<abstract xmlns="http://www.w3.org/1999/xhtml"><p><bold>Background:</bold> Transfer of knowledge from academia to business is one of the crucial issues for creating innovation. Creation of university spin-offs could significantly improve this transfer. <bold>Objectives:</bold> The main scientific aim is to examine the differences between universities in European countries and identify factors affecting the probability of creating the university spin-off. The paper is also focused on the differences in the specialization and financial sources of universities. <bold>Methods/Approach:</bold> We compare selected indicators for higher education institutions in European countries and examine potential determinants affecting the probability of academic spin-off formation. With respect to the main aim, the logit and probit regression analyses have been used. <bold>Results:</bold> Our results show that the creation of spin-offs is typical on the one hand for highly specialized universities or on the other hand for universities with a wide variety of study programs. They should also have an optimum number of doctoral students and have mostly less funding from tuition fees. <bold>Conclusions:</bold> Several indicators appear to play an important role in the formation of university spin-off. These indicators are the level of specialization, the share of tuition fees in the University budget, and the share of Ph.D. and foreign students.</p></abstract>

Background: Transfer of knowledge from academia to business is one of the crucial issues for creating innovation. Creation of university spin-offs could significantly improve this transfer. Objectives: The main scientific aim is to examine the differences between universities in European countries and identify factors affecting the probability of creating the university spin-off. The paper is also focused on the differences in the specialization and financial sources of universities. Methods/Approach: We compare selected indicators for higher education institutions in European countries and examine potential determinants affecting the probability of academic spin-off formation. With respect to the main aim, the logit and probit regression analyses have been used. Results: Our results show that the creation of spin-offs is typical on the one hand for highly specialized universities or on the other hand for universities with a wide variety of study programs. They should also have an optimum number of doctoral students and have mostly less funding from tuition fees. Conclusions: Several indicators appear to play an important role in the formation of university spin-off. These indicators are the level of specialization, the share of tuition fees in the University budget, and the share of Ph.D. and foreign students.

What matters: The Formation of University Spin-offs in Europe

Business Systems Research Journal

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"What matters: The Formation of University Spin-offs in Europe"}

Background: Transfer of knowledge from academia to business is one of the crucial issues for creating innovation. Creation of university spin-offs could...

What matters: The Formation of University Spin-offs in Europe

Published Online: May 09, 2019

Page range: 138 - 152

Received: Dec 05, 2018

Accepted: Jan 24, 2019

DOI: https://doi.org/10.2478/bsrj-2019-0010

Keywords
Universities, University Spin-off, Research, Innovation, Higher education, Europe

© 2019 Jan Hunady et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

What matters: The Formation of University Spin-offs in Europe

Published Online: May 09, 2019

Page range: 138 - 152

Received: Dec 05, 2018

Accepted: Jan 24, 2019

DOI: https://doi.org/10.2478/bsrj-2019-0010

KeywordsUniversities, University Spin-off, Research, Innovation, Higher education, Europe

© 2019 Jan Hunady et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Universities, University Spin-off, Research, Innovation, Higher education, Europe