University spin-off managers and the 'ideal' funding process

Olli-Matti Nevalainen, Päivi Eriksson and Tero Montonen

International Journal of Entrepreneurship and Innovation Management, 2020, vol. 24, issue 4/5, 295-307

Abstract: This article explores the university spin-off financing process through the experiences of the managers who act as surrogate entrepreneurs in these companies. Based on narrative interviews, managers' experiences of the financing process were analysed through a meta-micro-narrative approach. The findings highlight how managers' micro-narratives, based on local understandings of the values, roles and contributions of investors during different funding cycles, construct alternatives to the 'ideal' funding process represented by the meta-narrative. The findings contribute to the discussion of entrepreneurial and spin-off finance by illuminating the entrepreneurs' perspective.

Keywords: entrepreneurial finance; university spin-off; surrogate entrepreneur; spin-off manager; meta-narrative; micro-narrative. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeima:v:24:y:2020:i:4/5:p:295-307

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