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).