University spin-off firms and market introduction of sustainable energy inventions

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

42 Downloads (Pure)

Abstract

Many university spin-off firms today are involved in sustainable energy technology. However, to what extent and how spin-offs reach market introduction of their inventions, is not well-understood. Spin-offs may differ in many ways, like entrepreneurial orientation and competences, and opportunities in their ecosystem. To contribute to a better understanding, this paper explores differences in market-introduction (time)and underlying factors. It draws on a carefully selected sample of almost 40 university spin-offs in Europe and it applies rough-set analysis to explore relationships. The results suggest a high probability of positive development if spin-offs grow up in a 'Innovation Leader' country (like Sweden and Denmark) and employ multiple networks. A second set of favourable factors include a practical mind-set in the founding team through education merely at MSc level and accessing of substantial investment capital. In contrast, hampering factors include being involved in solar energy technology as a 'follower', while employing one-sided/poor collaboration networks. Overall, the results suggest substantial differentiation among spin-offs, and concomitant practical (policy) implications.

Original languageEnglish
Title of host publicationProceedings of the 14th European Conference on Innovation and Entrepreneurship, ECIE 2019
EditorsPanagiotis Liargovas, Alexandros Kakouris
PublisherAcademic Conferences
Pages700-707
Number of pages8
Volume2
ISBN (Electronic)9781912764341
DOIs
Publication statusPublished - 2019
Event14th European Conference on Innovation and Entrepreneurship, ECIE 2019 - Kalamata, Greece
Duration: 19 Sep 201920 Sep 2019

Conference

Conference14th European Conference on Innovation and Entrepreneurship, ECIE 2019
CountryGreece
CityKalamata
Period19/09/1920/09/19

Keywords

  • Entrepreneurial ecosystems
  • Entrepreneurial orientation
  • Market introduction
  • Sustainable energy
  • University spin-offs

Fingerprint Dive into the research topics of 'University spin-off firms and market introduction of sustainable energy inventions'. Together they form a unique fingerprint.

Cite this