Academic spin-offs, formal technology transfer and capital raising
In this article we examine the influence of formal technology transfer from a public research organization (PRO) on the amount of capital a spin-off raises at start-up and the increase in capital post start-up. We examine these relationships using a unique sample of 135 spin-offs from PROs across five European countries. Our findings suggest that spin-offs with formal technology transfer start with a larger amount of capital but subsequently do not raise more capital than spin-offs without formal technology transfer. Copyright 2007 , Oxford University Press.
Year of publication: |
2007
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Authors: | Clarysse, Bart ; Wright, Mike ; Lockett, Andy ; Mustar, Philippe ; Knockaert, Mirjam |
Published in: |
Industrial and Corporate Change. - Oxford University Press. - Vol. 16.2007, 4, p. 609-640
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Publisher: |
Oxford University Press |
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