The emergence of knowledge-based societies over the past decades has spurred research on the specific role of universities in innovation systems. The notion of academic entrepreneurship has gained acceptance among communities of researchers, practitioners and policy makers (Etzkowitz et al.,...

Based on a case study of three asymmetric new venture development (ANVD) alliances, we examine the governance of transitions from exploration to exploitation. We propose that role deficiencies, technological asymmetry, and the presence of a separate venture unit at established firms constitute...