RT journal article
T1 Linear and non-linear patterns of internationalisation and funding in academic spin-offs
A1 Fernández Alles, María de la Luz
A1 Camelo Ordaz, María del Carmen
A1 Diánez González, Juan Pablo
A1 Castillo Rodríguez, Elizabeth
A2 Organización de Empresas
K1 Academic spin-offs
K1 internationalisation
K1 Uppsala
K1 Born Global
K1 non-linear
K1 funding
AB Academic spin-offs (ASOs) are typically technologically driven, and their expansion into foreign markets has become a priority for the generation of revenue, thereby recuperating the initial R&D and patent costs over a shorter time frame. However, the literature of how these firms internationalise and what sources they can rely on to obtain the financial resources remains very limited. Two main objectives are proposed in this paper: first, the analysis of whether those relationships that ASOs maintain with various agents to provide financial resources for internationalisation differ between ASOs that have internationalised and those that have not; and second, the study into whether those ASOs that internationalise by following different internationalisation patterns present differences in their agents that provide them with financial resources. From a sample of 173 Spanish ASOs, results of cluster analysis and post-hoc tests indicate that internationalised ASOs rely on financial agents different to those of domestic ASOs. We firstly conclude, that the most representative internationalisation pattern in ASOs is Born Global (BG), through the True Born Global (TBG) and Sporadic Born Global (SBG) sub-patterns. Second, the internationalisation patterns are supported by different financial agents, although governmental institutions and Venture Capital (VC) firms constitute the most relevant agents.
PB ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
SN 1464-5343
YR 2023
FD 2023-07
LK http://hdl.handle.net/10498/29806
UL http://hdl.handle.net/10498/29806
LA eng
DS Repositorio Institucional de la Universidad de Cádiz
RD 10-nov-2026