Incentives and Funding as Parallel Mediators Between Entrepreneurial Intention and the Emergence of Academic Spin-Offs: A PLS-SEM Analysis

Alexander Romero Sánchez (), Edy Lorena Burbano Vallejo () and Geovanny Perdomo-Charry ()
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Alexander Romero Sánchez: Unidad Central del Valle del Cauca (Uceva)
Edy Lorena Burbano Vallejo: Universidad de San Buenaventura Cali
Geovanny Perdomo-Charry: CEIPA University, School of Business

A chapter in Technology Management for Intelligent, Open and Responsible Organizations and Ecosystems, 2026, pp 525-531 from Springer

Abstract: Abstract This research analyzes the mechanisms through which entrepreneurial intention (EI) contributes to the establishment of academic spin-offs (ASOs), considering the parallel mediating roles of incentives (IC) and funding (FZ). The conceptual framework combines insights from the Theory of Planned Behavior, the Resource-Based View, and the Entrepreneurial University perspective. Empirical evidence was obtained from a dataset comprising 100 A1 research groups affiliated with accredited public universities in Colombia. Data were examined through structural equation modeling using the partial least squares technique (PLS-SEM). The findings indicate that entrepreneurial intention does not exert a direct influence on the formation of academic spin-offs. Instead, its impact operates entirely through the mediating variables of incentives and funding, demonstrating a full mediation effect (VAF = 99%). Incentives account for approximately 61% of the total indirect effect and exhibit a strong effect size (ν = 0.09), whereas funding contributes 38% with a moderate magnitude (ν = 0.038). The study offers two main contributions. First, it empirically supports a full parallel mediation model within an emerging economy context. Second, it outlines relevant implications for public universities, highlighting the importance of reinforcing both financial and non-financial incentive systems, encouraging mentoring and support networks, and implementing innovative funding strategies aimed at facilitating the development of academic spin-offs.

Keywords: Academic Spin-offs; entrepreneurial intention; Incentives; funding; parallel mediation; PLS-SEM (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-032-23124-6_62

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DOI: 10.1007/978-3-032-23124-6_62

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