Exploring product/service innovation process in UK: university spin-offs from practice-based lens

Ning Baines (), Te Klangboonkrong () and Helen Lawton Smith
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Ning Baines: University of Leicester
Te Klangboonkrong: University of Leicester, Research and Enterprise Division

The Journal of Technology Transfer, 2024, vol. 49, issue 2, No 12, 715-739

Abstract: Abstract In this study, we explore the product/service innovation process in university spin-offs (USOs) – a category of micro/small firms operating at the edge of technological frontiers. Our approach reconciles the traditional linear model with a practice-based lens, which characterises firm learning processes as underpinned by two logics of production and development. The findings agree with the extant literature that the process overall does not always follow stages in a standardised model. The lens further suggests that the interplay between the two logics occurs even within an individual so-called stage of the linear model, which makes for a counter-intuitive observation. This interplay also hinges upon customer collaboration and feedback. Overall, the apparent lack of adherence to formal process in USOs innovation is not mere haphazard response to being small and new. Reconciling the linear model and the lens is a step further in accounting for the latter’s view of iterative learning and knowledge creation, while preserving the former’s relevance as a communication device for multiple stakeholders involving in the process.

Keywords: Product/service innovation process; Practice-based innovation; University spin-offs; Academic entrepreneurship; University technology transfer (search for similar items in EconPapers)
JEL-codes: O31 O32 P42 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10961-022-09985-3

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