730
Views
1
CrossRef citations to date
0
Altmetric
Research Articles

University venture capital in big data, regional and historical perspective: where and why has it arisen?

, , , , , , , , , & show all
Pages 219-254 | Received 16 Nov 2022, Accepted 20 Feb 2023, Published online: 03 May 2023

References

  • Abreu, M., and V. Grinevich. 2013. “The Nature of Academic Entrepreneurship in the UK: Widening the Focus on Entrepreneurial Activities.” Research Policy 42 (2): 408–422. doi:10.1016/j.respol.2012.10.005.
  • Albats, E., I. Fiegenbaum, and J. A. Cunningham. 2018. “A Micro Level Study of University Industry Collaborative Lifecycle Key Performance Indicators.” The Journal of Technology Transfer 43 (2): 389–431. doi:10.1007/s10961-017-9555-2.
  • Alexander, A. T., and D. P. Martin. 2013. “Intermediaries for Open Innovation: A Competence-Based Comparison of Knowledge Transfer Offices Practices.” Technological Forecasting and Social Change 80 (1): 38–49. doi:10.1016/j.techfore.2012.07.013.
  • Ante, S. E. 2008. Creative Capital: Georges Doriot and the Birth of Venture Capital. Boston: Harvard Business Press.
  • Beauhurst. 2022. “Free Report: High-Growth in London 2022.” Accessed January 26 2023. https://www.beauhurst.com/research/high-growth-london/
  • Berle, A., and G. Means. 1932. The Modern Corporation and Private Property. New York: Macmillan.
  • Bradley, S. R., C. S. Hayter, and A. N. Link. 2013. “Proof of Concept Centers in the United States: An Exploratory Look.” The Journal of Technology Transfer 38 (4): 349–381. doi:10.1007/s10961-013-9309-8.
  • Breznitz, S.M., and H. Etzkowitz, eds. 2017. University Technology Transfer: The Globalization of Academic Innovation. Routledge.
  • Chen, M. N., and C. H. Wu. 2020. “Complementary-In Use Appropriability in Innovative Service Firms: An Empirical Study in Taiwan.” Research Policy 49 (7): 104014. doi:10.1016/j.respol.2020.104014.
  • Clark, B. R. 1998. “Creating Entrepreneurial Universities: Organizational Pathways of Transformation.” Issues in Higher Education. Elsevier Science Regional Sales, 665 Avenue of the Americas, New York.
  • Cohen, W. M., R. R. Nelson, and J. Walsh. 2000. “Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (Or Not).” Working paper no. 7552, National Bureau of Economic Research, Washington, D.C.
  • Croce, A., L. Grilli, and S. Murtinu. 2014. “Venture Capital Enters Academia: An Analysis of University-Managed Funds.” The Journal of Technology Transfer 39 (5): 688–715. doi:10.1007/s10961-013-9317-8.
  • Cruz-Castro, L., and L. Sanz-Menéndez. 2016. “The Effects of the Economic Crisis on Public Research: Spanish Budgetary Policies and Research Organizations.” Technological Forecasting and Social Change 113: 157–167. doi:10.1016/j.techfore.2015.08.001.
  • Draper, W. H., III. 2011. The Startup Game: Inside the Partnership Between Venture Capitalists and Entrepreneurs. New York: St. Martin’s Press.
  • Duryea, E. D., and D. T. Williams. 2013. The Academic Corporation: A History of College and University Governing Boards. New York: Routledge.
  • Earls, A. R. 2004. Digital Equipment Corporation. Mount Pleasant, South Carolina: Arcadia Publishing.
  • Eberhardt, F. 2022. “Causal Models at Multiple Levels of Granularity.” SCLI workshop on logic, rationality & intelligent interaction. Stanford. May 22.
  • Engwall, L. 2008. “The University: A Multinational Corporation.” The University in the Market 84: 9–21.
  • Etzkowitz, H. 1983. “Entrepreneurial Scientists and Entrepreneurial Universities in American Academic Science.” Minerva 21 (2–3): 198–233. doi:10.1007/BF01097964.
  • Etzkowitz, H. 1993. “Enterprises from Science: The Origins of Science-Based Regional Economic Development.” Minerva 31 (3): 326–360. doi:10.1007/BF01098626.
  • Etzkowitz, H. 2002. MIT and the Rise of Entrepreneurial Science. London: Routledge.
  • Etzkowitz, H. 2005. “Making Science Cities: The Triple Helix of Regional Growth and Renewal.” In Science Cities National Workshop.
