Top

Review of Managerial Science

Published in:

05-12-2018 | Original Paper

Fostering entrepreneurship: an innovative business model to link innovation and new venture creation

Authors: Barbara Del Bosco, Roberto Chierici, Alice Mazzucchelli

Published in: Review of Managerial Science | Issue 3/2019

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

The paper investigates the link between academic innovation and new venture creation. It presents a case study of an Italian firm that has developed an innovative business model, transforming academic innovation into new ventures and tackling some of the key challenges of the academic entrepreneurial process. This case is particularly interesting because it can be seen as an “Enterprises Factory” that has already created 14 startups. It differs from both incubators and venture capital funds because it combines different forms of support—including both technical competencies to develop the innovation and managerial and entrepreneurial skills to create a new venture—and also acts as a founder of each new venture. The paper has theoretical and practical implications since it describes how this innovative business model fosters academic entrepreneurship, and it provides a model for possible replication in different contexts.

previous article Of early birds and phantoms: how sold-out discounts impact entrepreneurial success in reward-based crowdfunding

next article Understanding the influence of digitalization on service firm business model design: a qualitative-empirical analysis

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Agarwal R, Shah SK (2014) Knowledge sources of entrepreneurship: firm formation by academic, user and employee innovators. Res Policy 43(7):1109–1133CrossRef

Aldridge TT, Audretsch D (2011) The Bayh-Dole Act and scientist entrepreneurship. Res Policy 40(8):1058–1067CrossRef

Autio E, Kenney M, Mustar P, Siegel D, Wright M (2014) Entrepreneurial innovation: the importance of context. Res Policy 43(7):1097–1108CrossRef

Baldini N, Fini R, Grimaldi R (2015) The transition towards entrepreneurial universities: an assessment of academic entrepreneurship in Italy. In: Link AN, Siegel DS, Wright M (eds) The Chicago handbook of university technology transfer and academic entrepreneurship. University of Chicago Press, Chicago, pp 218–244CrossRef

Barbero JL, Casillas JC, Wright M, Garcia AR (2014) Do different types of incubators produce different types of innovations? J Technol Transf 39(2):151–168CrossRef

Carayannis EG, Campbell DFJ (2009) ‘Model 3’ and ‘Quadruple Helix’: toward a 21st century fractal innovation ecosystem. Int J Technol Manag 46(3/4):201–234CrossRef

Clarysse B, Tartari V, Salter A (2011a) The impact of entrepreneurial capacity, experience and organizational support on academic entrepreneurship. Res Policy 40(8):1084–1093CrossRef

Clarysse B, Wright M, Van de Velde E (2011b) Entrepreneurial origin, technological knowledge, and the growth of spin-off companies. J Manag Stud 48(6):1420–1442CrossRef

Colombo MG, Piva E (2012) Firms’ genetic characteristics and competence-enlarging strategies: a comparison between academic and non-academic high-tech start-ups. Res Policy 41(1):79–92CrossRef

Corbin J, Strauss A (1990) Grounded theory research: procedures, canons and evaluative criteria. Qual Sociol 13(1):3–21CrossRef

Covin JG, Slevin DP (1991) A conceptual model of entrepreneurship as firm behavior. Entrep Theory Pract 16(1):7–26CrossRef

Davey T, Rossano S, van der Sijde P (2016) Does context matter in academic entrepreneurship? The role of barriers and drivers in the regional and national context. J Technol Transf 41(6):1457–1482CrossRef

Denzin NK, Lincoln YS (1994) Handbook of qualitative research. Sage Publications Inc, Thousand Oaks

Dess GG, Lumpkin GT, McKee JE (1999) Linking corporate entrepreneurship to strategy, structure, and process: suggested research directions. Entrep Theory Pract 23(3):85–103CrossRef

Di Gregorio D, Shane S (2003) Why do some universities generate more start-ups than others? Res Policy 32(2):209–227CrossRef

Eisenhardt KM, Graebner ME (2007) Theory building from cases: opportunities and challenges. Acad Manag J 50(1):25–32CrossRef

Ensley MD, Hmieleski KM (2005) A comparative study of new venture top management team composition, dynamics and performance between university-based and independent start-ups. Res Policy 34(7):1091–1105CrossRef

Ferreira JJM, Fernandes CI, Kraus S (2017) Entrepreneurship research: mapping intellectual structures and research trends. Rev Manag Sci. https://doi.org/10.1007/s11846-017-0242-3 CrossRef

Financial Times (2017) The FT 1000: 1000 Europe’s fastest growing companies. https://ig.ft.com/ft-1000/

Helm R, Mauroner O (2007) Success of research-based spin-offs. State-of-the-art and guidelines for further research. Rev Manag Sci 1(3):237–270CrossRef

