The importance of financial resources and ownership of intellectual property rights for university spin-offs: the cases of Finland and Sweden

Ignat Kulkov*, Björn Berggren, Kent Eriksson, Magnus Hellström, Kim Wikström

*Korresponderande författare för detta arbete

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

Sammanfattning

Purpose: This paper focuses on medical device university spin-offs (USOs), taking into account the peculiarities of financial and nonfinancial support and intellectual property rights (IPRs). The authors declare that these parameters play a significant role in business development at the early stages. Design/methodology/approach: This empirical data consist of individual and group interviews in Finland and Sweden, which are later inductively analyzed. Findings: The results show that public financial support contributes to the formation and start of sales stages in small countries and local markets. However, at the validation stage, approaches for supporting entrepreneurship in the field of medical devices may differ. The ownership of IPRs assists in the development of entrepreneurship in the region due to the transfer of research results and researchers to the industry and increases the number of spin-offs and the cooperation of universities with business. Originality/value: This contribution is in the identification of the key parameters for the formation, support and development of the USOs from the point of view of the availability of financial resources and the ownership of IPRs.

OriginalspråkEngelska
Sidor (från-till)1125-1147
Antal sidor23
TidskriftJournal of Small Business and Enterprise Development
Volym27
Utgåva7
DOI
StatusPublicerad - 15 okt 2020
MoE-publikationstypA1 Tidskriftsartikel-refererad

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