METEOR/UNU-MERIT Joint Seminar: “How Far From the Tree Does the (Good) Apple Fall? Spin-Out Generation and the Survival of High-Tech Firms”
One of the most important determinants of economic growth and competitiveness is the speed at which firms react to innovative opportunities. In this respect, the existing research has highlighted the role of new start-ups as important engines of growth and development at both the industry and country level.
Among the factors that explain this performance, the “pre-entry experience” of new entrants has been receiving much attention lately. In several industries, entrepreneurs with previous experience in the same or in related industries have successfully seized new opportunities and entered new markets by creating spin-outs. Underlying this evidence lays the idea that spin-outs are relatively more successful than other entrants because they take advantage of industry-specific knowledge which is embodied in their founder(s) and which has been inherited from the parent firm.
In this seminar, Prof. Roberto Fontana (Pavia University & CRIOS-Bocconi University) will present a paper that focuses on entry and innovation in the Local Area Networking industry, a high-tech industry which has experienced phenomenal growth during the 1990s. In this context, the presentation will isentangle two aspects. The first concerns the identification of the factors that create the preconditions for successfully starting and enhancing the transfer of knowledge from the parent company to the spin-off, while the second concerns identification of the factors that contribute to the expansion and growth of the new entrants.
For more information, see the Calendar of upcoming events on the UNU-MERIT website.
About the speaker
Roberto Fontana is Associate Professor in Applied Economics at the University of Pavia, Italy and Research Fellow at CRIOS (former KITeS) at Bocconi University.
Room H0.06 (Tongersestraat 53)