The following are outlines for the Keynote Speeches which will take place at ECIE 2018.
University Spin-Off Firms’ Internationalization: The influence of Founding Teams and Networks in Early Years
Marina van Geenhuizen, Delft University of Technology, The Netherlands
Commercialization activity urges university spin-off firms to develop networks abroad, particularly if they are active in a small national economy. Attention and support in internationalization from the university are, however, rare, and so is the attention to it in literature. We investigate university spin-offs’ internationalization using a sample of 105 of such firms in Northwest European countries. In early years, 62% employ international networks which were enhanced by higher education (PhD), market training, innovation experience at practical level and also diversity in domestic networks. Subsequent changes lead to a stronger internationalization, but a good 30% of the spin-offs tend to face (remaining) problematic situations. Overall, in early years, domestic networks seem a better source of competence compared to the founding team.