• Case NewCo

      Clarysse, Bart (2003)
    • Conceptualising the heterogeneity of research-based spin-offs: a multidimensional taxonomy

      Mustar, P.; Renault, M.; Colombo, Massimo; Piva, E.; Fontes, M.; Lockett, Andy; Wright, Mike; Clarysse, Bart; Moray, Nathalie (Research Policy, 2006)
    • Corporate venturing - corporate venture capital

      Clarysse, Bart; Bruneel, Johan (2006)
    • Creating human capital portfolios in high tech start-ups: the process of handling team dynamics and complexity

      Vanaelst, Iris; Clarysse, Bart; Lockett, Andy; S'Jegers, R.; Ucbasaran, Deniz (2006)
    • De overnames van Tibotec-Virco en Fillfactory: succesverhalen of noodzakelijk kwaad?

      Bobelyn, Annelies; Maesen, Annelies; Clarysse, Bart (2007)
    • Direct indicators for the Commercialisation of Technology: Company specific reports

      Moray, Nathalie; Clarysse, Bart; Fier, Andreas; Heneric, Oliver; Rammer, Christian; Sofka, Wolfgang; Wright, Mike; Lockett, Andy; Mustar, P.; Papanek, Gabor; Perényi, Aaron; Lindelöf, Peter; Lundberg, Max; Cesaroni, Fabrizio; Piccaluga, Andre (2004)
    • Do human capital and fund characteristics drive follow-up behaviour of early stage high-tech VCs?

      Knockaert, Mirjam; Lockett, Andy; Clarysse, Bart; Wright, Mike (2005)
      This paper uses a unique dataset to examine the neglected but important issue concerning the relationship between the human capital and fund characteristics of venture capitalists and post-investment follow-up behavior in early stage high tech investments. We found no indication that involvement in monitoring activities by the investment manager is determined by either fund or human capital characteristics. In relation to value-adding activities, human capital variables were the most important, with previous consulting experience and entrepreneurial experience contributing to a higher involvement in value-adding activities. Furthermore, the diversity of an investment manager's portfolio was negatively related to involvement in value-adding activities. Finally, with respect to fund level characteristics, we found that investment managers of captive funds were less involved in value-adding activities. Keywords: venture capital, early stage high tech firms, post-investment follow-up behavior, human capital, fund characteristics
    • Do human capital and fund characteristics drive follow-up behaviour of early stage high-tech VCs?

      Knockaert, Mirjam; Lockett, Andy; Clarysse, Bart; Wright, Mike (International Journal of Technology Management, 2006)
    • Do intangible assets and pre-founding R&D efforts matter for innovation speed in start-ups?  

      Heirman, Ans; Clarysse, Bart (2004)
      The launch of the first product is an important event for start-ups, because it takes the new venture closer to growth, profitability and financial independence. However, entrepreneurship literature lacks theory and data on new product development and innovation speed. Integrating insights form new product development literature with resource-based theory, we construct a conceptual framework concerning the antecedents of innovation speed in start-ups. In particular, we argue that pre-founding R&D efforts and intangible assets such as team tenure, experience of founders, and collaborations with third parties are important for innovation speed. We collected a unique dataset on 99 research-based start-ups (RBSUs) and use an event-history approach to test our model. We find that RBSUs differ significantly in their starting conditions and that these differences have a significant effect on the time it takes to launch the first product. The impact of starting conditions on innovation speed differs however between software, medical-related, telecom and other technologies. Although intuition suggests that start-ups that are further in the product development cycle at founding launch their first product faster, we find that software firms starting with a beta-version experience slower product launch. Next, it is shown that team tenure and experience of founders leads to faster product launch. Contrary to expectations, alliances with other firms do not significantly affect innovation speed and collaborations with universities lead to longer development times. The insights of this study enhance our understanding of product development processes in start-ups and the differences between slow growers and fast growers. Keywords: Intangible assets, New Product Development and Start-Ups
    • Do intangible assets and pre-founding R&D efforts matter for innovation speed in start-ups?  

      Heirman, Ans; Clarysse, Bart (2004)
      The launch of the first product is an important event for start-ups, because it takes the new venture closer to growth, profitability and financial independence. However, entrepreneurship literature lacks theory and data on new product development and innovation speed. Integrating insights form new product development literature with resource-based theory, we construct a conceptual framework concerning the antecedents of innovation speed in start-ups. In particular, we argue that pre-founding R&D efforts and intangible assets such as team tenure, experience of founders, and collaborations with third parties are important for innovation speed. We collected a unique dataset on 99 research-based start-ups (RBSUs) and use an event-history approach to test our model. We find that RBSUs differ significantly in their starting conditions and that these differences have a significant effect on the time it takes to launch the first product. The impact of starting conditions on innovation speed differs however between software, medical-related, telecom and other technologies. Although intuition suggests that start-ups that are further in the product development cycle at founding launch their first product faster, we find that software firms starting with a beta-version experience slower product launch. Next, it is shown that team tenure and experience of founders leads to faster product launch. Contrary to expectations, alliances with other firms do not significantly affect innovation speed and collaborations with universities lead to longer development times. The insights of this study enhance our understanding of product development processes in start-ups and the differences between slow growers and fast growers. Keywords: Intangible assets, New Product Development and Start-Ups
    • Een kosten-baten analyse van de participatie van België in het A3XX programma

      Goossens, K.; Duchêne, Vincent; Clarysse, Bart (2000)
    • Eendagsvlieg of pioneer: welke ondernemer redt de economie?

      Clarysse, Bart (2004)
      Dit boek bespreekt verschillende soorten Vlaamse ondernemers, hun problemen en hun bijdrage tot de economische groei van het land. De auteurs bestuderen in detail hoe Vlaamse ondernemers hun bedrijf opstarten. Hierbij wordt een verschil gemaakt tussen de ondernemer die een zelfstandige zaak begint, en wat de auteurs de 'innovatieve ondernemer' noemen. Achtereenvolgens bekijken de auteurs het startprofiel en groeipad van die innovatieve ondernemer, de financieringsproblematiek in het algemeen en het gebruik van durfkapitaal in het bijzonder, de academische spin-offs als specifieke categorie ondernemers en het innovatieproces dat de grotere Vlaamse ondernemingen geïmplementeerd hebben met daarbij gerelateerd hun interesse in corporate spin-offs en spin-ins. Tot slot worden vier technologie gazelles in detail bekeken en wordt biotechnologie in Vlaanderen als specifieke case naar voor geschoven. Er wordt gewezen op het gebrek aan kennis rond ondernemerschap in Vlaanderen, het ontbreken van een coherente visie op hoe ondernemerschap kan gestimuleerd woren en de paternalistische manier waarop de universiteiten en onderzoekscentra technologietransfer beheren. Het boek is interessant voor mensen die zelf een innovatief bedrijf willen beginnen, voor beleidsmakers of analisten die bewust ondernemerschap willen stimuleren, voor academici die studenten rond ondernemerschap willen sensibiliseren en last but not least, voor iedereen die zich interesseert in "de ondernemer".
    • Entrepreneurial team development in academic spin-outs: a diverse perspective on heterogeneity

      Vanaelst, Iris; Clarysse, Bart; Wright, Mike; Lockett, Andy; Moray, Nathalie; S'Jegers, R. (Entrepreneurship: Theory and Practice, 2006)