The effects of incubation on academic and non-academic high-tech start-ups: evidence from Italy

Massimo G. Colombo, Evila Piva and Francesco Rentocchini

Economics of Innovation and New Technology, 2012, vol. 21, issue 5-6, 505-527

Abstract: This study aims at empirically investigating whether technology incubators help academic high-tech start-ups to establish collaborations with other organizations, thus increasing the competitiveness of these firms. In doing so, we take into account the specificities of academic high-tech start-ups with respect to their non-academic counterparts. We compare the effects of incubation on academic and non-academic high-tech start-ups through econometric estimates using a large sample of Italian firms. Our findings suggest that incubated academic high-tech start-ups do not enjoy any advantages in establishing collaborations with respect to their non-incubated peers. Conversely, technology incubators do help non-academic high-tech start-ups in establishing collaborations with public research organizations. We thus come to the interesting conclusion that the effects of incubation are moderated by the genetic characteristics of incubated firms.

Date: 2012
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DOI: 10.1080/10438599.2012.656524

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