How to evaluate the impact of academic spin-offs on regional development

Donato Iacobucci () and Alessandra Micozzi ()

No 1204, Working Papers from c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione

Abstract: The paper proposes a framework to evaluate the impact of academic spin-offs at regional level and applies it to the context of the Marche region (Italy). Spin-off creation is the most complex way of commercializing academic research, compared to licensing and R&D collaborations, but with the highest potential impact on the regional context. The empirical analysis shows that when measured in quantitative terms the impact of spin-offs on local economies is rather low; however, there are qualitative direct and indirect effects that must be taken into consideration. By focusing on providing R&D services, spin-offs play an important role in promoting the up-grading of the regional industrial system, which is mainly based on small and medium-sized firms in low and medium-tech sectors. Though not very successful in terms of growth and job creation in the short run, spin-offs provide an entrepreneurial experience for a high number of young researchers. We can expect that in the longer terms these people can play an important role within the local system in the start-up of new companies or as agents of innovation for established firms.

Keywords: spin-offs; technology transfer; regional innovation system (search for similar items in EconPapers)
Pages: 20 pages
Date: 2012-08
New Economics Papers: this item is included in nep-cse, nep-ent, nep-geo, nep-ino, nep-knm, nep-ppm, nep-sbm and nep-ure
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Citations: View citations in EconPapers (11)

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