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How to evaluate the impact of academic spin-offs on regional development

Author

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  • Donato Iacobucci

    (Dipartimento di Ingegneria dell'Informazione, Università Politecnica delle Marche)

  • Alessandra Micozzi

    (Dipartimento di Ingegneria dell'Informazione, Università Politecnica delle Marche)

Abstract

The paper proposes a framework to evaluate the impact of academic spin-offs at regional level and applies it to the context of the Marche region (Italy). Spin-off creation is the most complex way of commercializing academic research, compared to licensing and R&D collaborations, but with the highest potential impact on the regional context. The empirical analysis shows that when measured in quantitative terms the impact of spin-offs on local economies is rather low; however, there are qualitative direct and indirect effects that must be taken into consideration. By focusing on providing R&D services, spin-offs play an important role in promoting the up-grading of the regional industrial system, which is mainly based on small and medium-sized firms in low and medium-tech sectors. Though not very successful in terms of growth and job creation in the short run, spin-offs provide an entrepreneurial experience for a high number of young researchers. We can expect that in the longer terms these people can play an important role within the local system in the start-up of new companies or as agents of innovation for established firms.

Suggested Citation

  • Donato Iacobucci & Alessandra Micozzi, 2012. "How to evaluate the impact of academic spin-offs on regional development," Working Papers 1204, c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione.
    • Handle: RePEc:cme:wpaper:1204
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    References listed on IDEAS

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    Cited by:

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    2. Tommaso Agasisti & Cristian Barra & Roberto Zotti, 2019. "Research, knowledge transfer, and innovation: The effect of Italian universities’ efficiency on local economic development 2006−2012," Journal of Regional Science, Wiley Blackwell, vol. 59(5), pages 819-849, November.
    3. 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.
    4. Mario Benassi & Francesco Rentocchini, 2017. "Academic spinoffs and regional development: New insights for future research," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 92(02), pages 190-221.
    5. Ilaria Mariotti & Elisa Salvador, 2015. "On-park and off-park research spin-offs: some insights from an empirical investigation on Italy," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 19(5/6), pages 405-422.
    6. Giorgio Calcagnini & Ilario Favaretto & Germana Giombini & Francesco Perugini & Rosalba Rombaldoni, 2016. "The role of universities in the location of innovative start-ups," The Journal of Technology Transfer, Springer, vol. 41(4), pages 670-693, August.
    7. María Elena Gómez-Miranda & Isabel Román-Martínez, 2016. "Las spin-off universitarias españolas: análisis económico-financiero y factores que condicionan su cifra de negocios," Hacienda Pública Española / Review of Public Economics, IEF, vol. 217(2), pages 131-155, June.
    8. Michele Meoli & Silvio Vismara, 2016. "University support and the creation of technology and non-technology academic spin-offs," Small Business Economics, Springer, vol. 47(2), pages 345-362, August.
    9. Elisa BARBIERI & Lauretta RUBINI & Alessandra MICOZZI, 2013. "Evaluating policies for innovation and university-firm relations. An investigation on the attitude of Italian academic entrepreneurs towards collaborations with firms," Economia Marche / Journal of Applied Economics, Universita' Politecnica delle Marche (I) / Fondazione Aristide Merloni (I), vol. 0(2), pages 17-45, December.
    10. Marco Bellandi & Annalisa Caloffi & Sara Masi, 2021. "Bottom-level organizational changes within entrepreneurial and engaged models of university: insights from Italy," The Journal of Technology Transfer, Springer, vol. 46(4), pages 907-932, August.

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    Keywords

    spin-offs; technology transfer; regional innovation system;
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