University Spinoffs: What, Why, and How?

Pattnaik, Pinaki Nandan; Pandey, Satyendra C.

doi:10.22215/timreview857

Cited by 14 publications

(16 citation statements)

References 1 publication

(1 reference statement)

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“…It is extremely problematic, but regardless of what metaphor we apply to the sector, and regardless of the problems with that metaphor, it is a simple fact that innovation still has to be paid for somehow. 4 One solution is that humanitarian organisations could enter the market by spinning off social enterprises by which they generate returns through equity or licensing agreements, similar to the approach now taken by universities (Pattnaik and Pandey, 2014), although there are ethical and practical obstacles to this.…”

Section: Notesmentioning

confidence: 99%

The Black Hole of Humanitarian Innovation

Currion¹

2019

Journal of Humanitarian Affairs

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Humanitarian innovation has rapidly emerged to become central to discussions about the future of humanitarianism. Innovation practices are framed as a means by which the humanitarian community can identify the paradigm shift that it needs to survive in a rapidly changing world. However, this framing is based on a misunderstanding of economic theories of innovation and particularly of the nature of humanitarian economics. The lack of both a true market and a profit mechanism in the humanitarian industry means that innovations can be generated but will never be sustained. Unless this obstacle is addressed – perhaps through emerging networked approaches to economic activity – humanitarian innovation will continue to be a dead end.

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Section: Notesmentioning

confidence: 99%

The Black Hole of Humanitarian Innovation

Currion¹

2019

Journal of Humanitarian Affairs

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“…Využíva poznatky akademického výskumu a je zameraná na generovanie zisku a komercializáciu technológií. Pattnaik, Pandey, 2014 Nová firma alebo organizácia, ktorá využíva výsledky univerzitného výskumu.…”

Section: Noskovič 2018unclassified

Univerzitné spin-off firmy: Aké sú? (prípadová štúdia Slovenskej poľnohospodárskej univerzity v Nitre)

Jarábková¹,

Chreneková²

2018

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The transfer of research and development results into application sphere takes place in the university environment in a variety of ways. One of them is the establishment of a spin-off firm. From general definition of a spin-off, it is an independent firm founded to commercialize university knowledge. The understanding of spin-off firms and spin-off processes in the literature differs significantly. The aim of the paper is to identify existing and potential spin-off companies in the environment of the Slovak University of Agriculture in Nitra, to describe their specificities in comparison to orthodox defined spin-off firms, to evaluate the conditions for their establishment, to examine the process of commercialization of intellectual property from the birth of the idea to the establishment of own firm or technology licensing. On the examples of selected spin-off firms, we analyze the personal motives and barriers that influenced the founders in the development of technology and the commercialization of research results and the key factors that influenced the founder in the development and commercialization of technology. The contribution is based on case studies of three spin-off firms founded by university staff, in order to exploit the knowledge produced by university activities with a prospect of profiting.

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“…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%

“…They also indicate the following as being main characteristics: new companies; created from universities; exploit knowledge produced by academic activities; a profit-making perspective. Pattnaik and Pandey, (2014) posit that, spin-out company 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: Introductionmentioning

confidence: 99%

Success Factors for Creating Spin-Out Companies by South African Publicly Financed Research and Development Institutions: A Resource-Based View Perspective

Langa

Edoun

Naidoo

2018

JEBS

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Technology commercialisation using spin-out companies has shown to be a viable option by publicly financed research and development (R&D) institutions internationally. In South Africa (SA) this trend of spin-out company creation for technology commercialisation is anticipated to be on the rise since the inception of the Intellectual Property Rights from Publicly Financed Research and Development Act number 51 of 2008 (IPR-PFRD Act). This study aimed at trying to understand the factors that influence the successful creation of spin-out companies by SA publicly financed R&D institutions, utilising the RBV as the main theoretical framework. A survey questionnaire was distributed using a purposive sample approach to 49 key individuals (technology transfer professionals) who have been involved in spin-out creation in the past and the response was received from 17 respondents. A mixed methods research methodology was utilised and the data was presented using descriptive statistics and narration. The results of the data indicate a similar pattern to international trends and in some instances unique resource combinations that are relevant to SA.

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University Spinoffs: What, Why, and How?

Cited by 14 publications

References 1 publication

The Black Hole of Humanitarian Innovation

The Black Hole of Humanitarian Innovation

Univerzitné spin-off firmy: Aké sú? (prípadová štúdia Slovenskej poľnohospodárskej univerzity v Nitre)

Success Factors for Creating Spin-Out Companies by South African Publicly Financed Research and Development Institutions: A Resource-Based View Perspective

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