Which regional conditions facilitate university spinouts retention and attraction?
We investigate the economic and institutional factors that help regions to retain university spinouts (USOs) founded within their borders, and to attract USOs from other regions. Using UK data, we find that regions with high USO retention rates have lower urbanisation and localisation economies. This indicates that locally-founded USOs take advantage of cheaper inputs, in addition to proximity to their home university. Regions with high USO attraction rates have higher localisation economies and innovation resources, suggesting that USOs move there to benefit from dynamic innovation systems. This study offers some general implications for industrial policy to level up regional disparities.
The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.
Citation : Rossi, F, Baines, N., and Lawton Smith, H. (2021), Which regional conditions facilitate university spinouts retention and attraction?, Regional Studies, (forthcoming).
Research Institute : Centre for Enterprise and Innovation (CEI)
Peer Reviewed : Yes