Abstract<\/p>\n
To date, research on ecosystems has separated them into three categories, namely business, innovation,
\nand entrepreneurial; however, few studies have analyzed their outputs in terms of innovative business
\ncreation. Innovative business creation can differ between university spin-offs and innovative start-ups,
\nand as far as we know, a comparison of the performance of each with respect to growth in sales has not
\nyet been provided. This paper contributes to providing theoretical and empirical insights into the
\nperformance of innovation ecosystems, university spin-offs (USOs) and innovative start-ups (ISs) in
\nItaly and the effectiveness of ecosystem-level interactions. Through the lens of the innovation system,
\nthe paper examines two datasets of 305 university spin-offs and 1494 innovative start-ups in Italy,
\nincluding firm- specific, university-specific, industry-specific, time-specific and ecosystem-specific data.
\nThe empirical research takes place via panel data regression that compares the performances of
\nuniversity spin-offs and innovative start-ups, measured by growth in sales. It emerges that sales growth
\nis positively related to ISs performance, while innovativeness and network building does not leverage
\ngrowth for all companies in the same way. Not surprisingly, innovative start-ups in High R&D sectors
\nshow higher rates of growth in sales than USOs and are more closely connected with the regional
\ninnovation ecosystem. Thus, to enhance growth for other early-stage innovative companies, especially if
\ncoming from academia or sectors with lower R&D investments, it is important to invest in R&D
\nactivities, in building relationships in the commercial world, and in particular in enhancing relationships
\nregarding sale activities, including staff exchange, specific training and ecosystem events regarding
\ninnovation ecosystems, intertwining national, regional and sectorial systems.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cite: Modina, M., Capalbo, F., Sorrentino, M., Ianiro, G., & Khan, M. F. (2023). Innovation ecosystems: a comparison between university spin-off firms and innovative start-ups. Evidence from Italy. International Entrepreneurship and Management Journal, 1-31.<\/p>\n","protected":false},"author":5,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"portfolio_category":[101],"portfolio_skills":[],"portfolio_tags":[],"yoast_head":"\n