Iranian academic sector is approaching research commercialization, although, creation of university spin-offs is an initial experience in this sector. Legislation of “knowledge based firms support and commercialization of invention and innovations” has provided great op More
Iranian academic sector is approaching research commercialization, although, creation of university spin-offs is an initial experience in this sector. Legislation of “knowledge based firms support and commercialization of invention and innovations” has provided great opportunity for the creation of this type of firms in universities and research institutes. But universities and research institutes are still required to complete their infrastructures including rules and regulations needed for the creation of spin-offs. One of the most important of these is "allocation of university spin-off equity among their owners" regulation. Owners of university spin-offs are universities and research institutes, inventor researchers, investors and external entrepreneurs. Allocation of spin-off equity among these parties satisfactorily, is one of the important challenges to spin-off creation in universities and research institutes. This article first tries to identify founders and other parties that are gradually added to owners of spin-off companies. Then stakeholder's equity determinant factors will be discussed. Finally implementation of a framework for the allocation of spin-off companies' equity among their owners will be raised. 10 universities in America, Britain and Canada with spin-off creation experience have been studied in this article.
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Creation of university spin-off companies as an academically entrepreneurship activity can be considered as a growing mechanism for university technology transfer. In comparison with technology licensing, Spin-off companies create higher financial return for owners of t More
Creation of university spin-off companies as an academically entrepreneurship activity can be considered as a growing mechanism for university technology transfer. In comparison with technology licensing, Spin-off companies create higher financial return for owners of technology and will play an important role to regional and national economic development. This paper is to define university spin-offs in more detail and make clear the importance of these companies. University authorities are interested in these companies, but need to know about different types of these companies for establishment and management university spin-offs. So, in this paper we have also tried to submit a comprehensive categorization of university spin-offs.
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