dc.contributor.author | Høvig, Øystein Stavø | |
dc.contributor.author | Pettersen, Inger Beate | |
dc.contributor.author | Neethling, Adolph C. | |
dc.contributor.author | Paschal, Brandon | |
dc.contributor.author | Taxt, Randi Elisabeth | |
dc.date.accessioned | 2024-08-16T12:06:56Z | |
dc.date.available | 2024-08-16T12:06:56Z | |
dc.date.created | 2024-01-19T10:32:09Z | |
dc.date.issued | 2023 | |
dc.identifier.issn | 2522-7343 | |
dc.identifier.uri | https://hdl.handle.net/11250/3146792 | |
dc.description.abstract | Background: While research on commercialisation of academic research suggests that close interaction among academic entrepreneurs, technology transfer officers and investors can aid developing academic spin-offs, we argue that the role of investors is underdeveloped in the literature.
Aim: This paper aims to build new theoretical and empirical knowledge about the investor’s role in developing academic spin-offs. Focus is put on the interaction and dynamic relationship between investors, academic entrepreneurs and technology transfer office executives in academic spin-off (ASO) development.
Setting: The research is empirical in nature and conducted in the entrepreneurial ecosystem surrounding universities in the Western Cape area in South Africa.
Methods: The research is qualitative with a focus on conducting research interviews with knowledgeable respondents. Fourteen semi-structured interviews were used to collect data from investors and other stakeholders in the entrepreneurial ecosystem in the Western Cape area in South Africa.
Results: Four themes were uncovered. The study demonstrates a challenge of commercialising research-based inventions; both the team and the entrepreneur play an important role in the commercialisation process; investors can play a role in educating and coaching academic entrepreneurs and play a brokering role in attracting venture capital (VC) funding.
Conclusion: The study concludes that the pre-investment behaviour of investors, in relationship with technology transfer offices (TTOs) and academic entrepreneurs, may help mitigate assumed information asymmetries and uncertainty in ASO development.
Contribution: The research contributes to the literature by showing how investors’ perception, pre-investment behaviour and vision shape the development of ASOs in a dynamic interaction with technology transfer executives and academic entrepreneurs. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | AOSIS | en_US |
dc.rights | Navngivelse 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by/4.0/deed.no | * |
dc.title | The role of investors in developing academic spin offs: The biotech sector in South Africa | en_US |
dc.type | Journal article | en_US |
dc.type | Peer reviewed | en_US |
dc.description.version | publishedVersion | en_US |
dc.rights.holder | Copyright 2023 The Author(s) | en_US |
dc.source.articlenumber | a738 | en_US |
cristin.ispublished | true | |
cristin.fulltext | original | |
cristin.qualitycode | 1 | |
dc.identifier.doi | 10.4102/SAJESBM.V15I1.738 | |
dc.identifier.cristin | 2230103 | |
dc.source.journal | The Southern African Journal of Entrepreneurship and Small Business Management | en_US |
dc.identifier.citation | The Southern African Journal of Entrepreneurship and Small Business Management. 2023, 15 (1), a738. | en_US |
dc.source.volume | 15 | en_US |
dc.source.issue | 1 | en_US |