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Sustainability and scalability of university spinouts: a business model perspective
Author(s) -
Ziaee Bigdeli Ali,
Li Feng,
Shi Xiaohui
Publication year - 2016
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.12167
Subject(s) - sustainability , perspective (graphical) , business model , business , empirical research , process (computing) , scalability , business development , process management , marketing , knowledge management , industrial organization , management , management science , computer science , economics , ecology , philosophy , epistemology , database , artificial intelligence , biology , operating system
Most previous studies of university spinouts ( USOs ) have focused on what determines their formation from the perspectives of the entrepreneurs or of their parent universities. However, few studies have investigated how these entrepreneurial businesses actually grow and how their business models evolve in the process. This paper examines the evolution of USOs' business models over their different development phases. Using empirical evidence gathered from three comprehensive case studies, we explore how USO s' business models evolve over time, and the implications for the financial sustainability and operational scalability of these ventures. This paper extends existing research on the development of USOs , and highlights three themes for future research.