022.
    14. Etzkowitz, Henry, 1998. "The norms of entrepreneurial science: cognitive effects of the new university-industry linkages," Research Policy, Elsevier, vol. 27(8), pages 823-833, December.
    15. Cardamone Paola & Pupo Valeria & Ricotta Fernanda, 2015. "University Technology Transfer and Manufacturing Innovation: The Case of Italy," Review of Policy Research, Policy Studies Organization, vol. 32(3), pages 297-322, May.
    16. Aldo Geuna, 2001. "The Changing Rationale for European University Research Funding: Are There Negative Unintended Consequences?," Journal of Economic Issues, Taylor & Francis Journals, vol. 35(3), pages 607-632, September.
    17. Colombo, Massimo G. & Piva, Evila, 2012. "Firms’ genetic characteristics and competence-enlarging strategies: A comparison between academic and non-academic high-tech start-ups," Research Policy, Elsevier, vol. 41(1), pages 79-92.
    18. Donato Iacobucci & Alessandra Micozzi, 2015. "How to evaluate the impact of academic spin-offs on local development: an empirical analysis of the Italian case," The Journal of Technology Transfer, Springer, vol. 40(3), pages 434-452, June.
    19. 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.
    20. 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.
    21. Janet Bercovitz & Maryann Feldman, 2006. "Entpreprenerial Universities and Technology Transfer: A Conceptual Framework for Understanding Knowledge-Based Economic Development," The Journal of Technology Transfer, Springer, vol. 31(1), pages 175-188, January.
    22. Bodas Freitas, Isabel Maria & Geuna, Aldo & Rossi, Federica, 2013. "Finding the right partners: Institutional and personal modes of governance of university–industry interactions," Research Policy, Elsevier, vol. 42(1), pages 50-62.
    23. Alistair R. Anderson & María del Mar Benavides-Espinosa & Antonia Mohedano-Suanes, 2011. "Innovation in services through learning in a joint venture," The Service Industries Journal, Taylor & Francis Journals, vol. 31(12), pages 2019-2032, January.
    24. Konstantinos Pitsakis & Vangelis Souitaris & Nicos Nicolaou, 2015. "The Peripheral Halo Effect: Do Academic Spinoffs Influence Universities' Research Income?," Journal of Management Studies, Wiley Blackwell, vol. 52(3), pages 321-353, May.
    25. Ida Grundel & Margareta Dahlström, 2016. "A Quadruple and Quintuple Helix Approach to Regional Innovation Systems in the Transformation to a Forestry-Based Bioeconomy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(4), pages 963-983, December.
    26. Marius Tuft Mathisen & Einar Rasmussen, 2019. "The development, growth, and performance of university spin-offs: a critical review," The Journal of Technology Transfer, Springer, vol. 44(6), pages 1891-1938, December.
    27. Stefania Migliori & Daniel Pittino & Augusta Consorti & Lorenzo Lucianetti, 2019. "The relationship between Entrepreneurial Orientation, Market Orientation and Performance in University Spin-Offs," International Entrepreneurship and Management Journal, Springer, vol. 15(3), pages 793-814, September.
    28. 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.
    29. Mike Wright & Sue Birley & Simon Mosey, 2004. "Entrepreneurship and University Technology Transfer," The Journal of Technology Transfer, Springer, vol. 29(3_4), pages 235-246, August.
    30. Martina Fromhold-Eisebith & Claudia Werker, 2013. "Universities’ functions in knowledge transfer: a geographical perspective," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 51(3), pages 621-643, December.
    31. 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.
    32. David Doloreux & Henrik Mattson, 2008. "To What Extent do Sectors “Socialize” Innovation Differently? Mapping Cooperative Linkages in Knowledge-Intensive Industries in the Ottawa Region," Industry and Innovation, Taylor & Francis Journals, vol. 15(4), pages 351-370.
    33. Birgit Helene Jevnaker & Bisrat Agegnehu Misganaw, 2022. "Technology transfer offices and the formation of academic spin-off entrepreneurial teams," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 34(9-10), pages 977-1000, October.
    34. Stefano Poponi & Gabriella Arcese & Enrico Maria Mosconi & Michelangelo Arezzo di Trifiletti, 2020. "Entrepreneurial Drivers for the Development of the Circular Business Model: The Role of Academic Spin-Off," Sustainability, MDPI, vol. 12(1), pages 1-17, January.
    35. David Kirby, 2006. "Creating Entrepreneurial Universities in the UK: Applying Entrepreneurship Theory to Practice," The Journal of Technology Transfer, Springer, vol. 31(5), pages 599-603, September.
    36. Van Looy, Bart & Landoni, Paolo & Callaert, Julie & van Pottelsberghe, Bruno & Sapsalis, Eleftherios & Debackere, Koenraad, 2011. "Entrepreneurial effectiveness of European universities: An empirical assessment of antecedents and trade-offs," Research Policy, Elsevier, vol. 40(4), pages 553-564, May.
