Public research commercialisation, entrepreneurship and new technology based firms : an integrated model

Hindle, Kevin and Yencken, John 2004, Public research commercialisation, entrepreneurship and new technology based firms : an integrated model, Technovation, vol. 24, no. 10, pp. 793-803.

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Title Public research commercialisation, entrepreneurship and new technology based firms : an integrated model
Author(s) Hindle, Kevin
Yencken, John
Journal name Technovation
Volume number 24
Issue number 10
Start page 793
End page 803
Publisher Pergamon
Place of publication Oxford, England
Publication date 2004-10
ISSN 0166-4972
1879-2383
Keyword(s) discovery
commercialisation
entrepreneurship
innovation
tacit knowledge
spin-offs
Summary Entrepreneurship is the engine of innovation. The accumulated tacit knowledge and culture of the entrepreneur are the resources essential to create wealth from research commercialisation leading to technological innovation and the creation of New Technology Based Firms (NTBFs). The authors explore, in definitional terms, discovery of entrepreneurial opportunity and entrepreneurial capacity as the essential elements in the interaction between all types of tacit knowledge (technological, managerial, risk management, financial, etc.). These both derive from and affect interactions between the institutions (sets of rules), organisational culture and external business environment. They also interact with the entrepreneur’s own background and personality. This leads then to a wider analysis of the importance of such tacit knowledge as the glue bringing together effective mechanisms for wealth creation out of research commercialisation.
Language eng
Field of Research 140299 Applied Economics not elsewhere classified
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2003, Elsevier Ltd
Persistent URL http://hdl.handle.net/10536/DRO/DU:30021959

Document type: Journal Article
Collection: School of Management and Marketing
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