Open AccessThe Emerging Contextual Effect of University Spin-offs and its Role in Spurring Innovation in Regional Area
Author(s) -
Danilo Boffa,
Antonio Prencipe
Publication year - 2021
Publication title -
advances in management and applied economics
Language(s) - English
Resource type - Journals
ISSN - 1792-7544
DOI - 10.47260/amae/1163
Subject(s) - spin offs , technology transfer , entrepreneurship , regional science , knowledge transfer , regional development , business , sample (material) , innovation process , regional innovation system , economic geography , marketing , industrial organization , sociology , management , economics , international trade , work in process , chemistry , finance , chromatography
AbstractThe technology and knowledge transfer from university to industry has raised theattention of policy makers and practitioners as fundamental process in promotingthe development of regional innovation and entrepreneurship. University Spin-Offs(USOs), firms established to commercialize the knowledge and technology outcomes of academic research, may constitutes an effective mechanism to improvethe innovative dynamics in the regional area. The paper explores the assumptionthat USOs may partially determine the innovation of regions they are located. Froma panel sample of 944 USOs placed in 20 Italian administrative regions, the findingsremark that USOs (analysed as [1] number of USOs from each University and [2]patents activity of USOs) has a positive impact on the regional innovation in termof regional patent applications, while a weak role of USOs seems to emerge in termof regional expenditure in R&D.JEL classification numbers: O30, O32.Keywords: University Spin-Offs, Regional innovation, Entrepreneurial University,Italy.