Biotechnology Start-ups: The Emergence of Employment Systems in New Ventures

2006 ◽  
Author(s):  
Marcus Ho ◽  
Marie Wilson
Keyword(s):  
New Ventures ◽  
Employment Systems ◽  
Start Ups

What's New in the Launching of Start-ups?

2009 ◽  
Vol 23 (2) ◽  
pp. 133-137 ◽  
Author(s):  
Diego Matricano
Keyword(s):  
New Ventures ◽  
Business Environment ◽  
Economic Role ◽  
Globalized Economy ◽  
New Business ◽  
New Thinking ◽  
Experimental Laboratory ◽  
Start Ups ◽  
Research Centres

The exploitation of knowledge and experience is increasingly important to companies operating in the globalized economy, faced with intense competition and striving to make headway in difficult markets. If such exploitation is important for existing companies, able to develop their own knowledge from previous experience, it is critical for new ventures that have no direct real-world experience on which to draw. Would-be entrepreneurs now operate in a very different business environment from that of their predecessors and they need new forms of entrepreneurship education and new methods of pre-launch trial and analysis for start-ups. The transition from ‘nature’ to ‘nurture’ in the approach to and perception of entrepreneurship, coupled with the increasingly engaged economic role of higher education institutions and research centres can be manipulated effectively to improve the prospects for success of high-expectation entrepreneurs. This article demonstrates how Curley and Formica's model of the experimental laboratory for would-be entrepreneurs responds to the new business environment and the new thinking.

Credibility-Driven Entrepreneurship

2011 ◽  
Vol 12 (1) ◽  
pp. 5-15 ◽  
Author(s):  
Jakob Rehme ◽  
Peter Svensson
Keyword(s):  
New Product Development ◽  
New Ventures ◽  
Marketing Theory ◽  
Start Up ◽  
External Stakeholders ◽  
Entrepreneurship Theory ◽  
First Sale ◽  
Speed To Market ◽  
Start Ups ◽  
Business To Business

This article investigates how external stakeholders influence the first sale of technology-based business-to-business start-up companies. The authors combine entrepreneurship theory with marketing theory to describe the marketing and selling activities of start-ups and how new ventures reach key milestones. The study shows how two start-ups, an e-business firm and a new product development firm, acquired their first customers. The analysis provides a picture of how a network of the firms' founders, board members and owners contributed to their first sales. It also highlights the importance of sales activities, relationships and industrial knowledge. The paper examines the importance of external stakeholders' relative positions in the web of relationships and assesses how relevant these are in affecting outcomes and speed to market. The authors conclude that the first sale follows a time line with three important phases of activities involving credibility, closing and operations. They find that credibility is best obtained through establishing relationships.

scholarly journals The early growth of start-ups: innovation matters. Evidence from Italy

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Raffaele Fiorentino ◽  
Sergio Longobardi ◽  
Alessandro Scaletti
Keyword(s):  
Propensity Score ◽  
Propensity Score Matching ◽  
Firm Growth ◽  
Ad Hoc ◽  
Early Stage ◽  
New Ventures ◽  
Objective Measure ◽  
Content Type ◽  
Start Up ◽  
Start Ups

PurposeDespite the relevance of innovation in entrepreneurship literature, empirical research on the innovation-performance relationship in start-ups is underdeveloped and shows controversial results. To bridge this gap, the aim of this paper is to investigate the role of innovativeness on new venture performance in the early stage of the life cycle.Design/methodology/approachRegression modelling and propensity score matching are used to reveal systematic differences in growth between innovative start-ups (ISUPs) and non-innovative start-ups. We use an ad hoc dataset obtained through merging the financial database AIDA with data from administrative sources (Italian Chambers of Commerce and the Italian Ministry for Economic Development).FindingsThe results show that differences in growth can be explained by the different levels of innovativeness in new ventures. Moreover, unlike in prior studies, the innovation inputs matter more than innovation outputs. Indeed, the results support the idea that innovation policies can contribute to maximising the potential of start-ups.Practical implicationsThe findings provide suggestions for policy makers and entrepreneurs to help firms configure ex ante appropriate actions to support the growth of new ventures in the start-up stage.Originality/valueThis study is the first to use the new objective measure of start-up innovation, available from the Italian LD 221 register. Second, different types of innovation are investigated as antecedents of firm growth. Third, we employ propensity score matching, which favours revealing systematic differences in growth between ISUPs and non-innovative start-ups. Fourth, the results of our study are the first to offer evidence on the effectiveness of the new Italian sustaining ISUPs policy.

