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Money well-spent – What university spin-off characteristics lead to early-stage governmental funding acquisition?

Verplak, W. (2021) Money well-spent – What university spin-off characteristics lead to early-stage governmental funding acquisition?

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Abstract:University spin-offs (USOs) are entrepreneurial start-ups that have grown to be of great importance for academic institutions as a way to commercialize their innovations. Even though these innovative ventures became of this importance, there was still not much knowledge on what actually influences their success. One thing that was apparent from previous studies was that access to financial resources, specifically governmental funding in the earlier stages of development, was crucial for USOs to be able to make progress. In this research paper, the goal was to find factors that influence the acquisition of early-stage governmental funding. This was done by analysing a dataset based on information from the Dutch Research Council (NWO), which included USO grant proposals submitted for evaluation of the Valorisation Grant programme. The analysis was done by content analysis and binary logistic regression analysis. Results from this analysis showed that both having a balanced founders’ team of the USO and the entrepreneurs’ possession over the opportunity refinement competency had a significant positive effect on the USOs ability to obtain governmental funding. These two factors were identified as factors that had a positive influence on the university spin-off’s ability to obtain early-stage governmental funding, which is crucial for USOs in order to build their venture credibility and eventually grow into a successful business.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:http://purl.utwente.nl/essays/86611
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