University Spin-Off's Transfer Speed - Analyzing the Time from Leaving University to Venture

Müller, Kathrin

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URL:	http://ub-madoc.bib.uni-mannheim.de/2033
URN:	urn:nbn:de:bsz:180-madoc-20338
Document Type:	Working paper
Year of publication:	2008
The title of a journal, publication series:	None
Publication language:	English
Institution:	Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series:	Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject:	330 Economics
Classification:	JEL: M13 L26 J24 C41 ,
Subject headings (SWD):	Spin-off-Unternehmensgründung , Wissens- und Technologietransfer , Fähigkeit
Keywords (English):	academic spin-offs , technology transfer , skill complementarities
Abstract:	For academic spin-offs I analyze the length of time between the founder's leaving of academia and the establishment of his firm. Technology transfer can take place even years after leaving the mother institution. A duration analysis reveals that a longer time-lag is caused by the necessity of assembling complementary skills, either by acquisition by a single founder or by searching for suitable team members. Furthermore, new ventures are established earlier if the intensity of technology transfer is high, the founders have access to university infrastructure, or received informal support by former colleagues.
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