Human Resources in Start-Ups: Expert Interviews with Managers on the Transition of Start-Ups from Academic to Private

Abstract

This study investigates the changes in team composition in four academic high-tech start-ups and spin-offs. These companies were initiated on academic grounds and had to undergo transition in order to act as private companies. For human resources of all kinds this goes along with a change in the requirements of their skills and their work. This pilot study focused on four high-tech start-ups from Germany and Slovakia that are active and still in transition in the year 2021. Data was obtained with qualitative research methods from managers that were in charge during the transition of the company. During expert interviews, the researchers used semi-structured questionnaires in order to gather data from the managers on particular aspects of spin-off team member skills and requirements. The qualitative results obtained from the managers were compared, showing that with fundamental changes in the business objectives of the company the required management skills and team composition changes from an academic skills portfolio towards a private-sector portfolio. Likewise, a change in the human resource hiring strategy of the spin-offs was found in that stage. However, research also showed that spin-offs seem to undergo two transition phases during their way from an academic research group towards a company based on free market principles.