Early-stage financing of university spin-offs: The impact of entrepreneurial capabilities and social networks of founding teams during start-ups

T. Huynh, D. Patton

    Research output: Chapter in Book/Report/Conference proceedingConference proceedingpeer-review

    Abstract

    University spin-offs have increasingly received attention from academia, governments, and policymakers in studying the financing policies, venture capital investment decision making, the roles of venture capitalist in the development of new ventures, and the contributions of entrepreneur's social capital to the fundraising activities. However, the limited number of studies in understanding of the contribution made by the entrepreneurial capabilities and social networks of a founding team to its fundraising ability remains, especially within university spin-off context. Employing resource-based view theory and social networks approach, this paper enriches the knowledge by exploring university spin-offs in Spain. The results of this study empirically demonstrate that by exploiting social networks a founding team can improve its entrepreneurial capabilities, which in turn enhance its fundraising ability.
    Original languageEnglish
    Title of host publicationProceedings of the 10th European Conference on Innovation and Entrepreneurship ECIE 2015
    EditorsRenata Paola Dameri, Roberto Garelli, Marina Resta
    PublisherAcademic Conferences and Publishing International
    Pages272-280
    Number of pages9
    ISBN (Print) 978-1-910810-49-1
    Publication statusPublished - 2015
    Event10th European Conference on Innovation and Entrepreneurship - Genoa, Italy
    Duration: 17 Sept 201518 Sept 2015

    Publication series

    Name
    ISSN (Print)2049-1050

    Conference

    Conference10th European Conference on Innovation and Entrepreneurship
    Abbreviated titleECIE 2015
    Country/TerritoryItaly
    CityGenoa
    Period17/09/1518/09/15

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