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Ready to start-up? The way to acquire early-stage USO funding

Duin, Vera van (2021) Ready to start-up? The way to acquire early-stage USO funding.

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Abstract:University Spin-Offs (USOs) have become more popular, a rapid increase in technology-based economic development initiatives happened. These lead to significant changes in research commercialization and the generation of economic, technological and societal impact. Despite the positive messages, most of the USOs fail because of liabilities as newness and smallness. USOs go through different development phases, for moving phases it is important that USOs have sufficient financial resources, these can be provided by the Dutch Research Council (NWO). Since the amount of funding is limited it is important to know which factors positively influence early growth stage entrepreneurial successes for small business startups to acquire early-stage funding. This research examines how technology innovation, market knowledge, business model and balanced founding team influence the development of gaining this crucial early-stage governmental funding and surviving on the market. Data from 242 USO funding proposals is used in this study. Our study shows that market knowledge, business planning and motivation and commitment positively contribute to funding success. Our study also indicated that receiving funding is positively related to USO survival. The findings from this study contribute to a better understanding of the research commercialization process and provide new insights to long-term benefits of USOs.
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/86623
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