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    University enterprise: the growth and impact of university-related companies in London

    Chapman, D. and Lawton-Smith, Helen and Wood, P. and Barnes, T. and Romeo, S. (2011) University enterprise: the growth and impact of university-related companies in London. Industry and Higher Education 25 (6), pp. 483-492. ISSN 0950-4222.

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    Abstract

    Over the last decade policies framing the enterprise agenda for UK higher education institutions (HEIs) have consistently emphasized the potential impact of successful universities on both regional and national economies. Such policies have been backed by significant public funding to ensure that the UK HEI sector is able to compete globally in the creation and exploitation of cutting-edge science. Collectively, these initiatives have led to the development of a 'third mission' for universities - increasing the pace and impact of knowledge-exchange activities - while simultaneously maintaining and improving their more traditional research and teaching activities. Previous studies have demonstrated the contribution of universities to the growth of high-technology clusters as well as to knowledge exchange activities more generally. However, the extent to which these activities, particularly the formation of new university-related companies, deliver benefits to particular regions and cities is imperfectly understood. As a consequence, the economic and social impact of companies originating in universities in the UK is generally under-reported by official surveys, which frequently fail to capture details of the trajectories of such companies after formation. These considerations form the context for this paper, which presents the results from a detailed study of the impact of science and technology based academic spin-offs from a cross-section of London's HEIs.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): Academic entrepreneurship, university spin-offs, university enterprise, London
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management
    Research Centre: Innovation Management Research, Birkbeck Centre for
    Depositing User: Administrator
    Date Deposited: 22 Mar 2013 11:51
    Last Modified: 06 Dec 2016 10:06
    URI: http://eprints.bbk.ac.uk/id/eprint/6352

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