Journal
JOURNAL OF SMALL BUSINESS AND ENTERPRISE DEVELOPMENT
Volume 27, Issue 7, Pages 1125-1147Publisher
EMERALD GROUP PUBLISHING LTD
DOI: 10.1108/JSBED-09-2019-0308
Keywords
University spin-off; Financial resources; Intellectual property rights; Medical device; Finland; Sweden
Categories
Ask authors/readers for more resources
Purpose This paper focuses on medical device university spin-offs (USOs), taking into account the peculiarities of financial and nonfinancial support and intellectual property rights (IPRs). The authors declare that these parameters play a significant role in business development at the early stages. Design/methodology/approach This empirical data consist of individual and group interviews in Finland and Sweden, which are later inductively analyzed. Findings The results show that public financial support contributes to the formation and start of sales stages in small countries and local markets. However, at the validation stage, approaches for supporting entrepreneurship in the field of medical devices may differ. The ownership of IPRs assists in the development of entrepreneurship in the region due to the transfer of research results and researchers to the industry and increases the number of spin-offs and the cooperation of universities with business. Originality/value This contribution is in the identification of the key parameters for the formation, support and development of the USOs from the point of view of the availability of financial resources and the ownership of IPRs.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available