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The creation of spin-off firms at public research institutions: Managerial and policy implications |
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| Authors: | Andy Lockett Donald Siegel Michael D Ensley |
| Institution: | a Nottingham University Business School, Jubilee Campus, Wollaton Road, Nottingham NG8 1BB, UK b Department of Economics, Rensselaer Polytechnic Institute, 3502 Russell Sage Laboratory, Troy, NY 12180-3590, USA c Centre for Management Buy-out Research, Nottingham University Business School, Jubilee Campus, Wollaton Road, Nottingham NG8 1BB, UK d Lally School of Management and Technology, Rensselaer Polytechnic Institute, Troy, NY 12180, USA |
| Abstract: | We consider the managerial and policy implications of the rise of spin-offs at public research institutions (PRIs), based on a knowledge-based view (KBV) of the firm. This framework highlights the importance of knowledge in the creation and development of spin-offs. We argue that in order to understand the development of spin-offs, researchers should focus on “knowledge gaps” these new ventures encounter. Knowledge gaps can occur at different levels of aggregation, including the PRI, spin-off, team, individual, incubator, and at different stages of spin-off development. Based on this framework, we synthesize findings from previous studies and papers in the special issue and offer some suggestions for additional research on spin-offs from PRIs. |
| Keywords: | M13 D23 L31 O31 O32 |
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