F. Guspi and E. GarcĂa
In Search of High Growth Mapping out Academic SpinOff´s Performance in Catalonia
1276 - 1287
2015
9
4
International Journal of Industrial and Manufacturing Engineering
https://publications.waset.org/pdf/10001147
https://publications.waset.org/vol/100
World Academy of Science, Engineering and Technology
This exploratory study gives an overview of the
evolution of the main financial and performance indicators of the
Academic SpinOff’s and High Growth Academic SpinOff’s in year
3 and year 6 after its creation in the region of Catalonia in Spain. The
study compares and evaluates results of these different measures of
performance and the degree of success of these companies for each
University.
We found that the average Catalonian Academic SpinOff is small
and have not achieved the sustainability stage at year 6. On the
contrary, a small group of High Growth Academic SpinOff’s
exhibits robust performance with high profits in year 6. Our results
support the need to increase selectivity and support for these
companies especially near year 3, because are the ones that will bring
wealth and employment. University role as an investor has rigid
norms and habits that impede an efficient economic return from their
ASO investment.
Universities with high performance on sales and employment in
year 3 not always could sustain this growth in year 6 because their
ASO’s are not profitable. On the contrary, profitable ASO exhibit
superior performance in all measurement indicators in year 6. We
advocate the need of a balanced growth (with profits) as a way to
obtain subsequent continuous growth.
Open Science Index 100, 2015