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The determinants of academic spin‐off creation by I talian universities
Author(s) -
Ramaciotti Laura,
Rizzo Ugo
Publication year - 2015
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/radm.12105
Subject(s) - context (archaeology) , productivity , public university , work (physics) , public funding , phenomenon , relation (database) , political science , business , public relations , economics , engineering , computer science , economic growth , public administration , biology , physics , mechanical engineering , paleontology , quantum mechanics , database
The aim of this work is to investigate the university level determinants of academic spin‐off ( ASO ) firm creation in I taly. We are interested in particular in the relationship between university funding and the university propensity to create spin‐offs, and test the effect of public and third‐party funds on this tendency. We estimate the effect of several variables for the characteristics of the university and the context. In contrast to our expectations, results indicate that third‐party funding does not exert an effect on the propensity of the university to generate ASO firms. Similarly, and in contrast to what the literature suggests, scientific productivity, context innovativeness and patenting experience also do not have a positive and significant effect on the propensity to generate spin‐offs. We find that ASO creation is influenced by the amount of public income, by past experience in creating spin‐offs and by the presence of a technology transfer office. This work contributes to our understanding of the differences between I taly and the A nglo‐ S axon countries in relation to the phenomenon of ASO creation and has some important implications for policy.