Academic spin-offs, formal technology transfer and capital raising
Publication type
Journal article with impact factorPublication Year
2007Journal
Industrial and Corporate ChangePublication Volume
16Publication Issue
4Publication Begin page
609Publication End page
640
Metadata
Show full item recordAbstract
In this article we examine the influence of formal technology transfer from a public research organization (PRO) on the amount of capital a spin-off raises at start-up and the increase in capital post start-up. We examine these relationships using a unique sample of 135 spin-offs from PROs across five European countries. Our findings suggest that spin-offs with formal technology transfer start with a larger amount of capital but subsequently do not raise more capital than spin-offs without formal technology transfer.Keyword
EntrepreneurshipKnowledge Domain/Industry
Entrepreneurshipae974a485f413a2113503eed53cd6c53
10.1093/icc/dtm019