Article: The role of pre-formation intangible assets in the endowment of science-based university spin-offs Journal: International Journal of Technology Management (IJTM) 2024 Vol.96 No.4 pp.230 - 260 Abstract: Science-based university spin-offs face considerable technology and market uncertainty over extended periods of time, increasing the challenges of commercialisation. Scientist-entrepreneurs can play formative roles in commercialising lab-based scientific inventions through the formation of well-endowed university spin-offs. Through case study analysis of three science-based university spin-offs within a biotechnology innovation ecosystem, we unpack the impact of <i>pre-formation</i> intangible assets of academic scientists (research excellence, patenting, and international networks) and their entrepreneurial capabilities on spin-off performance. We find evidence that the pre-formation entrepreneurial capabilities of academic scientists can endow science-based university spin-offs by leveraging the scientists' pre-formation intangible assets. A theory-driven model depicting the role of pre-formation intangible assets and entrepreneurial capabilities in endowing science-based university spin-offs is developed. Recommendations are provided for scholars, practitioners, and policymakers to more effectively commercialise high potential inventions in the university lab through the development and deployment of pre-formation intangible assets and entrepreneurial capabilities. Inderscience Publishers - linking academia, business and industry through research

Title: The role of pre-formation intangible assets in the endowment of science-based university spin-offs

Authors: Andrew Park; Azadeh Goudarzi; Pegah Yaghmaie; Varkey Jon Thomas; Elicia Maine

Addresses: Gustavson School of Business, University of Victoria, Canada ' Beedie School of Business, Simon Fraser University, Canada ' Beedie School of Business, Simon Fraser University, Canada ' School of Business, University of the Fraser Valley, Abbotsford, Canada ' Beedie School of Business, Simon Fraser University, Canada

Abstract: Science-based university spin-offs face considerable technology and market uncertainty over extended periods of time, increasing the challenges of commercialisation. Scientist-entrepreneurs can play formative roles in commercialising lab-based scientific inventions through the formation of well-endowed university spin-offs. Through case study analysis of three science-based university spin-offs within a biotechnology innovation ecosystem, we unpack the impact of pre-formation intangible assets of academic scientists (research excellence, patenting, and international networks) and their entrepreneurial capabilities on spin-off performance. We find evidence that the pre-formation entrepreneurial capabilities of academic scientists can endow science-based university spin-offs by leveraging the scientists' pre-formation intangible assets. A theory-driven model depicting the role of pre-formation intangible assets and entrepreneurial capabilities in endowing science-based university spin-offs is developed. Recommendations are provided for scholars, practitioners, and policymakers to more effectively commercialise high potential inventions in the university lab through the development and deployment of pre-formation intangible assets and entrepreneurial capabilities.

Keywords: intangible assets; entrepreneurial capabilities; university spin-offs; scientist-entrepreneurs; academic scientists; dynamic capabilities; firm performance; pre-formation; biotechnology; science-based ventures; international networks; innovation policy; academic entrepreneurship; science innovation; innovation ecosystems.

DOI: 10.1504/IJTM.2024.140712

International Journal of Technology Management, 2024 Vol.96 No.4, pp.230 - 260

Received: 03 Jan 2022
Received in revised form: 10 Nov 2022
Accepted: 22 Dec 2022
Published online: 02 Sep 2024 *

Title: The role of pre-formation intangible assets in the endowment of science-based university spin-offs

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