Social Networks and the Success of University Spin-offs: Toward an Agenda for Regional Growth

摘要

This study explores the economic factors that are associated with the success of university spin-offs. Drawing on a unique sample of academic entrepreneurs from research institutions in New York State, the article finds that spin-off success is dependent on both the type and size of the academic entrepreneur's social network. Specifically, extraregional networks of nonacademic contacts-including investors, researchers from other companies, and advisors-allow academic entrepreneurs access to a broader base of knowledge and other resources important to spin-off success, which leads to regional economic development.