The role of universities in the location of innovative start-upsa

Giorgio Calcagnini, Ilario Favaretto (), Germana Giombini, Francesco Perugini and Rosalba Rombaldoni ()
Additional contact information
Ilario Favaretto: Department of Economics, Society & Politics, Università di Urbino "Carlo Bo"
Rosalba Rombaldoni: Department of Economics, Society & Politics, Università di Urbino "Carlo Bo"

No 1409, Working Papers from University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini

Abstract: Start-ups increasingly find the prospect of university-industry collaborations to be a powerful driver of innovation and entrepreneurship activity. Moreover, at the geographical level, they are attracted by teaching and research institutions, either public or private. This paper focuses on the role played by universities. Our hypothesis is that geographical proximity favors the transfer of knowledge and technology from universities to industries and, consequently, represents a positive factor for regional economic development. Results show that university spillovers are positively correlated with the creation of innovative start-ups. Furthermore, the presence of human capital (graduates) exerts a significant influence on the location decisions of start-ups, being a source for competitiveness for firms close to universities. Research quality, especially in the social sciences area, attracts innovative start-ups, while third-mission activities have a weak impact on locational choice.

Keywords: CKnowledge transfer; Innovative start-up; University spillovers (search for similar items in EconPapers)
JEL-codes: L20 M13 R30 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2014, Revised 2014
New Economics Papers: this item is included in nep-cse, nep-edu, nep-ent, nep-eur, nep-geo, nep-ino, nep-knm, nep-sbm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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http://www.econ.uniurb.it/RePEc/urb/wpaper/WP_14_09.pdf First version, 2014 (application/pdf)

Related works:
Journal Article: The role of universities in the location of innovative start-ups (2016)
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