Spin-off companies constitute one important technology
channel between technical research institutes and their
environment. Such companies thus constitute an important
element of national systems of innovation. The technology
transfer effects of companies spun off from technological
research have only rarely been systematically analyzed.
The objectives of this study are, first, to summarize the
knowledge on the indicators used in measuring the
transfer effects of new, technology-based companies;
empirically test various indicators of technology
transfer on one
exemplary sample of new, technology-based companies;
develop a model to depict the technology transfer effects
technology-based companies during the early stages of
cycle; fourth, using the model and the indicators,
technology transfer effects of new, technology-based
and fifth, to present recommendations for further
new, technology-based companies.
This present study expands the scope of analysis over the
cycle of a new, technology-based company. For this
three stage model depicting the technology transfer
new, technology-based companies is developed.
The empirical sample of this present study consists of 35
spun off from the technical research centre of finland.
empirical data is gathered in personal interviews of the
of the companies. In the interviews, structured
The empirical sample of this present study suggests that
three phases of technology transfer can be distinguished
early life cycle of a new, technology-based company.
are initial technology transfer phase, technology
phase, and technology commercialization phase. Each of
phases is dominated by different factors.
In order to evaluate the role of new, technology-based
in the economy, a new concept is developed. The concept
function refers to the core market need addressed by the
In the empirical part of this present study, a tentative
of utility functions of new, technology-based companies is
proposed and tested.
|Place of Publication
|VTT Technical Research Centre of Finland
|Number of pages
|Published - 1993
|MoE publication type
- technology-based companies
- technology transfer
- industrial innovation
- national systems of innovation
- life cycles
- technology development
- research and development