University of Twente Student Theses
The effect of technological determinants on university spin-off funding : examples from the Netherlands
Jongsma, K. (2022) The effect of technological determinants on university spin-off funding : examples from the Netherlands.
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| Abstract: | University spin-offs (USOs), ventures which are based on publicly funded research, are one of the most direct and visible forms of the commercialization of scientific knowledge. Because of their potential economic value and positive impact on our society policymakers have developed a growing interest to support USOs. However, many early-stage USOs fail to achieve firm growth and are not successful in creating economic impact because they have difficulties with the obtainment of funding. This paper describes the effect of technological determinants on the obtainment of governmental funding by analysing a sample of 109 proposals which were filed for the valorisation grant. The data was collected using content analysis based on a fully aggregated and anonymized data set. Binary logistic regression was used as statistical test in order to analyse our data. The results indicate that two of our tested variables seem to be positive and significant. First of all we found a positive and significant effect of radicalness of technology on the obtainment of funding. The results indicate that USOs that develop radical technologies in combination with radical business models are more likely to obtain funding. Secondly, we found a positive and significant effect of intellectual property, in the form of a patent, on the obtainment of governmental funding. These results indicate that USOs that possess a patent are more likely to obtain governmental funding. Implications of this research contribute towards filling the gap in the literature regarding the topic of firm-level determinants and their influence on the obtainment of funding by USOs. In addition, the results are valuable for academic entrepreneurs and policymakers who seek to broaden their knowledge regarding the influence of technological determinants on the obtainment of USO funding. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/92107 |
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