Abstract
The university entrepreneurship, together with its highest representative, the university spin-off, are a key instrument to technological innovation and economic development of a territory. Therefore, due to the importance of these companies for the future sustainable development of the regions, the study of the factors that influence the creation, development and consolidation of university spin-offs is really important. Specifically, the aim of the present study is to analyze the importance of various environmental factors in the creation and development of Basque university spin-offs, and the presence of these factors in the specific environment of the Basque Country, in general, and according to the companies development stage, in particular.
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