Kedmenec I, Strašek S (2017) Are some cultures more favourable for social entrepreneurship than others? Econ Res Ekonomska Istrazivanja 30(1):1461–1476CrossRef

Krueger NF, Reilly MD, Carsrud AL (2000) Competing models of entrepreneurial intentions. J Bus Ventur 15(5–6):411–432CrossRef

Lockett A, Wright M (2005) Resources, capabilities, risk capital and the creation of university spin-out companies. Res Policy 34(7):1043–1057CrossRef

Markin E, Swab RG, Marshall DR (2017) Who is driving the bus? An analysis of author and institution contributions to entrepreneurship research. J Innov Knowl 2(1):1–9CrossRef

McFadzean E, O’Loughlin A, Shaw E (2005) Corporate entrepreneurship and innovation part 1: the missing link. Eur J of Innov Manag 8(3):350–372CrossRef

Miles MB, Huberman MA (1994) Qualitative data analysis: an expanded sourcebook, 2nd edn, 20(1):159–160

O’Shea RP, Allen TJ, Chevalier A, Roche F (2005) Entrepreneurial orientation, technology transfer and spinoff performance of U.S. universities. Res Policy 34(7):994–1009CrossRef

Olugbola SA (2017) Exploring entrepreneurial readiness of youth and startup success components: entrepreneurship training as a moderator. J Innov Knowl 2(3):155–171CrossRef

Rasmussen E, Wright M (2015) How can universities facilitate academic spin-offs? An entrepreneurial competency perspective. J Technol Transf 40(5):782–799CrossRef

Richter C, Kraus S, Syrjä P (2015) The shareconomy as a precursor for digital entrepreneurship business models. Int J Entrep Small Bus 25(1):18–35CrossRef

Roig-Tierno N, Kraus S, Cruz S (2018) The relation between coopetition and innovation/entrepreneurship. Rev Manag Sci 12(2):379–383CrossRef

Schmitz A, Urbano D, Dandolini GA, de Souza JA, Guerrero M (2017) Innovation and entrepreneurship in the academic setting: a systematic literature review. Int Entrep Manag J 13(2):369–395CrossRef

Schumpeter JA (1989) Essays: on entrepreneurs, innovations, business cycles and the evolution of capitalism. Taylor & Francis Group Ltd, Routledge

Shah SK, Tripsas M (2007) The accidental entrepreneur: the emergent and collective process of user entrepreneurship. Strateg Entrep J 1(1–2):123–140CrossRef

Shane S (2001) Technology regimes and new firm formation. Manag Sci 47(9):1173–1190CrossRef

Shane S (2003) A general theory of entrepreneurship: the individual-opportunity nexus. Edward Elgar Publishing, CheltenhamCrossRef

Shane S, Khurana R (2003) Bringing individuals back in: the effects of career experience on new firm founding. Ind Corp Change 12(3):519–543CrossRef

Shane S, Stuart T (2002) Organizational endowments and the performance of university start-ups. Manag Sci 48(1):154–170CrossRef

Stake RE (1995) The art of case study research. Sage Publications, Inc, Thousand Oaks

Stuart TE, Ding WW (2006) When do scientists become entrepreneurs? The social structural antecedents of commercial activity in the academic life sciences. Am J Sociol 112(1):97–144CrossRef

Visintin F, Pittino D (2014) Founding team composition and early performance of university—based spin-off companies. Technovation 34(1):31–43CrossRef

Vohora A, Wright M, Lockett A (2004) Critical junctures in the development of university high-tech spinout companies. Res Policy 33(1):147–175CrossRef

Yin RK (2003) Case study research. Design and methods, vol 26. Sage Publications Inc, Thousand Oaks

Title: Fostering entrepreneurship: an innovative business model to link innovation and new venture creation
Authors: Barbara Del Bosco
Roberto Chierici
Alice Mazzucchelli
Publication date: 05-12-2018
Publisher: Springer Berlin Heidelberg
Published in: Review of Managerial Science / Issue 3/2019
Print ISSN: 1863-6683
Electronic ISSN: 1863-6691
DOI: https://doi.org/10.1007/s11846-018-0318-8

Springer Professional

Abstract

Please log in to get access to your license.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Other articles of this Issue 3/2019

Of early birds and phantoms: how sold-out discounts impact entrepreneurial success in reward-based crowdfunding

Predicting customer quality in e-commerce social networks: a machine learning approach

The perception of value of platform-based business models in the sharing economy: determining the drivers of user loyalty

Customer satisfaction and repurchase intention theory for the online sharing economy

Participation in crowdfunding among users of collaborative platforms: the role of innovativeness and social capital

Digital innovation and venturing: an introduction into the digitalization of entrepreneurship