Exploring determinants of life sciences spin-off creation: empirical evidence from the Netherlands

Marianne Van der Steen, Roland Ortt and Victor Scholten

International Journal of Entrepreneurship and Small Business, 2010, vol. 10, issue 1, 30-48

Abstract: This paper empirically explores the important determinants for the creation of science-based spin-offs. We propose a model in which human capital, technology-based determinants and institutional determinants affect the spin-off creation process. The data are drawn from the BioPartner First Stage Grant, a seed fund to stimulate academic spin-offs in the life sciences. The unique data set covers 68 life sciences spin-off projects. This study explores the determinants of success of these spin-offs in three phases of the spin-off creation process and for the overall process. Empirical evidence shows that an attracting an experienced CEO into the venture positively influences the spin-off creation and leverages the effect of the spin-offs' scientific quality. Furthermore, we find evidence for the role of product potential, Intellectual Property (IP) position and industry experience, which vary during the spin-off creation process. Finally, we discuss managerial and policy implications.

Keywords: academic spin-offs; life sciences; spin-off creation; The Netherlands; academic entrepreneurship. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=33047 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijesbu:v:10:y:2010:i:1:p:30-48

Access Statistics for this article

More articles in International Journal of Entrepreneurship and Small Business from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().