Abstract
University start-ups are, in the Organisation for Economic Co-operation and Development (OECD) and European Union (EU) policy setting, viewed as important means to transform scientific advances into innovations, corresponding both to market and societal needs (Mowery & Sampat, 2005; Rider, Hasselberg, & Waluszewski, 2013). The high expectations on the ability to directly transform social and material resources, valuable in an academic research setting, into new products/services to contribute possible value in a business setting are rooted in the so-called 1990s science and innovation policy doctrine, with the OECD as its most prominent advocate (Eklund, 2007; Waluszewski, 2011). The doctrine points to university research as an important but underutilised direct source of innovation for growth and societal welfare. In the wake of this policy regime, a number of measures have been undertaken to stimulate the commercialisation of research results, with the establishment of university start-ups as a key measure.
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Notes
- 1.
This question relates to the disputed question on how the focus in commercialisation affects the content and direction of research, discussed in Rider et al. (2013).
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Shih, T., Waluszewski, A. (2017). 9 The Challenging Life of University Start Ups: The Different View of Value Creation in a Policy Setting Compared to a Business Setting. In: Aaboen, L., La Rocca, A., Lind, F., Perna, A., Shih, T. (eds) Starting Up in Business Networks. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-52719-6_10
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