Success of university spin-offs

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University spin-offs play a crucial role in economic prosperity and job creation by commercializing technologies from publicly funded research institutions. These entities enhance the technological effectiveness of economies and boost national competitiveness. By establishing themselves near their incubators, they promote regional development and attract other high-tech companies, leading to above-average growth rates and increased innovation efficiency. In discussions about publicly financed research and regional economic development, spin-offs are seen as vital instruments that support their incubators, thereby justifying further backing for academic institutions. However, research on university spin-offs remains limited, with scarce empirical evidence on the factors influencing their success. The Institute for Innovation Research at Kiel University aims to address this gap through its research initiatives. Manoj Gupte's in-depth study contributes valuable empirical insights into how internal management activities impact the growth of university spin-offs, incorporating contextual factors into his analytical framework. This work seeks to enhance understanding of the dynamics at play within this important sector.