University Spinoffs: What, Why, and How?

Introduction

Over past two decades, the field of academic entrepreneurship has found greater visibility, and universities are being increasingly considered as a source for creation of high-technology firms. With greater attention focused on the linkage between science, technology, and university spinoffs, universities are moving from their traditional roles of research, teaching, and knowledge dissemination to a more advanced role of creating spinoffs and promoting academic entrepreneurship (Lerner, 2004).