Policy principles for the creation and success of corporate and academic spin-offs

  • Gilsing V
  • van Burg E
  • Romme A
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Abstract

Following a design science approach, this paper develops a framework of policy design principles for fostering technology entrepreneurship in a region. These principles are grounded in research findings and describe the factors and causal mechanisms that explain the founding and success rates of both corporate and academic spin-offs. We differentiate between principles that serve the creation of spin-offs versus those focusing on their subsequent chances of success. We provide an in-depth empirical application of this framework to spin-off policy in the regions of Eindhoven and Leuven. This application of the framework serves to assess the extent to which standing spin-off policy in both regions is (1) up-to-date, (2) comprehensive as well as (3) sufficiently robust against 'policy fashions'. Several directions for redesigning spin-off policy follow from this assessment. © 2009 Elsevier Ltd. All rights reserved.

Author-supplied keywords

  • Corporate spin-offs
  • Policy principles
  • Regions
  • Technology entrepreneurship
  • Technology regimes
  • University spin-offs

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