1,720,967 research outputs found

    Quando l'imprenditore assume la prospettiva del cliente. L’empatia aiuta a cogliere le opportunità di mercato.

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    L'articolo esplora il ruolo dello user perspective taking per moltiplicare l'identificazione delle opportunità imprenditorial

    From the lab to the stock market? The characteristics and impact of university-oriented seed funds in Europe

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    This work investigates the role of university and PRO-oriented seed funds (USFs)— VC funds with an explicit mission to make investments in academic spin-offs and support technology transfer—as instruments for addressing funding gaps and facilitating the commer- cialization of academic technologies. We first offer an overview of USFs in Europe, highlighting their heterogeneity and principal characteristics. Second, we exploit a unique data set of 1,497 start-ups (including 733 USF-backed start-ups and another 764 start-ups backed by other VC funds) to analyze how USF-backed companies perform in terms of exit rates, staging, and syndication levels when compared with non-USF-backed companies. Empirical evidence sug- gests that USF-backed companies perform better in staging and syndication but worse in exit rates. Moreover, our analyses show that, within the group of USF-backed companies, the ones that can attract more follow-on funding and investors are those financed by USFs that are internally managed by a universities/PROs and are linked to universities with high scientific rankings

    From The Lab To The Stock Market? An Analysis Of University-Oriented Seed Funds In Europe

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    This work investigates the role of university and PRO-oriented seed funds (i.e. USFs), namely VC funds with an explicit mission to make investments in academic spin-offs, as instruments to address the funding gap. We first offer an overview on USFs in Europe highlighting their heterogeneity and main characteristics. Second, we exploit an unique dataset of 1497 companies (including 733 USF-backed startups and other 764 startups backed by other VC funds) in order to analyze how USF-backed companies perform in terms of exit rates, staging and syndication levels with respect to non USF-backed companies. Empirical evidence suggests that USF-backed companies perform better in terms of staging and syndication, but worse in terms exit rates. Moreover, our analyses show that, within the group of USF-backed companies, the one that can attract more follow-on funding and investors are the ones financed by USFs which are internally managed by a university/PRO and that are linked to universities with high scientific rankings

    In user's shoes: an experimental design on the role of perspective taking in discovering entrepreneurial opportunities

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    In this paper we investigate how the entrepreneur's ability of taking the perspective of the user in a market enhances opportunity identification. We also show how prior knowledge of the market positively moderates the relationship between user perspective taking and opportunity recognition. Our study is grounded in entrepreneurship contributions that try to disentangle the role of cognitive processes in opportunity recognition. We confirm our intuition through a one-factorial between-subject experiment and we discuss our findings for entrepreneurship research and user innovation literatures

    What determines university patent commercialization? Empirical evidence on the role of IPR ownership

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    This paper addresses the commercialization of academic patents, developed in both universities and public research organizations (PROs). We distinguish between university owned and university-invented patents to analyze if and how patent ownership affects the probability of commercialization and, similarly, if the characteristics of national university intellectual property right (IPR) regimes correlate with it. We study three commercialization channels—sales, licensing and spin-off formation—appearing in a sample of 858 university and PRO patents ?led with the European Patent Of?ce between 2003 and 2005 across 22 countries. To analyze differences in commercialization outcomes, this study employs a multivariate probit model. The results suggest that PRO ownership is negatively associated with the likelihood of selling the patent and creating an academic spin-off; university ownership positively affects the patent’s licensing uses. Finally, the institutional IPR regime has a negative effect on the probability of selling a patent

    Going Beyond Counting First Authors in Author Co-citation Analysis

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    The present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed

    Variations on the Author

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    “Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
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