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Determining success factors for the acquisition of government funding and spinoff survival in early stages of university spinoffs

Dorsthorst, M.J. te (2021) Determining success factors for the acquisition of government funding and spinoff survival in early stages of university spinoffs.

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Abstract:The importance of University spinoffs (USOs) is captured in the commercialization of academic research and the impact that they generate within their industry. The available literature indicates that a USO must cross certain junctures in their lifetime in order to be successful. The acquisition of funding is an important subject in crossing the credibility juncture. In this research paper, the goal was to find success factors that contribute to the likelihood of acquiring funding and finding the relationship between the acquisition of funding and company survival amongst university spinoffs. This paper analyses a dataset, the Dutch Research Council. Results of the analysis shows that the entrepreneurial competencies of business planning, the marketing competency and the organizational championing competency have a significant positive effect with the likelihood of acquiring government funding. Furthermore, the acquisition of funding has a significant positive effect on the survival of the USO. These results contribute to the current literature, by establishing the validity of the success factors in an early stage USO. In addition, the USOs can use these results to develop specific areas of their company, to provide a better situation to acquire government funding and to have a future with more certainty of survival.
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/86625
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