  • Etzkowitz, H. 2006. “The Renewal of Venture Capital: Toward a Counter-Cyclical Model.” Technology Analysis and Strategic Management 17 (1): 73–87. doi:10.1080/09537320500044578.
  • Etzkowitz, H. 2013. “StartX and the ‘Paradox of Success’: Filling the Gap in Stanford’s Entrepreneurial Culture.” Social Science Information 52 (4): 605–627. doi:10.1177/0539018413498833.
  • Etzkowitz, H., and J. Beddows. 2020. “From Smart Specialization to Insightful Diversification.” Helice 9 (4). December.
  • Etzkowitz, H., M. Gulbrandsen, and J. Levitt. 2000. Public Venture Capital. New York: Harcourt.
  • Etzkowitz, H., F. Solé, and J. M. Piqué. 2007. “The Creation of Born Global Companies Within the Science Cities: An Approach from Triple Helix.” Engevista 9 (2): 149–164.
  • Etzkowitz, H., and C. Zhou. 2017. The Triple Helix: University–Industry–Government Innovation and Entrepreneurship. New York: Routledge.
  • Ferrary, M., and M. Granovetter. 2009. “The Role of Venture Capital Firms in Silicon Valley’s Complex Innovation Network.” Economy and Society 38 (2): 326–359. doi:10.1080/03085140902786827.
  • Goddard, J., E. Hazelkorn, and P. Vallance, eds. 2016. The Civic University: The Policy and Leadership Challenges. Northampton, MA, USA: Edward Elgar Publishing.
  • Gompers, P., and J. Lerner. 2001. “The Venture Capital Revolution.” Journal of Economic Perspectives 15 (2): 145–168. doi:10.1257/jep.15.2.145.
  • Good, M., M. Knockaert, B. Soppe, and M. Wright. 2019. “The Technology Transfer Ecosystem in Academia. An Organizational Design Perspective.” Technovation 82: 35–50. doi:10.1016/j.technovation.2018.06.009.
  • Harrison, R. T., and C. M. Mason. 2000. “The Role of the Public Sector in the Development of a Regional Venture Capital Industry.” Venture Capital 2 (4): 243–253. doi:10.1080/13691060050176988.
  • Hayter, C. S. 2016. “A Social Responsibility View of the Patent-Centric Linear Model of University Technology Transfer.” Duq L Rev 54: 7.
  • Heughebaert, A., and S. Manigart. 2012. “Firm Valuation in Venture Capital Financing Rounds: The Role of Investor Bargaining Power.” Journal of Business Finance & Accounting 39 (3–4): 500–530. doi:10.1111/j.1468-5957.2012.02284.x.
  • Hopkins, M., P. Crane, P. Nightingale, and C. Baden-Fuller. 2013. “‘Buying Big into Biotech: Scale, Financing and the Industrial Dynamics of UK Biotech, 1980-2009.” Industrial and Corporate Change 22 (4): 1–50. doi:10.1093/icc/dtt022.
  • Hsieh, P. F., C. S. Lee, and J. C. Ho. 2012. “Strategy and Process of Value Creation and Appropriation in Service Clusters.” Technovation 32 (7–8): 430–439. doi:10.1016/j.technovation.2011.03.003.
  • Hsu, D. H. 2007. “Experienced Entrepreneurial Founders, Organizational Capital, and Venture Capital Funding.” Research Policy 36 (5): 722–741. doi:10.1016/j.respol.2007.02.022.
  • Hurmelinna-Laukkanen, P., and J. Yang. 2022. “Distinguishing Between Appropriability and Appropriation: A Systematic Review and a Renewed Conceptual Framing.” Research Policy 51 (1): 104417. doi:10.1016/j.respol.2021.104417.
  • Iacobucci, D., A. Iacopini, A. Micozzi, and S. Orsini. 2011. “Fostering Entrepreneurship in Academic Spin-Offs.” International Journal of Entrepreneurship and Small Business 12 (4): 513–533. doi:10.1504/IJESB.2011.039689.
  • Ibrahim, D. M. 2008. “The (Not So) Puzzling Behavior of Angel Investors.” Vanderbilt Law Review 61: 1405.
  • Kang, H. Y. 2020. “Patents as Assets: Intellectual Property Rights as Market Subjects and Objects.” In Assetization. Turning Things into Assets in Technoscientific Capitalism, edited by K. Birch and F. Muniesa, 50. Cambridge, MA: MIT Press.
  • Keeble, D., C. Lawson, B. Moore, and F. Wilkinson. 1999. “Collective Learning Processes, Networking and ‘Institutional thickness’ in the Cambridge Region.” Regional Studies 33 (4): 319–332. doi:10.1080/713693557.
