Keywords: university spin-offs, academic entrepreneurship, government support, government subsidies, business angels, venture capital, funding, finance, company survival, case studies, innovation management, risk capital
The influence of government subsidies and risk capital on survival of university spin-offs: findings from 16 early stage case studies
Scholar research seems to confirm that the type of funding of a university spin-off venture influences these survival chances. This study aims to investigate whether the basic type of funding used for young university spin-offs influences the survival chances. The reasoning is that screening by a previously independent party such as government agencies, business angels or venture capitalists provides additional evidence on the potential of a project or venture. The preliminary results, based on 16 case studies with Belgian university spin-offs, seem to confirm that successful application for government subsidies for the development of a technology, product or business increases the likelihood of venture survival. On the other hand, access to risk capital seems not to positively influence survival chances.