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Forget R&D – Pay My Coach: Young Innovative Companies and Their Relations with Universities

In: Technology Transfer in a Global Economy

Author

Listed:
  • Joaquín M. Azagra-Caro

    (Universitat Politècnica de València)

  • Francisco Mas-Verdú

    (Universitat Politècnica de València)

  • Victor Martinez-Gomez

    (Universitat Politècnica de València)

Abstract

Young innovative companies (YICs) are attracting attention in their role of industry regenerators. However, we have little understanding about their relations with universities as sources of information. This chapter explores university-industry interaction involving YIC in the Valencian Community, using YIC founders’ personal attributes and motivations as explanatory variables. The Valencian Community has a relatively high degree of university-industry interaction but surprisingly little technological innovation. A survey of YICs in the region shows that, in their case, firm size does not affect the probability of contracting with universities and that R&D intensity is not significant if we consider firm founders’ personal characteristics and motivations. YIC founders exploiting market opportunities recognized in previous business activities and necessity entrepreneurs are the least likely to interact with universities. We highlight the role of external advisory services to realise the benefits of universities.

Suggested Citation

  • Joaquín M. Azagra-Caro & Francisco Mas-Verdú & Victor Martinez-Gomez, 2012. "Forget R&D – Pay My Coach: Young Innovative Companies and Their Relations with Universities," International Studies in Entrepreneurship, in: David B. Audretsch & Erik E. Lehmann & Albert N. Link & Alexander Starnecker (ed.), Technology Transfer in a Global Economy, edition 127, chapter 0, pages 13-34, Springer.
    • Handle: RePEc:spr:inschp:978-1-4614-6102-9_2
    DOI: 10.1007/978-1-4614-6102-9_2
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    Cited by:

    1. Alicia Mas-Tur & Domingo Ribeiro Soriano, 2014. "The level of innovation among young innovative companies: the impacts of knowledge-intensive services use, firm characteristics and the entrepreneur attributes," Service Business, Springer;Pan-Pacific Business Association, vol. 8(1), pages 51-63, March.
    2. Roig-Tierno, Norat & Alcázar, Joaquín & Ribeiro-Navarrete, Samuel, 2015. "Use of infrastructures to support innovative entrepreneurship and business growth," Journal of Business Research, Elsevier, vol. 68(11), pages 2290-2294.
    3. Llopis,Ãscar & Azagra-Caro,Joaquín M., 2015. "Who do you care about? Scientistsâ personality traits and perceived beneficiary impact," INGENIO (CSIC-UPV) Working Paper Series 201503, INGENIO (CSIC-UPV), revised 12 Jan 2018.
    4. Mas-Tur, Alicia & Simón Moya, Virginia, 2015. "Young innovative companies (YICs) and entrepreneurship policy," Journal of Business Research, Elsevier, vol. 68(7), pages 1432-1435.

    More about this item

    Keywords

    Firm Characteristic; Innovative Firm; Pull Factor; Bayesian Information Criterion; Firm Creator;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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