  • Kirby, D. A. 2006. “Creating Entrepreneurial Universities in the UK: Applying Entrepreneurship Theory to Practice.” The Journal of Technology Transfer 31 (5): 599–603. doi:10.1007/s10961-006-9061-4.
  • Kremer, M., A. K. Achleitner, and R. Braun. 2022. “University Venture Capital–The Promise and Pitfalls of University Direct Investments.” Available at SSRN 4016443. doi:10.2139/ssrn.4016443.
  • Lambert, L. 2003. “Leadership Redefined: An Evocative Context for Teacher Leadership.” School Leadership & Management 23 (4): 421–430. doi:10.1080/1363243032000150953.
  • Lawton Smith, H., and J. Glasson. 2005. Public Research High-Tech Spin-Offs: Measuring Performance and Growth in Oxfordshire. Oxford: Oxfordshire Economic Observatory.
  • Lawton Smith, H., and K W. Ho. 2006. “Measuring the Performance of Oxfordshire’s Spin-Off Companies.” Research Policy 35: 1554–1568. doi:10.1016/j.respol.2006.09.022.
  • Lawton-Smith, H., S. Romeo, and R. Waters. 2013. “Entrepreneurship, Innovation and the Triple Helix Model: Evidence from Oxfordshire and Cambridgeshire.” Working Paper. Birkbeck College,University of London, London, UK.
  • Lockett, A., and M. Wright. 2005. “Resources, Capabilities, Risk Capital and the Creation of University Spin-Out Companies.” Research Policy 34 (7): 1043–1057. doi:10.1016/j.respol.2005.05.006.
  • Lockett, A., M. Wright, and S. Franklin. 2003. “Technology Transfer and Universities’ Spin-Out Strategies.” Small Business Economics 20 (2): 185–200. doi:10.1023/A:1022220216972.
  • Maia, C., and J. Claro. 2013. “The Role of a Proof of Concept Center in a University Ecosystem: An Exploratory Study.” The Journal of Technology Transfer 38 (5): 641–650. doi:10.1007/s10961-012-9246-y.
  • Markman, G. D., P. H. Phan, D. B. Balkin, and P. T. Gianiodis. 2005. “Entrepreneurship and University-Based Technology Transfer.” Journal of Business Venturing 20 (2): 241–263. doi:10.1016/j.jbusvent.2003.12.003.
  • Mian, S. A. 2021. “Whither Modern Business Incubation? Definitions, Evolution, Theory, and Evaluation.” In Handbook of research on business and technology incubation and acceleration: A global perspective, edited by S.A. Mian, M. Klofsten, and W. Lamine. Northampton, MA, USA: Edward Elgar Publishing.
  • Minola, T., D. Donina, and M. Meoli. 2016. “Students Climbing the Entrepreneurial Ladder: Does University Internationalization Pay Off?” Small Business Economics 47 (3): 565–587. doi:10.1007/s11187-016-9758-1.
  • Mora, J. G., M. A. Serra, and M. J. Vieira. 2018. “Social Engagement in Latin American Universities.” Higher Education Policy 31 (4): 513–534. doi:10.1057/s41307-017-0069-1.
  • Musselin, C. 2013. “Redefinition of the Relationships Between Academics and Their University.” Higher Education 65 (1): 25–37. doi:10.1007/s10734-012-9579-3.
  • Nicholas, T. 2016. 13. “The Origins of High-Tech Venture Investing in America.” Financial market history, 227. CFA Institute Research Foundation.
  • Owen, G., and M. Hopkins. 2016. Science, the State and the City. Oxford: OUP.
  • Pary, N., and O. Witmeur. 2019. “Financing for New Technology-Based Firms in Brussels.” Brussels Studies: La revue scientifique pour les recherches sur Bruxelles/Het wetenschappelijk tijdschrift voor onderzoek over Brussel/The Journal of Research on Brussels. doi:10.4000/brussels.2227.
  • Perkmann, M., M. McKelvey, and N. Phillips. 2019. “Protecting Scientists from Gordon Gekko: How Organizations Use Hybrid Spaces to Engage with Multiple Institutional Logics.” Organization Science 30 (2): 298–318. doi:10.1287/orsc.2018.1228.
  • Pittaway, L., P. Benedict, Z. Bedő, K. Erdős, and E. Flournoy. 2022. “Exploring Venture Funding in the Entrepreneurial University.” In Strategies for the Creation and Maintenance of Entrepreneurial Universities, edited by C. Henry, B.F.C.C. Gabriel, K. Sailer, E. Bernadó-Mansilla, and K. Lahikainen, 194–221. Hershey, Pennsylvania: IGI Global.
