Forget R&D – Pay My Coach: Young Innovative Companies and Their Relations with Universities

Joaquín M. Azagra-Caro, Francisco Mas-Verdú () and Victor Martinez-Gomez ()
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Francisco Mas-Verdú: Universitat Politècnica de València
Victor Martinez-Gomez: Universitat Politècnica de València

Chapter Chapter 2 in Technology Transfer in a Global Economy, 2012, pp 13-34 from Springer

Abstract: Abstract Young innovative companies (YICs) are attracting attention in their role of industry regenerators. However, we have little understanding about their relations with universities as sources of information. This chapter explores university-industry interaction involving YIC in the Valencian Community, using YIC founders’ personal attributes and motivations as explanatory variables. The Valencian Community has a relatively high degree of university-industry interaction but surprisingly little technological innovation. A survey of YICs in the region shows that, in their case, firm size does not affect the probability of contracting with universities and that R&D intensity is not significant if we consider firm founders’ personal characteristics and motivations. YIC founders exploiting market opportunities recognized in previous business activities and necessity entrepreneurs are the least likely to interact with universities. We highlight the role of external advisory services to realise the benefits of universities.

Keywords: Firm Characteristic; Innovative Firm; Pull Factor; Bayesian Information Criterion; Firm Creator (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1007/978-1-4614-6102-9_2

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