Support for Public Research Spin-offs by the Parent Organizations and the Speed of Commercialization

Viktor Slavtchev and Devrim Göktepe-Hultén

No 16/2015, IWH Discussion Papers from Halle Institute for Economic Research (IWH)

Abstract: We empirically analyze whether support by the parent organization in the early (nascent and seed) stage speeds up the process of commercialization and helps spin-offs from public research organizations generate first revenues sooner. To identify the impact of support by the parent organization, we apply multivariate regression techniques as well as an instrumental variable approach. Our results show that support in the early stage by the parent organization can speed up commercialization. Moreover, we identify two distinct channels - the help in developing a business plan and in acquiring external capital - through which support by the parent organization can enable spin-offs to generate first revenues sooner.

Keywords: academic entrepreneurship; support; TTO; commercialization; time to market (search for similar items in EconPapers)
JEL-codes: L26 M13 O31 O32 O33 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-ent and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: Support for public research spin-offs by the parent organizations and the speed of commercialization (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:iwhdps:iwh-16-15

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