1 Department of Technology and Innovation, Department of Marketing & Management, Faculty of Business and Social Sciences, SDU2 Institute of Technology and Innovation, Faculty of Engineering, SDU3 Sprott School of Business, Carleton University, Ottawa, ON4 Institute of Technology and Innovation, Faculty of Engineering, SDU
Academic spin-offs are an important mechanism to develop the regional economy and support their parent institutions. This research applies the lessons learned from an action research project focusing on the development of a model and 10 hypotheses that examine university spin-off efficiency. The formation of the academic spin-off is conceptualized to be embedded in a collective that includes entrepreneurs and those who help them transform their ideas into ventures. Ten factors organized into two constructs - idea-venture path and collective structure, are identified as determinants of academic spin-off efficiency.