2014
DOI: 10.22215/timreview/857
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University Spinoffs: What, Why, and How?

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Cited by 34 publications
(8 citation statements)
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“…Large pharmaceutical enterprises tend to be risk-aversive in their research and development programs and take up product-commercialization processes only at advanced stages. It is, thus, often left to research institutions and small spin-off and start-up companies to take on the early, risky steps of drug development, including production optimization, safety assessment, and first clinical trials [128,129]. To improve microbial-driven production processes, the following areas (summarized in Figure 6) need investment from research institutions and companies alike.…”
Section: Optimization Of Bioactive Compound Production To Meet Indmentioning
confidence: 99%
“…Large pharmaceutical enterprises tend to be risk-aversive in their research and development programs and take up product-commercialization processes only at advanced stages. It is, thus, often left to research institutions and small spin-off and start-up companies to take on the early, risky steps of drug development, including production optimization, safety assessment, and first clinical trials [128,129]. To improve microbial-driven production processes, the following areas (summarized in Figure 6) need investment from research institutions and companies alike.…”
Section: Optimization Of Bioactive Compound Production To Meet Indmentioning
confidence: 99%
“…"University spin-offs have remarkably strengthened the linkage between universities and industry. The number of technology patents and spin-offs coming out of university research has a significant impact on regional economic and social development" [47]. In this context, it will be interesting to consider the views of many authors [48][49][50][51][52][53][54][55][56].…”
Section: Entrepreneurial University: a Brief Literature Reviewmentioning
confidence: 99%
“…As a first point, spin-out Company working definition had to be established. This was done by looking at several authors that made attempts to define the concept of a spin-out company within the context of publicly funded R&D (Pirnay et al, 2003;Borges and Fillion, 2013;Pattnaik and Pandey, 2014). In defining the concept, there appears to be a pattern which reflects that the definition of a spin-out company is sometimes interchangeably defined with other concepts such as spin-off companies or university start-ups or academic enterprises.…”
Section: Literature Reviewmentioning
confidence: 99%
“…In their paper titled toward a typology of University Spin-off, Pirnay et al (2003) define spin-off companies as "new firms created to exploit commercially some knowledge, technology or research results developed within a university." Pattnaik and Pandey, (2014) have made their contribution to the academic spin-out company definition by stating that its characteristics are as follows: Firstly the parent organisation from which the innovation emerges has to be a university or academic institution, secondly the output that is a university spin-out has to be a separate legal entity which is not an extension or controlled body of the university, thirdly the new entity has to exploit knowledge produced from academic activities or academic pursuits and fourthly the spin-out company should be aimed at profit generation and commercialisation of technology.…”
Section: Literature Reviewmentioning
confidence: 99%