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Student startups and local economic development

Author

Listed:
  • Thomas B. Astebro

    (GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique)

  • N. Bazzazian

Abstract

Earlier research on the role of universities in creating local economic development almost exclusively covers licensing and start-ups by faculty and staff. Our hypothesis is that the major impact by universities instead is in the form of startups created by former students. We review the evidence on student spin-off activity and provide new case study data. It turns out that this activity is probably order of magnitudes larger than faculty spin-offs, at least in terms of number of startups. Maybe as much as 80 percent of all student spin-offs are and remain locally situated and a dominant fraction of these spin offs are located extremely close to their parent university. The recent transformation of university goals and practices toward increasing spinoff rates and new firm creation by faculty and researchers thus might be called to question.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Thomas B. Astebro & N. Bazzazian, 2010. "Student startups and local economic development," Post-Print hal-00654322, HAL.
    • Handle: RePEc:hal:journl:hal-00654322
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    Cited by:

    1. Rosado-Cubero, Ana & Hernández, Adolfo & Blanco Jiménez, Francisco José & Freire-Rubio, Teresa, 2023. "Promotion of entrepreneurship through business incubators: Regional analysis in Spain," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    2. Rosado-Cubero, Ana & Freire-Rubio, Teresa & Hernández, Adolfo, 2022. "Entrepreneurship: What matters most," Journal of Business Research, Elsevier, vol. 144(C), pages 250-263.
    3. Rosado-Cubero, Ana & Freire-Rubio, Teresa & Hernández, Adolfo, 2021. "UNDERSTANDING triggering skills for ENTREPRENEURS: The case of ESIC," Technological Forecasting and Social Change, Elsevier, vol. 162(C).

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