Startup grants and the development of academic startup projects during funding: Quasi-experimental evidence from the German ‘EXIST – Business startup grant’

Mueller, Christoph Emanuel

doi:10.1016/j.jbvi.2023.e00408

Cited by 7 publications

(13 citation statements)

References 47 publications

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“…Furthermore, the second aspect covered by (2) is the acquisition of external funding during the EGS support period. According to Mueller (2023a), EGS-funded startup projects are about twice as likely to obtain external funding after ten months than startups not funded by the EGS. This increased chance is attributed to the interactions with investors facilitated through the startup networks/TTOs at the parent institutions and the connections established during the funding phase.…”

Section: Research Hypothesesmentioning

confidence: 99%

“…In the sample, the average funding received per startup was V124,738 (SD 5 V16,848). Program effects of the EGS Before delving into the causes of program effects on the product development and business planning stages, the effects reported by Mueller (2023a) are replicated by conducting two paired t-tests, comparing mean values at the start of the funding and after ten months. The results strongly corroborate Mueller's findings.…”

Section: Sample Characteristicsmentioning

confidence: 99%

“…Relevant research conducted in various countries and settings (e.g. Mueller, 2023a;Biancalani et al, 2022;Busu et al, 2021;Caliendo and T€ ubbicke, 2021;Audretsch et al, 2020;Goetz et al, 2010;Ayoub et al, 2017;Butler et al, 2016) offers valuable information to decision-makers regarding the range of options available. Most evaluations of startup support measures, however, focus on examining whether a particular measure under investigation generates effects or not.…”

Section: Introductionmentioning

confidence: 99%

“…Relevant research conducted in various countries and settings (e.g. Mueller, 2023a; Biancalani et al ., 2022; Busu et al ., 2021; Caliendo and Tübbicke, 2021; Audretsch et al ., 2020; Goetz et al. , 2010; Ayoub et al ., 2017; Butler et al ., 2016) offers valuable information to decision-makers regarding the range of options available.…”

Section: Introductionmentioning

confidence: 99%

“…It is one of the few studies to follow this path and therefore generates valuable knowledge about potential drivers of success of public startup support programs. In a recent study, Mueller (2023a) examined the effects of the EGS on various outcomes based on monitoring data by means of a quasi-experiment and found, among others, strong effects of the program on the stage of product development – the term “product” including goods and services – and business planning. The present study uses data from the same program monitoring to examine which elements of the program, or which activities carried out as part of its funding, can explain these two effects.…”

Section: Introductionmentioning

confidence: 99%

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What drives the effectiveness of public startup support programs? Empirical insights from the “EXIST-business startup grant”

Mueller

2023

JEPP

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PurposeIn a recent quasi-experimental study, the effects of a large German public startup support measure entitled “EXIST – Business Startup Grant” (EGS) on a variety of outcomes were determined, but without examining which factors are responsible for these program effects. The present study investigates the contribution of several factors to the success of the program in promoting product development and business planning.Design/methodology/approachBy means of a two-wave panel design and fixed-effects panel regressions, evidence is generated that provides unique insights into the effect mechanisms of a publicly funded startup grant. The data for the study come from the program monitoring of the startup support measure.FindingsSeveral factors were identified that significantly drive the effects of the program on the product development and business planning stages, namely the program-induced improvement of the skills of the startup team, intensification of cooperation with pilot customers/users, increase in the degree of networking and advice/support from third parties and the effort put into business plan preparation.Originality/valueStartup support programs are a crucial aspect of technology and innovation policies, which are often evaluated in order to find out whether they generate effects. Assessing whether a program is effective or not, however, does not usually allow specific recommendations on how to improve the measure to be developed. Further information on the mechanisms of intervention is needed for this purpose. The present study takes up on this idea and provides this information for a specific type of public startup support measure.

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Section: Research Hypothesesmentioning

confidence: 99%

Section: Sample Characteristicsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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What drives the effectiveness of public startup support programs? Empirical insights from the “EXIST-business startup grant”

Mueller

2023

JEPP

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Entrepreneurial universities and the third mission paradigm shift from economic performance to impact entrepreneurship: Germany’s EXIST program and ESG orientation

Lehmann,

Otto,

Wirsching

2024

J Technol Transf

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The proliferation and intensity of modern grand challenges, and the current broad public awareness of them, has resulted in a demand for entrepreneurship with an eye toward environmental, social and governance (ESG) matters, not just profits and economic gain. When it comes to economic applications, this realigned focus on impact-oriented entrepreneurship has significantly altered the way in which entrepreneurial universities address their third mission of service to society. The overall paradigm shift toward an ESG orientation drives these entrepreneurial universities to structure their efforts in technology transfer and creating academic spinoffs to produce startups which heavily employ impact entrepreneurship and ESG principles. This paper finds that governments can assist with this transition by creating funding programs, or updating existing funding programs, which favor the selection of impact entrepreneurship focused spinoffs that make use of ideas and knowledge from the university sphere. The EXIST program from the German government serves as a prime example of just such a financial mechanism that has evolved across multiple decades to more heavily incentivize academic spinoffs that place ESG at the core of what they do, in addition to the original goals of producing economic and technological development and increasing local, regional and national competitiveness. These findings bear implications for government and university leaders in regard to technology transfer policy and academic spinoffs at entrepreneurial universities.

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Public Support for Business, Intermediary Organizations, and Knowledge Transfer: Critical Development and Innovation Policy Bottlenecks

Chatzinikolaou,

Vlados

2024

J Knowl Econ

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This study explores the challenges of integrating macro, meso, and micro in the articulation of advanced innovation policy and examines, respectively, dimensions of public business support, intermediary organizations, and knowledge transfer. It conducts an integrative review of the pertinent literature and a bibliometric analysis of 440 articles. It reveals three major obstacles that seemingly impede the effective integration of macro, meso, and micro in contemporary policymaking and socioeconomic analyses: entrenched boundaries between different thematic areas, methodological discrepancies, and the relative lack of integrated theoretical models. These factors contribute to the absence of unified functional hubs focused on microlevel interventions. The proposed Institutes of Local Development and Innovation (ILDIs) could mitigate these challenges as they are presented as multilevel policy instruments intended to provide support to businesses—particularly to those facing chronic and structural problems.

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Startup grants and the development of academic startup projects during funding: Quasi-experimental evidence from the German ‘EXIST – Business startup grant’

Cited by 7 publications

References 47 publications

What drives the effectiveness of public startup support programs? Empirical insights from the “EXIST-business startup grant”

What drives the effectiveness of public startup support programs? Empirical insights from the “EXIST-business startup grant”

Entrepreneurial universities and the third mission paradigm shift from economic performance to impact entrepreneurship: Germany’s EXIST program and ESG orientation

Public Support for Business, Intermediary Organizations, and Knowledge Transfer: Critical Development and Innovation Policy Bottlenecks

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