Exploiting Nanotech Opportunities: A Strategic Entrepreneurship Perspective

2008 ◽  
Vol 1106 ◽  
Author(s):  
Daniela Baglieri ◽  
Sara Giordani
Keyword(s):  
New Ventures ◽  
Global Market ◽  
Venture Capitalists ◽  
Due Diligence ◽  
Strategic Entrepreneurship ◽  
Emerging Industries ◽  
Regulatory Frameworks ◽  
The Us ◽  
The Right ◽  
Start Ups

AbstractThis paper analyzes the main challenges nanotech start-ups face in turning nanotech inventions into valuable and marketable nanotech innovations, also considering that nanotechnology discoveries could represent “inventions of methods of inventing” (Rothaermel et al., 2007). In the last decades, nanotechnologies have been a burgeoning area of science and engineering which show an increasing potential to transform a broad range of industries, and to boost the US and European firms' competitiveness (OECD, 1998). Although these emerging technologies share some problems with new ventures in other emerging industries ( e.g. biotech), nanotechnology firms have to balance the management of high technical and high market risk, still evolving regulatory frameworks (Bowman et al. 2006) and strategies for entering the business network and for attracting investments, e.g. in the form of potential venture capitalists. Potential investors, in turn, will face the well-known hurdle of the due diligence, considering for example health or safety concerns, manufacturing, availability of distribution channels, etc. (Burden, 2007).We propose that configuring their network and choosing the right market segment are the key strategies nanotech ventures should adopt in pushing their early growth in the global market. We analyze a sample of 15 European nanotech firms which confirm our predictions. Due to the novelty of the topic covered in this study, this research is exploratory in nature.

scholarly journals How business accelerators foster startups’ dynamic capabilities: a case study

2020 ◽  
pp. 19-44
Author(s):  
Celia Polo García-Ochoa
Keyword(s):  
Dynamic Capabilities ◽  
Single Case ◽  
Research Question ◽  
New Ventures ◽  
Decision Makers ◽  
Positive Effects ◽  
New Perspective ◽  
Start Ups ◽  
Dynamic Capabilities Perspective

Objective: This study explores how business accelerators programs can impact on the successful growth of their accelerated start-ups based on the dynamic capabilities’ perspective. The author investigates business accelerators practices and tools in supporting new ventures development with the aim of addressing the following research question: To what extend can start-ups benefit from participating in an accelerator program from the dynamic capabilities’ perspective? Methodology: Given the lack of literature on business acceleration practices and on how them influences a start-up’s dynamic capabilities generation, the authors conducted an exploratory case study in a Spanish business accelerator. Results: The business accelerator provide startups with a mix of services embedded in specific practices and tools resulting in the generation of the dynamic capabilities of sensing the market, absorption, integration, and innovation in its startups. Limitations: This study focuses on a single case study resulting in a limited generalization of its findings. Practical implications: This paper open new paths for business accelerators and other institution decision makers by giving guidelines to design business acceleration programs allowing them to allocate resources in a more rational way. It also offers a valuable perspective for founders on the ways of satisfying their needs to complete their business potential. It also offers them an initial checklist of practices to be aware of when deciding to apply to a business accelerator. Also, we add a new perspective to study business accelerator contributions and shed some light on what specific accelerators’ tools and practices may facilitate positive effects in startups.

Value of initial relationships in new business start-ups

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jose Novais Santos ◽  
Joao Mota
Keyword(s):  
New Ventures ◽  
Customer Relationships ◽  
Value Functions ◽  
Business Relationships ◽  
Business Network ◽  
Content Type ◽  
Customer Base ◽  
New Business ◽  
Start Ups ◽  
Over Time

Purpose Several studies have focussed on new ventures and the development of their first business relationships. However, the understanding of the value functions and involvement in those relationships remain inadequate. The purpose of this paper is to explore the relating process of a new venture by combining the value function framework and the notion of the degrees of involvement in business relationships. Design/methodology/approach The authors rely on two exploratory longitudinal case studies that focus on two start-ups. In both cases, the evolution of initial relationships with suppliers and customers over a period of time are studied. Findings The process of relating can occur through a diversity of business relationships manifested in both their value functions and their degree of involvement. The combination of value functions is not stable over time nor is the degree of involvement in business relationships. Moreover, specific interdependencies emerge between the value functions in the customer base and the supplier base of the new ventures over time. Originality/value This paper is among the few that explore the emergence of new ventures by considering both suppliers and customer relationships. From a business network perspective, the paper also shows that combining value functions and degrees of involvement provides a better understanding of the role of relationship diversity in the process of becoming a node in the business network.

