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

Fingerprint

Seed
University spin-off
Entrepreneurs
Entrepreneurial teams
Social networks

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

Cite this

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