Abstract
University Technology Transfer Offices (TTOs) have become a well-established tool for universities to manage the commercialization of scientific knowledge. An important task for many TTOs is to facilitate the creation and development of academic spin-off firms. Nevertheless, while university support mechanisms in general are positively related to the creation of new ventures (Fini et al. 2009), TTOs' contributions to commercialization and spin-off foundation seem to be marginal and indirect (Muscio 2010, Clarysse et al. 2011). This paper adds to the debate on TTOs' raison d'être by looking at the long term performance of spin-offs reported by Norwegian TTOs and considering the ‘additionality effect' and specific contribution of the TTO to each spin-off. Prior studies addressing this phenomenon have attempted to examine TTOs' influence with quantitative measures of technology-transfer success. For example, in the U.S. researchers have observed that TTOs could be positively associated with the number of disclosures, patents, licenses, royalties, and start-ups (Siegel et al. 2002, Carlsson and Fridh 2002, Friedman and Silberman 2003). Similarly, in Italy it has been observed that TTO's staff can have a positive effect on the valorization of research results (Piccaluga et al. 2007, Algieri et al. 2011). At the same time, another research stream, suggests that TTOs are just another administrative barrier (Hülsbeck et al. 2011), and negatively effect on technology commercialization efforts (Kenney and Patton 2009). Having limited capabilities to support entrepreneurship and business development activities (Link et al. 2014, Lockett and Wright 2005, Markman et al. 2004). This paper explores the expected additionality effect of Norwegian TTOs in technology commercialization, in terms of the quality of the spin-off firms they nurture. We propose that since Norwegian TTOs are still relatively young and inexperienced, they might not have a limited direct additionality on academic entrepreneurship. However, we expect that additionality effects would come from other specific competencies, such as entrepreneurial experience and active industry partners. Another contribution of our paper is to depict how the TTO has been contributing on key activities(e.g. business development, incubation, networking, funding, IP protection, etc.) related to the birth and development of firms. We suggest that both the degree and type of contribution differ depending on spin-offs characteristics. We answer the research questions by combining cross-sectional and panel data on a sample of 155 spin-off firms that have been established with support from TTOs connected to universities and research institutes in Norway. We analyze spin-off founders' perceptions about the degree and type of contribution of the TTO to firm creation in relation to the growth and market performance of the venture. Associations between TTOs' productivity (number of spinouts) and the performance of the firms they nurture are also tested. Our paper contributes to the stream of literature related to the role of TTOs in technology commercialization and economic development, with important implications to innovation and entrepreneurship policies as well.
Users
Please
log in to take part in the discussion (add own reviews or comments).
