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...

Universities are increasingly emphasizing the creation of new companies as a mechanism for commercialization of intellectual property. This special issue provides a timely opportunity to assess the rise of entrepreneurial activity at universities and its organizational and societal implications....