THE CREATION OF SPINOFF COMPANIES BY ACADEMIC INVENTORS: AN IMPORTANT ENTREPRENEURIAL PHENOMENON
Keywords:
Entrepreneurship, Inventors, economic developmentAbstract
The spin-off companies established by academic inventors are an important entrepreneurial phenomenon as well as a vital catalyst for economic development. Thereupon, this paper will bring clarity to understand the process involved by which university spinoffs emerged; specifically the intentions, motivations of university-based inventors and the factors influencing actual spinoff activities such as to form companies and otherwise commercialize inventions in universities.
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