    37. David López Jiménez & Eduardo Carlos Dittmar & Jenny Patricia Vargas Portillo, 2021. "Cooperation and relationship in the triple helix model of innovation," International Journal of Knowledge and Learning, Inderscience Enterprises Ltd, vol. 14(1), pages 1-9.
    38. Debackere, Koenraad & Veugelers, Reinhilde, 2005. "The role of academic technology transfer organizations in improving industry science links," Research Policy, Elsevier, vol. 34(3), pages 321-342, April.
    39. Santoro, Michael D. & Chakrabarti, Alok K., 2002. "Firm size and technology centrality in industry-university interactions," Research Policy, Elsevier, vol. 31(7), pages 1163-1180, September.
    40. Malik, Ashish & Sharma, Piyush & Pereira, Vijay & Temouri, Yama, 2021. "From regional innovation systems to global innovation hubs: Evidence of a Quadruple Helix from an emerging economy," Journal of Business Research, Elsevier, vol. 128(C), pages 587-598.
    41. Guerrero, Maribel & Cunningham, James A. & Urbano, David, 2015. "Economic impact of entrepreneurial universities’ activities: An exploratory study of the United Kingdom," Research Policy, Elsevier, vol. 44(3), pages 748-764.
    42. Kristian Nielsen, 2015. "Human capital and new venture performance: the industry choice and performance of academic entrepreneurs," The Journal of Technology Transfer, Springer, vol. 40(3), pages 453-474, June.
    Full references (including those not matched with items on IDEAS)

    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. 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.
    2. Ana Pacheco & João J. Ferreira & Jorge Simões, 2023. "The Role of Higher Education Institutions and Entrepreneurial Orientation in the Creation and Development of Academic Spinoffs," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 32(3), pages 495-524, November.
    3. Elvira Cerver Romero & João J. M. Ferreira & Cristina I. Fernandes, 2021. "The multiple faces of the entrepreneurial university: a review of the prevailing theoretical approaches," The Journal of Technology Transfer, Springer, vol. 46(4), pages 1173-1195, August.
    4. 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.
    5. Muscio, Alessandro & Ramaciotti, Laura, 2019. "How does academia influence Ph.D. entrepreneurship? New insights on the entrepreneurial university," Technovation, Elsevier, vol. 82, pages 16-24.
    6. Juan Pablo Diánez-González & Carmen Camelo-Ordaz & Mariluz Fernández-Alles, 2021. "Drivers and implications of entrepreneurial orientation for academic spin-offs," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 1007-1035, June.
    7. Compagnucci, Lorenzo & Spigarelli, Francesca, 2020. "The Third Mission of the university: A systematic literature review on potentials and constraints," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    8. Beck, Mathias & Junge, Martin & Kaiser, Ulrich, 2017. "Public Funding and Corporate Innovation," IZA Discussion Papers 11196, Institute of Labor Economics (IZA).
    9. 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).
    10. 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.
    11. Victoria Galan-Muros & Todd Davey, 2019. "The UBC ecosystem: putting together a comprehensive framework for university-business cooperation," The Journal of Technology Transfer, Springer, vol. 44(4), pages 1311-1346, August.
    12. Christoph Kober, 2010. "Enhancing Knowledge-Based Regional Economic Development: Potentials and Barriers for Technology Transfer Offices," NEURUS papers neurusp139, NEURUS - Network of European and US Regional and Urban Studies.
    13. 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.
    14. Bijedić, Teita & Schröder, Christian & Werner, Arndt & Chen, Xiangyu, 2023. "How do working conditions, network relationships, and institutional support offers effect entrepreneurial intentions of German university scientists?," Technovation, Elsevier, vol. 123(C).
    15. Huan Li & Xi Yang & Xinlan Cai, 2022. "Academic spin-off activities and research performance: the mediating role of research collaboration," The Journal of Technology Transfer, Springer, vol. 47(4), pages 1037-1069, August.
    16. Lavinia Maria Mihali & Sabina Potra & Luisa Izabel Dungan & Romeo Negrea & Adrian Cioabla, 2022. "Key Factors of AS Performance in Emerging Central and Eastern European Countries: Evidence from Romania," Sustainability, MDPI, vol. 14(14), pages 1-24, July.
    17. Huegel, Matthias, 2024. "University scientists’ multiple goals achievement: Social capital and its impact on research performance and research commercialization," Technovation, Elsevier, vol. 135(C).
    18. Veronica Scuotto & Manlio Del Giudice & Alexeis Garcia-Perez & Beatrice Orlando & Francesco Ciampi, 2020. "A spill over effect of entrepreneurial orientation on technological innovativeness: an outlook of universities and research based spin offs," The Journal of Technology Transfer, Springer, vol. 45(6), pages 1634-1654, December.
    19. 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.
    20. 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.

    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:spr:jknowl:v:15:y:2024:i:2:d:10.1007_s13132-023-01390-x. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.