This paper takes a regional studies approach to assess spin-offs from a university-based technology transfer network. We first detect the regional objectives, inputs and outputs needed to assess spin-offs from support programmes. We then provide evidence on regional mechanisms for firm creation. We analyse spin-offs created at Catalan universities and find that many efficient spin-offs have formal technology transfer agreements, and emerge from technology-oriented universities. We also find that higher innovation levels and experience from the parent university are associated with higher efficiency, which is positively related to future fundamental profitability. Finally, we propose regional policy making and research directions.
The digital economy is an economic sector that includes goods and services, whose development, manufacturing, merchandising or supply depend on critical digital technologies. The digital economy can be conceptualized into four different subsectors; on the one hand, it consists of infrastructure and applications and, on the other, electronic commerce and new intermediaries. This natural structure can be directly traced to how business generates revenues. The aim of this paper is to explain what is understood today by digital economy and to identify its dimensions and impact on the firm. For this purpose, it is necessary to develop its theoretical basis. In the second part of this paper, we refer to the results of an empirical research in the Spanish context.
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