Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global Crisis

In recent years, the promotion of university spin-offs has become a measure adopted by many European universities to facilitate the commercialization of new technologies and knowledge that can lead to more sustainable economies and societies. However, the effectiveness of universitybased companies h...

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Detalhes bibliográficos
Autores: Toledano Garrido, Nuria, Gessa Perera, Ana, Sánchez Herrera, María Reyes
Formato: artículo
Fecha de publicación:2022
País:España
Recursos:Universidad de Huelva (UHU)
Repositorio:Arias Montano. Repositorio Institucional de la Universidad de Huelva
Idioma:inglés
OAI Identifier:oai:ariasmontano.uhu.es:10272/21559
Acesso em linha:https://hdl.handle.net/10272/21559
Access Level:acceso abierto
Palavra-chave:Analytic hierarchy process (AHP)
University spin-offs
Academic entrepreneurship
Technology transfer
Entrepreneurial universities
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spelling Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global CrisisToledano Garrido, NuriaGessa Perera, AnaSánchez Herrera, María ReyesAnalytic hierarchy process (AHP)University spin-offsAcademic entrepreneurshipTechnology transferEntrepreneurial universitiesIn recent years, the promotion of university spin-offs has become a measure adopted by many European universities to facilitate the commercialization of new technologies and knowledge that can lead to more sustainable economies and societies. However, the effectiveness of universitybased companies has also been questioned, as many of them are resource-constrained, remain small in size and struggle to consolidate once they leave the university context. This paper addresses two main research questions: what are the critical factors inhibiting the consolidation, performance, and sustainable development of university spin-offs at a mid-range European university, and which critical factors need to be addressed the most thoroughly by the university’s support programs in order to improve their efficiency? To answer these questions, we collected relevant information from a panel of experts and interviewed academic entrepreneurs from a public university in the South of Spain. The analytic hierarchy process was applied to identify and prioritize the critical factors and sub-factors encountered by the university-based companies. The results show that poor management is the biggest critical factor in the consolidation of the spin-offs. One implication, the findings of our study reveal, is the need for university administrators to improve support for university spin-offs in terms of managing the new business as opposed to prioritizing the difficulties associated with the launch. Another is the need to raise awareness among faculties of the importance of finding an appropriate balance between technical and managerial skills in order to improve the chances of entrepreneurial successMDPI20222022-10-0120222022-10-01journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10272/21559reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelvainstname:Universidad de Huelva (UHU)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución-NoComercial-SinDerivadas 3.0 Españahttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:ariasmontano.uhu.es:10272/215592026-06-02T14:58:11Z
dc.title.none.fl_str_mv Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global Crisis
title Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global Crisis
spellingShingle Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global Crisis
Toledano Garrido, Nuria
Analytic hierarchy process (AHP)
University spin-offs
Academic entrepreneurship
Technology transfer
Entrepreneurial universities
title_short Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global Crisis
title_full Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global Crisis
title_fullStr Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global Crisis
title_full_unstemmed Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global Crisis
title_sort Rethinking the Resources and Responsibilities of University Spin-Offs: Critical Factors in Times of Global Crisis
dc.creator.none.fl_str_mv Toledano Garrido, Nuria
Gessa Perera, Ana
Sánchez Herrera, María Reyes
author Toledano Garrido, Nuria
author_facet Toledano Garrido, Nuria
Gessa Perera, Ana
Sánchez Herrera, María Reyes
author_role author
author2 Gessa Perera, Ana
Sánchez Herrera, María Reyes
author2_role author
author
dc.contributor.none.fl_str_mv
dc.subject.none.fl_str_mv Analytic hierarchy process (AHP)
University spin-offs
Academic entrepreneurship
Technology transfer
Entrepreneurial universities
topic Analytic hierarchy process (AHP)
University spin-offs
Academic entrepreneurship
Technology transfer
Entrepreneurial universities
description In recent years, the promotion of university spin-offs has become a measure adopted by many European universities to facilitate the commercialization of new technologies and knowledge that can lead to more sustainable economies and societies. However, the effectiveness of universitybased companies has also been questioned, as many of them are resource-constrained, remain small in size and struggle to consolidate once they leave the university context. This paper addresses two main research questions: what are the critical factors inhibiting the consolidation, performance, and sustainable development of university spin-offs at a mid-range European university, and which critical factors need to be addressed the most thoroughly by the university’s support programs in order to improve their efficiency? To answer these questions, we collected relevant information from a panel of experts and interviewed academic entrepreneurs from a public university in the South of Spain. The analytic hierarchy process was applied to identify and prioritize the critical factors and sub-factors encountered by the university-based companies. The results show that poor management is the biggest critical factor in the consolidation of the spin-offs. One implication, the findings of our study reveal, is the need for university administrators to improve support for university spin-offs in terms of managing the new business as opposed to prioritizing the difficulties associated with the launch. Another is the need to raise awareness among faculties of the importance of finding an appropriate balance between technical and managerial skills in order to improve the chances of entrepreneurial success
publishDate 2022
dc.date.none.fl_str_mv 2022
2022-10-01
2022
2022-10-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10272/21559
url https://hdl.handle.net/10272/21559
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelva
instname:Universidad de Huelva (UHU)
instname_str Universidad de Huelva (UHU)
reponame_str Arias Montano. Repositorio Institucional de la Universidad de Huelva
collection Arias Montano. Repositorio Institucional de la Universidad de Huelva
repository.name.fl_str_mv
repository.mail.fl_str_mv
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