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A procedural perspective on academic spin-off creation: the changing relative importance of the academic and the commercial sphere

Cantner, Uwe ; Doerr, Philip ; Goethner, Maximilian ; Huegel, Matthias ; Kalthaus, Martin

Small business economics, 2024-04, Vol.62 (4), p.1555-1590 [Periódico revisado por pares]

New York: Springer US

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  • Título:
    A procedural perspective on academic spin-off creation: the changing relative importance of the academic and the commercial sphere
  • Autor: Cantner, Uwe ; Doerr, Philip ; Goethner, Maximilian ; Huegel, Matthias ; Kalthaus, Martin
  • Assuntos: Business and Management ; Colleges & universities ; Commercialization ; Creation process ; Dominance ; Embeddedness ; Entrepreneurs ; Entrepreneurship ; Founding ; Industrial Organization ; Management ; Microeconomics ; Policy making ; Research article ; Scientists ; Social entrepreneurship ; Spinoffs
  • É parte de: Small business economics, 2024-04, Vol.62 (4), p.1555-1590
  • Descrição: Academic scientists who commercialize their research findings via spin-off creation have to transition from the academic sphere to the commercial sphere. Along this spin-off creation process, they face challenges adapting to the conflicting logics of these spheres. We hypothesize that throughout the three phases of this process, the importance of the academic sphere decreases while the importance of the commercial sphere increases. We collected a representative sample of 1,149 scientists from the German state of Thuringia. To test our hypotheses, we apply dominance analysis and estimate the relative importance of the two spheres. In line with our hypotheses, the importance of the academic sphere declines and the importance of the commercial sphere increases at the beginning of the process. Towards the end of the process, we observe a further decline in the relative importance of the academic sphere, but, unexpectedly, also a decline for the commercial sphere. Notably, our results show that the commercial sphere is in general more important than the academic sphere throughout the process. Our results challenge existing conceptualizations that emphasize the importance of the academic sphere, especially at the beginning of the spin-off founding process. The results provide intervention points for policy measures to promote academic spin-offs. Plain English Summary Venturing scientists need to navigate the changing relevance of the academic and commercial spheres throughout the academic spin-off creation process. Strikingly, the influence of the commercial sphere dominates the process early on . We investigate how scientists’ embeddedness in two opposing spheres — the academic sphere and the commercial sphere — affects the process of academic spin-off (ASO) creation. These spheres have contrasting institutional and normative structures that influence scientists’ behavior. We conceptually divide the ASO process into distinct phases, starting with the research phase and concluding with the establishment of the spin-off. Venturing scientists need to transition along these phases. We observe that the level of embeddedness in both spheres influences the success of these transitions. Furthermore, the commercial sphere holds greater importance than the academic sphere, right from the outset of the ASO process. To support the creation of spin-offs, policymakers should focus on facilitating scientists’ exposure to the commercial sphere. This can be achieved by implementing entrepreneurship education initiatives and encouraging scientists to gain industry experience. Additionally, academic institutions can play a vital role in supporting scientists by reducing administrative burdens and recognizing their entrepreneurial efforts alongside their academic qualifications. Future research could expand our understanding of the relative importance of both spheres in other contexts, such as social entrepreneurship, where commercial and social-oriented logics converge.
  • Editor: New York: Springer US
  • Idioma: Inglês
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  • Realização: ABCD-USP USP   Logos de Redes Sociais: Freepik

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