What makes external financial supporters engage in university spin-off seed investments: entrepreneurs' capabilities or social networks?

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    Abstract

    This study aims to enrich our knowledge of the influences that social networks and capabilities of entrepreneurial teams have on the engagement of external seed investors by exploring academic entrepreneurial teams. It analyses the capabilities and characteristics of social networks of entrepreneurial teams based upon resource-based view and the conceptual model of social networks. The results from an examination of the sample of 181 Spanish university spin-offs demonstrate that by exploiting social networks an entrepreneurial team can shape its capabilities which, in turn, improve its ability to access various types of external seed capital sources. Thus, the paper has implications for universities in training and policy development to support spin-offs' activities, especially to build entrepreneurial teams with capabilities to pitch for external seed capital.
    Original languageEnglish
    Article number1950010
    JournalInternational Journal of Innovation Management
    Volume23
    Issue number2
    Early online date29 May 2018
    DOIs
    Publication statusPublished - 1 Feb 2019

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    Bibliographical note

    Electronic version of an article published as International Journal of Innovation Management, vol. 23, no. 2, 1950010.
    https://dx.doi.org/10.1142/S1363919619500105© copyright World Scientific Publishing Company

    Keywords

    • entrepreneurial teams
    • resource-based view
    • seed capital
    • social networks
    • University spin-offs

    ASJC Scopus subject areas

    • Business and International Management
    • Strategy and Management
    • Management of Technology and Innovation

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