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Academic Entrepreneurship in Europe by Mike Wright, Bart Clarysse, Philippe Mustar, Andy Lockett

By Mike Wright, Bart Clarysse, Philippe Mustar, Andy Lockett

Educational Entrepreneurship in Europe Wright, M. Clarysse, B. Mustar, P. Lockett, A. This ebook advances our knowing of college spin-off construction and improvement in environments outdoors the high-tech clusters of the U.S.. whereas there was massive college spin-off job the world over in recent times, a variety of significant elements are little understood. The authors argue that the nature of universities is altering as diminished public investment displays a public debate on their position in society. a big point of this overseas phenomenon is an elevated emphasis at the commercialization of collage study and on educational entrepreneurship. those new ventures hence contain the spinning-off of know-how and information generated through universities. The authors undertake a multi-level technique of their exam of collage spin-offs. ecu case stories are in particular chosen to mirror the range of the institutional surroundings. In specific, devices of research concerning universities, expertise move workplaces, spin-off businesses, finance services and person marketers and groups are largely analysed in quantitative and qualitative experiences. To finish, coverage implications for the long run profitable improvement of spin-offs are pointed out. This attention-grabbing publication will attract a wide-ranging viewers together with lecturers, coverage makers, researchers and practitioners with an curiosity in educational entrepreneurship and college spin-offs, and, extra more often than not, in enterprise and administration and entrepreneurship.

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In Italy a recent Decree allows academics–researchers to be seconded to industry, primarily to SMIs (small and medium-sized industries) and start-ups, for a period of four years, renewable once. A similar programme has existed since 2002 in Flanders and since 1999 in Wallonia. In these autonomous regions in Belgium, the post-doctoral researchers can make use of a scholarship to get involved in the start-up process of a spinoff company. In Germany, France and Flanders a return to the parent institution in case of failure of the start-up is provided for.

The projects in the first two stages were selected based on contacts with TTOs, which helped us to obtain some understanding of which seemed to be potential spin-off opportunities. Teams that had got in touch with the TTO in order to protect their IP and that had recently filed or obtained a patent were selected. At the time of the study, the teams at the first stage were considering the options they had to commercialize their IP, of which a spin-off was only one possibility. The teams in the second phase had identified a market opportunity and had decided to create a spin-off.

This fund has a budget of 100 million euros and is involved in pre-seed, seed and early stage venture capital. In the pre-seed and seed stage, additional coaching is given to improve business plans and finance market research activities. France is another country in our study, which has created a 100 per cent public fund (one-third Caisse des Dépôts et Consignations [CDC],1 one-third French State and one-third European Investment Fund) to finance the pre-seed and seed stage (Fonds de co-investissement pour les jeunes entreprises [FCJE].

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