A concept for technology and innovation management in start-ups and new technology based firms (NTBF): PockeTM

The purpose of this paper is to explore different funding sources for young technology-based companies at different stages of their development, taking into consideration their characteristics. The study uses data from an extensive literature review on the start-up literature and a desk research analysis. The first part of the article focuses on the explanation of the concept of start-up with an emphasis on internal and external risks it can bear for a potential investor. The middle part of the article offers an overview on various division concepts into phases of a start-up. The final part explains characteristics of different kinds of investors in order to match them with specific phases of growth. The author’s findings reveal that the new technology-based firms demonstrate different financing patterns at different stages of development. The article may serve as an interesting overview for start-ups planning their development path as it attempts to reconcile different points of view. However, being based only on existing literature sources, further research is necessary for more profound conclusions.

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SURVIVAL DRIVERS OF POST-INCUBATED START-UPS: THE EFFECT OF ACADEMIC GOVERNANCE

International Journal of Innovation Management ◽

10.1142/s1363919619500622 ◽

2019 ◽

Vol 23 (07) ◽

pp. 1950062 ◽

Cited By ~ 4

Author(s):

SIMONE SCAGNELLI ◽

LORENZO VASILE ◽

MICO APOSTOLOV

Keyword(s):

Financial Performance ◽

New Technology ◽

Faculty Members ◽

Direct Involvement ◽

Academic Governance ◽

Industrial Networks ◽

New Technology Based Firms ◽

Start Ups ◽

University Industry

Incubators, spin-offs, industrial networks and consortiums are some of the examples to build-up university–industry links in fostering innovation. University incubators are well known for supporting the growth of start-ups by providing knowledge and research, as well as, sustaining entrepreneurship by the direct involvement of their faculty. In this regard, the aim of this paper is to examine the influence of faculty members on the financial performance of a sample of new technology based firms which have been previously incubated by different Italian University Incubators. Essentially, the results on the presence of academic governance in relation to the financial performance of the firm describe a certain dip, even when controlling for other variables such as the industry and the number of registered patents.

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The New Manufacturing: In Search of the Origins of the Next Generation Manufacturing Start-Ups

International Journal of Innovation and Technology Management ◽

10.1142/s0219877019500147 ◽

2019 ◽

Vol 16 (02) ◽

pp. 1950014 ◽

Cited By ~ 2

Author(s):

Xavier Ferrás-Hernández ◽

Albert Armisen-Morell ◽

Anna Sabata-Alberich ◽

Elisenda Tarrats-Pons ◽

Núria Arimany-Serrat

Keyword(s):

Manufacturing Industry ◽

New Technology ◽

Critical Role ◽

Global Competition ◽

Disruptive Technologies ◽

Deep Model ◽

Market Dynamic ◽

New Technology Based Firms ◽

Start Ups ◽

Do So

Manufacturing is undergoing a deep model change due to the convergence of several forces: (a) the simultaneous emergence of new disruptive technologies, (b) the accelerated substitution of men by machines, (c) the restructuring of global competition, with the consolidation of some global manufacturing clusters, and (d) a new market dynamic dominated by a growing consumer power. Much has been said about how industries adapt to these forces (a widely known example is the so-called “industry 4.0” paradigm). Scholarly literature states that, in moments of accelerated technological change and industry effervescence, new technology-based firms play a critical role in reshaping the markets and reconfiguring competition. Yet, little has been said in the literature about the features of new manufacturing start-ups. Our aim is to explore the origins of the new technological firms that are emerging in the manufacturing industry. To do so, we have created a database of 184 manufacturing start-ups, incepted since 2013, and which have attracted some US$ 2.4 billion in total funding; of these firms, we have analyzed a set of 291 founders’ profiles, looking for their backgrounds and previous experiences. Our findings suggest that promising new manufacturing technology-based firms are created mainly by teams formed by experienced managers and experts with solid scientific or technological backgrounds.

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