Academic spinoffs: the role of entrepreneurship education
New ventures depend on the capability of entrepreneurs to transform an idea or a technology into a successful company. The literature on entrepreneurship has recognized that Entrepreneurship Education (EE) plays a key role in this process, but the literature on academic spinoffs has focused on other determinants (e.g., Technology Transfer Offices - TTO, and university research expenditures). This research investigates the role of EE in the creation of academic spinoffs by using a new dataset built around 1262 entrepreneurship courses offered between 2011 and 2014 by 80 US universities included in the Licensing Survey by the Association of University Technology Managers - AUTM). Adopting a Poisson panel regression model, we show that, in addition to TTO size and university research expenditures, EE favours the creation of academic spinoffs. Moreover, we find that practical – rather than theoretical - entrepreneurship courses favour the creation of academic spinoffs. We conclude discussing the theoretical and practical implications for universities, students and scholars interested in entrepreneurship.
KeywordsEntrepreneurship education Academic spinoff Academic entrepreneurship University entrepreneurship
This work has been partially supported by “Ministero dell’Istruzione, dell’Università e della Ricerca” Award “TESUN-83486178370409 finanziamento dipartimenti di eccellenza CAP. 1694 TIT. 232 ART. 6”.
Compliance with ethical standards
Conflict of interest
The authors declare that they have no conflict of interest.
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