University of Twente Student Theses


Road to success : surpassing the early stages of university spin-off development

Theeuwen, Thorsten (2021) Road to success : surpassing the early stages of university spin-off development.

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Abstract:University spin-offs (USO´s) are ventures that are founded within a university and based on academic research, with the objective to commercialize a new technology or innovation. Although they represent a viable opportunity to transform academic knowledge into economically sustainable businesses, their potential is still not being utilized to the full extent. Existing academic literature shows that the ability to acquire funding is of high importance for USO´s to surpass the early stages of development and become financially sustainable. This study builds on a USO development framework revealing five phases that academic ventures must transition through. The study was done by performing a content analysis and a binary logistic regression on an aggregated dataset consisting of 242 funding proposals submitted to the NWO, the leading Dutch research authority that provides public funding for academic ventures. Results of the study show that the personal motivation and the level of elaboration of the business model have a significant impact on the ability of USO´s to attract early-stage public funding, which is essential in the development of a spin-off company into a sustainable business. These results are put into context, translating them into practical implications for both entrepreneurs and public bodies.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
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