Universities and knowledge-based venturing: finance, management and networks in London
Robert Huggins
Entrepreneurship & Regional Development, 2008, vol. 20, issue 2, 185-206
Abstract:
This paper examines university and higher education institution (HEI) involvement in regional knowledge commercialization processes, using London as a case study. It analyses the determinants of HEI knowledge commercialization, and the characteristics of HEIs and the sources of financial capital engaged in these commercialization processes. It is found that within London, a region with a high concentration of both HEIs and sources of financial capital, the lack of effective regional networks between HEIs and financial institutions makes the engagement of HEIs in regional knowledge commercialization activity problematic. It is further found that many of the resources associated with successful knowledge commercialization are skewed towards London's larger and more prestigious universities. Subsequently, the involvement of HEIs in London in knowledge-based venturing processes is significantly lower than that expected. This has resulted in the public sector taking a significant role in meeting HEI demand for seed finance. The findings oppose much existing literature, especially relating to regional innovation systems and clusters, which argues that core and strong economic regions usually possess effective and embedded knowledge networks of the kind analysed.
Date: 2008
References: View complete reference list from CitEc
Citations: View citations in EconPapers (9)
Downloads: (external link)
http://hdl.handle.net/10.1080/08985620701748342 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:entreg:v:20:y:2008:i:2:p:185-206
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/TEPN20
DOI: 10.1080/08985620701748342
Access Statistics for this article
Entrepreneurship & Regional Development is currently edited by Professor Alistair Anderson
More articles in Entrepreneurship & Regional Development from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().