The Entrepreneurial Ecosystem: Actors and Performance in Different Stages of Evolution of Academic Spinoffs
Abstract
The importance of entrepreneurial ecosystems is accentuated in the academic entrepreneurship context since academic spinoffs (ASOs) must rely on actors from the ecosystem to access resources they lack in order to improve their performance. This study analyzes the impact that actors from social and institutional (university and nonuniversity) contexts in the entrepreneurial ecosystem have on ASO performance in the stage of creation and initial development and in the stage of consolidation. From a sample of 118 ASOs in the initial stage and 47 ASOs in the consolidation stage, the results indicate that social and institutional contexts improve the performance of ASOs in both phases of development, although the relevance of each context varies with the stage. In the creation and initial development stage, the institutional context affects the ASOs’ performance to a greater extent, while the influence of the social context is less strong. Science parks from the institutional context are the most relevant actors in this phase. In the consolidation phase, social context is the most relevant for improving the performance of ASOs, with the venture capitalist being the actor that exerts more influence. With respect to the institutional context, performance is only affected by the nonuniversity context in this stage.
Funding statement: This work was supported by Spanish Ministry of Economy and Competitiveness and European Regional Development Fund, Grant Number: ECO2015-67721-P.
Disclosure statement: No potential conflict of interest was reported by the authors.
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© 2020 Walter de Gruyter GmbH, Berlin/Boston
Artikel in diesem Heft
- Introductions
- University-based Venture Development Organizations
- Venture Support Organizations – Lighting a Path for Entrepreneurship in South Africa?
- The Relevance of Makerspaces for University-based Venture Development Organizations
- Research Articles
- Of Horses and Jockeys: Perceptions by Academic Entrepreneurs
- A Framework for Designing Business-Acceleration Programs: A Case Study from Egypt
- A Study of Key Indicators of Development for University-Based Entrepreneurship Ecosystems in Taiwan
- The Entrepreneurial Ecosystem: Actors and Performance in Different Stages of Evolution of Academic Spinoffs
Artikel in diesem Heft
- Introductions
- University-based Venture Development Organizations
- Venture Support Organizations – Lighting a Path for Entrepreneurship in South Africa?
- The Relevance of Makerspaces for University-based Venture Development Organizations
- Research Articles
- Of Horses and Jockeys: Perceptions by Academic Entrepreneurs
- A Framework for Designing Business-Acceleration Programs: A Case Study from Egypt
- A Study of Key Indicators of Development for University-Based Entrepreneurship Ecosystems in Taiwan
- The Entrepreneurial Ecosystem: Actors and Performance in Different Stages of Evolution of Academic Spinoffs