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2018 | OriginalPaper | Chapter

2. Effects of University Research Exposure on Young Company Behavior and Performance

Authors : Yannis Caloghirou, Aimilia Protogerou, Nicholas S. Vonortas

Published in: Innovation and the Entrepreneurial University

Publisher: Springer International Publishing

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Abstract

The number of university graduates is continuously raising for many years creating an additional supply of highly qualified labor which doesn’t always meet respective demand thus can’t be absorbed fully. This holds especially true for Ph.Ds of which ever more are entering the labor market although the number of academic positions remains stable and also businesses have limited capacities for Ph.Ds. What follows is that entrepreneurial activities become a serious option for tertiary graduates. Namely Ph.D. graduates engaged in establishing companies by means of using state of the art scientific knowledge which they developed at universities thus generating substantial impact of university produced knowledge on the economy and the broader society. Specifically the cognitive base and the founders’ educational background is an important determinant for the success and impact of knowledge-intensive entrepreneurship in general and academic entrepreneurship in particular. The chapter introduces a broader definition of academic entrepreneurship and investigates whether new ventures founded by Ph.D. holders exhibit different characteristics and/or different behavior patterns compared to the rest of the firms established in the same period in Europe.

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previous chapter Innovation Ecosystems and Universities

next chapter Entrepreneurial Universities: Towards a Revised Paradigm

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EU funded research project “Advancing Knowledge-Intensive Entrepreneurship and Innovation for Economic Growth and Social Well-Being in Europe” (AEGIS), 7th Framework Programme for Research and Technological Development, European Commission.

See Annex for an analytical list of sectors in the three sector groups.

We would expect the differences to be even larger if the comparison population was firms founded strictly by non-university graduates.

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Title: Effects of University Research Exposure on Young Company Behavior and Performance
Authors: Yannis Caloghirou
Aimilia Protogerou
Nicholas S. Vonortas
Publisher: Springer International Publishing
Book: Innovation and the Entrepreneurial University
Print ISBN: 978-3-319-62648-2

Electronic ISBN: 978-3-319-62649-9

Copyright Year: 2018
DOI: https://doi.org/10.1007/978-3-319-62649-9_2

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