Which regional conditions facilitate university spinouts retention and attraction?

Date

2021-07-12

Advisors

Journal Title

Journal ISSN

ISSN

Volume Title

Publisher

Taylor and Francis

Type

Article

Peer reviewed

Yes

Abstract

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.

Description

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.

Keywords

university spinouts (USOs), firm migration, localisation economies, urbanisation economies, entrepreneurial ecosystem, regional development

Citation

Rossi, F, Baines, N., and Lawton Smith, H. (2021), Which regional conditions facilitate university spinouts retention and attraction?, Regional Studies, (forthcoming).

Rights

Research Institute