University spin-off firms: lessons from ten years of experience in Europe

摘要

This paper advances our understanding of university spin-off creation and development in environments outside the high-tech cluster of the USA. It adopts a multi-level approach in its examination of this phenomenon in diverse institutional environments. In particular, units of analysis involving universities, technology transfer offices, spin-off firms, finance providers and individual entrepreneurs and teams are analysed. Policy implications are analysed and recommendations are proposed for current policy on university spin-offs.