scholarly journals Investigating Circular Business Model Innovation through Keywords Analysis

2021 ◽  
Vol 13 (9) ◽  
pp. 5036
Author(s):  
Barbara Bigliardi ◽  
Serena Filippelli
Keyword(s):  
Business Model ◽  
Business Models ◽  
New Ventures ◽  
Business Model Innovation ◽  
Future Research ◽  
Research Directions ◽  
Circular Model ◽  
Future Research Directions ◽  
Circular System ◽  
Start Ups

Ongoing economic, social and environmental developments have forced the production system to undertake a profound transformation, shifting from a linear to a circular model. The transformation towards a circular economy poses significant challenges for established companies, in many cases requiring a strong modification of their current business models, start-ups and new ventures. Firms need to completely rethink their value proposition, modifying how the product or service is produced, delivered to the customers and disposed of. As a result, interest in business model innovation with a view to a circular system has increased significantly over the last five years, leading to a flourishing literature production. Although several literature reviews have been published on the topic of the circular business model, few of them include the innovation dimension. Moreover, the time horizon covered by the previous reviews extends to 2019 and in one case to 2020. Since 2020 saw a 135% increase in scientific production compared to the previous year, it is necessary to update the prior works, taking into account the new contributions. Our paper aims to bridge this gap by proposing a literature review based on keywords analysis. In this way, it is possible to analyze the issues addressed in the circular business model innovation (CMBI) by categorizing them as core, emerging/phantom, trendy or intermittent. This analysis is particularly suitable for identifying future research directions as signaled by the emerging themes.

Identifying the Barriers and Drivers to Agriculture Entrepreneurship in India

2022 ◽  
pp. 261-272
Author(s):  
Sablu Khan ◽  
Hesham Magd
Keyword(s):  
Developing Countries ◽  
Food Supply ◽  
New Ventures ◽  
Living Standards ◽  
Livestock Sector ◽  
Key Drivers ◽  
The Creation ◽  
Start Ups ◽  
Global Food ◽  
Global Food Supply

This study mainly focuses on the identification of barriers and drivers to agriculture entrepreneurship. Entrepreneurship not only includes the creation of new ventures or start-ups but includes innovation and growth. Agri-entrepreneurship can address the current issues of lower farm mechanisation and low productivity of the livestock sector. It can be helpful for farmers in general and agri-entrepreneur in particular. Understanding barriers and drivers to agri-entrepreneurship have become a necessity in current times. Agriculture entrepreneurship has the ability to raise the living standards and helps in the creation of wealth not only for the entrepreneurs but also for other farmers. Agriculture entrepreneurship is beneficial in the global food supply in least-developed and developing countries. The purpose of this chapter is to familiarise the readers with the meaning, prospects, barriers, and key drivers of agri-entrepreneurship to engage in agri-entrepreneurship.

SIMILARITIES OF SUCCESSFUL TECHNOLOGY TRANSFER THROUGH NEW VENTURES

2015 ◽  
Vol 19 (02) ◽  
pp. 1550025 ◽  
Author(s):  
GUNTER FESTEL
Keyword(s):  
Technology Transfer ◽  
Pharmaceutical Industry ◽  
New Ventures ◽  
Research Institutions ◽  
Efficient Technology ◽  
New Approach ◽  
Business Units ◽  
Different Types ◽  
Start Ups ◽  
Successful Technology

Especially established industries, like the chemical and pharmaceutical industry, rely on effective and efficient technology transfer to maintain their competitiveness. Academic spin-offs, corporate spin-outs, and internal start-ups, as different types of new ventures, can be used for technology transfer from universities and research institutions to companies as well as between or within companies. Especially internal start-ups are a new approach for company internal technology transfer from research departments to business units. Based on 12 case studies from the chemical and pharmaceutical industry in Germany and Switzerland, which were identified and developed by narrative interviews with new ventures and parent organisations, like companies, universities, and research institutions, technology transfer through new ventures has been analysed. Despite the various backgrounds and challenges, the different types of new ventures show much more similarities than dissimilarities. Therefore, learnings from academic spin-offs can be transferred to corporate spin-outs and internal start-ups in the context of technology transfer.

scholarly journals Brand new ventures? Insights on start‐ups' branding practices

2010 ◽  
Vol 19 (5) ◽  
pp. 356-366 ◽  
Author(s):  
Sabrina Bresciani ◽  
Martin J. Eppler
Keyword(s):  
New Ventures ◽  
Start Ups
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