University Spin-offs: Incidence and Performance
It has become commonplace to consider firm start-ups originating from research institutions as drivers of innovation, productivity, and employment. Some of these start-ups – often referred to as spin-offs – have proven extremely successful in terms of growth and productivity. Therefore, this entrepreneurial phenomenon has generated an interest not only within academia but also among policy-makers. Yet, there is a big lack of knowledge with respect to academic spin-offs. This leaves policymakers with little guidance regarding the question of whether or not to support academic spin-off activity, and, if so, how to foster academic spin-offs.