Abstract
This paper presents an empirical exploration of the effectiveness of scientific teams and the role of an external CEO in the spin-off formation process. The paper contributes to the literature by focusing on the role of the experienced or ‘external’ entrepreneur (their commercial resources and capabilities) in the early phase of spin-off formation and offering an attempt to understand the interaction between scientific team effectiveness and the external CEO. The data are drawn from the BioPartner First Stage Grant, a seed fund initiated in the Netherlands that aims to stimulate university spin-offs in biotechnology. This unique data set covers 68 biotechnology spin-off projects and the results show that an external CEO positively influences the spin-off creation and leverages the effect of the spin-off's scientific quality.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.