The role of universities in the location of innovative start-ups

Giorgio Calcagnini, Ilario Favaretto, Germana Giombini, Francesco Perugini and Rosalba Rombaldoni
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Ilario Favaretto: Università di Urbino Carlo Bo
Rosalba Rombaldoni: Università di Urbino Carlo Bo

The Journal of Technology Transfer, 2016, vol. 41, issue 4, No 3, 670-693

Abstract: Abstract Start-ups increasingly find the prospect of university–industry collaborations to be a powerful driver of innovation and entrepreneurship activity. Moreover, at the geographical level, they are attracted by teaching and research institutions, either public or private. This paper focuses on the role played by universities. Our hypothesis is that geographical proximity favors the transfer of knowledge and technology from universities to industries and, consequently, represents a positive factor for regional economic development. Results show that university spillovers are positively correlated with the creation of innovative start-ups. Furthermore, the presence of human capital (graduates) exerts a significant influence on the location decisions of start-ups, being a source for competitiveness for firms close to universities. Research quality, especially in the social sciences area, attracts innovative start-ups, while third-mission activities have a weak impact on locational choice.

Keywords: Knowledge transfer; Innovative start-up; University spillovers (search for similar items in EconPapers)
JEL-codes: L20 M13 R30 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (30)

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Working Paper: The role of universities in the location of innovative start-upsa (2014)
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DOI: 10.1007/s10961-015-9396-9

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