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Growth Factors of Research-based Spin-Off Companies

Anton Slonimski () and Anna Pobol ()
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Anton Slonimski: Institute for Economic Research of the Ministry of Economy of Belarus, Department for Economy of Science and Innovation Activity, Minsk, Belarus
Anna Pobol: Belarusian State University, Department for Theoretical and Institutional Economy, Minsk, Belarus

Chapter 2008-03 in The European Entrepreneurship in the Globalizing Economy – Challenges and Opportunities. Proceedings of the International Conference, 9 – 12 September 2008, Varna, Bulgaria, 2009, pp 47-67 from Bulgarian Association for Management Development and Entrepreneurship

Abstract: This paper is built on findings from case studies with 15 research-based spin-off companies (RSOs) undertaken in Belarus in 2003-2007. It considers the demand, supply and specific factors influencing the direction, speed and mode of growth of RSOs: those specific to Belarus as a Post-Soviet economy, and those common in the world due to economic nature of RSOs. The factors shaping the geography of RSO’s market (international vs. local) are distinguished. Special attention is paid to economic relations and in particular conflicts of interests between RSO‘s internal decision-makers and external actors as factors impacting RSO’s growth trajectories. .

Date: 2009
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