University spin-out companies face major impediment ofaccess to venture capital. Using a finance pecking order perspective, thisstudy examines the problems that university spin-out (USO) companies face whenseeking venture capital. Focus is on USOs that are expected to have growthprospects but...

Introduction -- Public policies to foster academic spin-offs -- Types of spin-offs -- Processes at the institutional level : incubation models -- Processes at the firm level : phases and models of development -- Entrepreneurial teams in spin-offs -- Financial constraints and access to finance --...