  • Prendergast, P. J., and M. Hennessy. 2016. Global Research Questions and Institutional Research Strategies. edited by, L. Weber and J.J. Duderstadt, 143–154. University priorities and constraints Economica.
  • Quince, S. 1985. The Cambridge Phenomenon: The Growth of High Technology Industry in a University Town. Cambridge, UK: Segal Quince and Partners.
  • Rasmussen, E. 2008. “Government Instruments to Support the Commercialization of University Research: Lessons from Canada.” Technovation 28 (8): 506–517. doi:10.1016/j.technovation.2007.12.002.
  • Roberts, E. B. 1991. Entrepreneurs in High Technology: Lessons from MIT and Beyond. Oxford,UK: Oxford University Press.
  • Sako, M., and M. Qian. 2021. “A Taxonomy for Technology Venture Ecosystems.” Available at SSRN 3822606.
  • Segal, N. S. 1986. “Universities and Technological Entrepreneurship in Britain: Some Implications of the Cambridge Phenomenon.” Technovation 4 (3): 189–204. doi:10.1016/0166-4972(86)90012-X.
  • Shapira, P., and T. Rephann. 1996. “The Adoption of New Technology in West Virginia: Implications for Manufacturing Modernization Policies.” Environment and Planning: C, Government & Policy 14 (4): 431–450. doi:10.1068/c140431.
  • Siegel, D. S., and M. Wright. 2015. “University Technology Transfer Offices, Licensing, and Start-Ups.” Chicago Handbook of University Technology Transfer and Academic Entrepreneurship 1 (40): 84–103.
  • Simmie, J., and R. Martin. 2010. “The Economic Resilience of Regions: Towards an Evolutionary Approach.” Cambridge Journal of Regions, Economy and Society 3 (1): 27–43. doi:10.1093/cjres/rsp029.
  • Smith, H. L., S. Bagchi-Sen, and L. Edmunds. 2019. “Universities, the bioscience sector and local economic development in Oxfordshire: challenges and opportunities.” In Handbook of universities and regional development, edited by A. Varga and K. Erdős, 230–250. Cheltenham: Edward Elgar Publishing.
  • Stevens, A. J. 2004. “The Enactment of Bayh–Dole.” The Journal of Technology Transfer 29 (1): 93–99. doi:10.1023/B:JOTT.0000011183.40867.52.
  • Suard, G., and R. Baldegger. 2018. “Open Innovation Dynamics in an Entrepreneurship Ecosystem.” In Proceedings of the 22nd Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs (No. CONFERENCE), Stuttgart, German, October 10–12.
  • Su, M., Y. Y. Tan, Q. M. Liu, Y. J. Ren, I. Kawachi, L. M. Li, and J. Lv. 2014. “Association Between Perceived Urban Built Environment Attributes and Leisure-Time Physical Activity Among Adults in Hangzhou, China.” Preventive Medicine 66: 60–64. doi:10.1016/j.ypmed.2014.06.001.
  • Sun, Y., and Y. Zhai. 2018. “Mapping the Knowledge Domain and the Theme Evolution of Appropriability Research Between 1986 and 2016: A Scientometric Review.” Scientometrics 116 (1): 203–230. doi:10.1007/s11192-018-2748-0.
  • Teece, D. J. 1986. “Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public Policy.” Research Policy 15 (6): 285–305. doi:10.1016/0048-7333(86)90027-2.
  • Wright, M., A. Lockett, B. Clarysse, and M. Binks. 2006. “University Spin-Out Companies and Venture Capital.” Research Policy 35 (4): 481–501. doi:10.1016/j.respol.2006.01.005.
  • Yang, L., E. Albats, and H. Etzkowitz. 2021. “Interdisciplinary Organization as a Basic Academic Unit?” Industry and Higher Education 35 (3): 173–187. doi:10.1177/0950422220956951.
  • Zhou, C. 2014. “Four Dimensions to Observe a Triple Helix: Invention of ‘Cored Model’and Differentiation of Institutional and Functional Spheres.” Triple Helix 1 (1): 1–20. doi:10.1186/s40604-014-0011-0.
  • Zhou, C. 2017. “China’s University Technology Transfer System: Political Mobilization and Academy for Economic Growth.” In University technology transfer: the globalization of academic innovation, edited by S.M. Breznitz and H. Etzkowitz, 381–410. New York: Routledge.
  • Zhou, C., and X. M. Peng. 2008. “The Entrepreneurial University in China: Nonlinear Paths.” Science & Public Policy 35 (9): 637–646. doi:10.3152/030234208X363187.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.