Getting the right balance: University networks’ influence on spin-offs’ attraction of funding for innovation

Soetanto, Danny; Geenhuizen, Marina van

doi:10.1016/j.technovation.2014.10.008

Cited by 82 publications

(63 citation statements)

References 70 publications

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“…In educational institutions, Rakthai and Aujirapongpan [60] stated that universities that can build networks of cooperation with external organizations and develop innovations together with them will make more capital to subsidize the development of research and innovation, rather than research done only in university laboratories. Soetanto and Geenhuizen [61] carried out research on the factors that impact funding for universities, and found that establishing a network of cooperation in developing innovative systems together with other external organizations allowed a university to receive more funding for research. In accordance with this, Abdul Razak and Murray [62] found that building a network between universities promotes financial success and higher funding.…”

Section: Networking Capacity and Business Performancementioning

confidence: 99%

Innovative Capacity and the Performance of Businesses Incubated in University Incubator Units: Empirical Study from Universities in Thailand

Rakthai

Aujirapongpan

Suanpong

2019

Journal of Open Innovation: Technology, Market, and Complexity

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The purpose of this research is to study the factors related to the performance of the entrepreneurs who passed through the stages of business development at the university business incubators in Thailand. These factors consist of various characteristics, namely, leadership orientation, entrepreneurial orientation, network capacity, and innovative capacity. The sample group consisted of 220 businesses that had passed through a university business incubator in Thailand. The SPSS Statistics program calculated the basic statistics, as well as the relationship test for each factor studied, and examined the statistics using a structural equation model (SEM). The results revealed that the characteristics of leadership orientation, entrepreneurial orientation, network capacity, innovative capacity, and entrepreneurial performance had relationships in the same direction. Furthermore, an analysis of the relationships between the factors found that entrepreneurial orientation had positive relationships with network capacity and innovative capacity, leadership orientation had positive relationships with innovative capacity and entrepreneurial performance, and innovative capacity had a positive relationship with entrepreneurial performance. These relationships summarize a developmental model for the innovative capacity and performance of businesses that have passed through the university business incubators in Thailand.

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Section: Networking Capacity and Business Performancementioning

confidence: 99%

Innovative Capacity and the Performance of Businesses Incubated in University Incubator Units: Empirical Study from Universities in Thailand

Rakthai

Aujirapongpan

Suanpong

2019

Journal of Open Innovation: Technology, Market, and Complexity

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“…USOs are relatively poor in resources and lack skills beyond their technology field, due to their young age and one-sided education (Vohora et al 2004;van Geenhuizen and Soetanto 2009;Soetanto and van Geenhuizen 2015), but they improve this situation by connecting themselves with other Triple/Quadruple Helix actors, like large and small companies, public authorities, financial investors, etc. The activity of bringing inventions and other solutions created at university to market or societal use, could be seen as a passive intermediary role.…”

Section: Introductionmentioning

confidence: 99%

Hidden mediator roles of university spin-offs in Triple Helix networks

Geenhuizen

Taheri

2016

Triple Helix

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University spin-off firms contribute to bringing knowledge created at university to market. The networks these firms employ with other Triple Helix actors serve as not only getting access to resources but also shaping processes of collective learning in transforming the knowledge most adequately. In addition, spin-offs may affect the networks and behavior of network participants. While the first role has received large attention, collective learning and transforming networks and network partners have not. The paper addresses a key requirement in this setting, namely diversity in networks. We use a database of 105 young university spin-off firms and measure the socio-economic networks. A share of around 25 to 35 % of the firms tends to have an important potential mediator role, as they employ three to five different partners, connect with large firms as well as governments (outside the university), and have inserted a majority of strangers (outsiders) in their network. In the next step, to better understand partner diversity, we assess a simplified model. The level of innovativeness is found to be an important driver of diversity, with pre-start working experience (domains) and multidisciplinary education as important enabling factors. In exploring actual mediator roles using two case studies, we observe that Triple Helix actors are most diverse and tightly connected in testing activities in practice (pilots) enabling transformation of networks and network partners. The paper concludes with a summary, policy relevance, and future research paths. van Geenhuizen et al. Triple Helix (2016) 3:5 DOI 10.1186 Resumen Empresas spin-off universitarias contribuyen a llevar el conocimiento creado de la universidad al mercado. Las redes de estas empresas emplean con otros actores de la Triple Hélice no sólo sirven para obtener acceso a recursos, sino también para dar forma a procesos de aprendizaje colectivo. Además, empresas spin-off pueden afectar a las redes y el comportamiento de los participantes de la red. Sin embargo, el aprendizaje colectivo, la transformación de las redes, y la conformación de socios y su comportamiento, no han recibido mucha atención en la literatura. Este artículo aborda un requisito clave en este contexto; a saber, la diversidad en las redes. Utilizamos una base de datos de 105 empresas spin-off jóvenes y analizamos la composición socioeconómica de sus redes. Una proporción del 25 al 35 por ciento de las firmas tienen un importante papel potencial mediador, ya que emplean de tres a cinco socios, se conectan con empresas grandes, y con gobiernos (fuera de la universidad) y además permiten agentes foráneos en su red. Para entender mejor la diversidad de socios, evaluamos un modelo simplificado. El nivel de innovación resulta ser un motor importante de la diversidad, con el trabajo previo al inicio de la experiencia (dominios) y la educación multidisciplinar como factores de apoyo importantes. En la exploración de las funciones mediadoras reales, observamos que los actores de la Triple Héli...

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“…This study found out that funding support from the public, EU, universities and other sources significantly contributes to the support mechanism and infrastructure (β=0.29). This buttress Sternberg (2014) and Soetanto & Van Geenhuizen (2015) claim that university' access to venture capital funds boosts spin off spawning. Universities that provide greater research funding have humongous propensity to generate spin off companies, this is because the cost of spawning such spin offs are very exorbitant for individual faculty members.…”

Section: Resultsmentioning

confidence: 87%

Factors influencing spin-off activities at universities: empirical evidence from the United Kingdom

Odei¹,

Stejskal²

2018

XXI. Mezinárodní Kolokvium O Regionálních Vědách, Kurdějov, 13. - 15. Června 2018

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Getting the right balance: University networks’ influence on spin-offs’ attraction of funding for innovation

Cited by 82 publications

References 70 publications

Innovative Capacity and the Performance of Businesses Incubated in University Incubator Units: Empirical Study from Universities in Thailand

Innovative Capacity and the Performance of Businesses Incubated in University Incubator Units: Empirical Study from Universities in Thailand

Hidden mediator roles of university spin-offs in Triple Helix networks

Factors influencing spin-off activities at universities: empirical evidence from the United Kingdom

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