Generation of University Spin Off Companies: Challenges from Mexico
Spin off companies refer to firms created by university laboratories, the generation of this type of companies has a pull effect through the diffusion, imitation and innovation of the company even at long-term for economic development. In order to generate this type of business, an articulated set o...
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| Format: | Article |
| Language: | English |
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Universidad Alberto Hurtado
2021-05-01
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| Series: | Journal of Technology Management & Innovation |
| Subjects: | |
| Online Access: | https://www.jotmi.org/index.php/GT/article/view/3657 |
| _version_ | 1819279962953220096 |
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| author | Pilar Pérez-Hernández Guadalupe Calderon Emilio Noriega |
| author_facet | Pilar Pérez-Hernández Guadalupe Calderon Emilio Noriega |
| author_sort | Pilar Pérez-Hernández |
| collection | DOAJ |
| description | Spin off companies refer to firms created by university laboratories, the generation of this type of companies has a pull effect through the diffusion, imitation and innovation of the company even at long-term for economic development. In order to generate this type of business, an articulated set of legislative, cultural and financing, instruments are required. In addition, various actors must be involved; aligned to achieve local development. The ability of universities to create spin off companies depends on their background and favorable regional conditions. This research aims to identify the main challenges during spawn university spin off companies in Mexico, thus, it is necessary explore the consequences and analyze key factors of entrepreneurial university scheme, at the end of this paper illustrates Mexico’s outlook and the conclusions. There are four major challenges that universities faces: first, the lack of clear and effective internal regulations and paperwork processes for intellectual property management and proper commercialization strategies for technological developments; second, is not hiring specialists for Technology Transfer Offices at Higher Education Institutes (HEI) and Public Research Centres (PRC) to generate capabilities; third, inherent complexities of business training and entrepreneurship education, to enhance management competences and business venture, and fourth, decision-maker authority at HEIs and PRCs must develops an enabling environment as governance mechanisms that support and prioritize such processes, so that could be translated into punctual actions with concrete results. |
| first_indexed | 2024-12-24T00:36:15Z |
| format | Article |
| id | doaj.art-8618e5b5965a4ea8a80f34df1b4dd967 |
| institution | Directory Open Access Journal |
| issn | 0718-2724 |
| language | English |
| last_indexed | 2024-12-24T00:36:15Z |
| publishDate | 2021-05-01 |
| publisher | Universidad Alberto Hurtado |
| record_format | Article |
| series | Journal of Technology Management & Innovation |
| spelling | doaj.art-8618e5b5965a4ea8a80f34df1b4dd9672022-12-21T17:24:04ZengUniversidad Alberto HurtadoJournal of Technology Management & Innovation0718-27242021-05-0116110.4067/S0718-27242021000100014Generation of University Spin Off Companies: Challenges from MexicoPilar Pérez-Hernández0Guadalupe Calderon1Emilio Noriega2Centro de Investigaciones Económicas Administrativas y Sociales, Instituto Politécnico Nacional, Mexico CityUniversidad Autónoma Metropolitana unidad Cuajimalpa, Mexico CityCentro de Investigaciones Económicas Administrativas y Sociales, Instituto Politécnico Nacional, Mexico CitySpin off companies refer to firms created by university laboratories, the generation of this type of companies has a pull effect through the diffusion, imitation and innovation of the company even at long-term for economic development. In order to generate this type of business, an articulated set of legislative, cultural and financing, instruments are required. In addition, various actors must be involved; aligned to achieve local development. The ability of universities to create spin off companies depends on their background and favorable regional conditions. This research aims to identify the main challenges during spawn university spin off companies in Mexico, thus, it is necessary explore the consequences and analyze key factors of entrepreneurial university scheme, at the end of this paper illustrates Mexico’s outlook and the conclusions. There are four major challenges that universities faces: first, the lack of clear and effective internal regulations and paperwork processes for intellectual property management and proper commercialization strategies for technological developments; second, is not hiring specialists for Technology Transfer Offices at Higher Education Institutes (HEI) and Public Research Centres (PRC) to generate capabilities; third, inherent complexities of business training and entrepreneurship education, to enhance management competences and business venture, and fourth, decision-maker authority at HEIs and PRCs must develops an enabling environment as governance mechanisms that support and prioritize such processes, so that could be translated into punctual actions with concrete results.https://www.jotmi.org/index.php/GT/article/view/3657University spin off companies; Mexico; challenges. |
| spellingShingle | Pilar Pérez-Hernández Guadalupe Calderon Emilio Noriega Generation of University Spin Off Companies: Challenges from Mexico Journal of Technology Management & Innovation University spin off companies; Mexico; challenges. |
| title | Generation of University Spin Off Companies: Challenges from Mexico |
| title_full | Generation of University Spin Off Companies: Challenges from Mexico |
| title_fullStr | Generation of University Spin Off Companies: Challenges from Mexico |
| title_full_unstemmed | Generation of University Spin Off Companies: Challenges from Mexico |
| title_short | Generation of University Spin Off Companies: Challenges from Mexico |
| title_sort | generation of university spin off companies challenges from mexico |
| topic | University spin off companies; Mexico; challenges. |
| url | https://www.jotmi.org/index.php/GT/article/view/3657 |
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