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  • Lindholm Dahlstrand, Åsa, 1964-, et al. (author)
  • Innovative entrepreneurship policy : linking innovation and entrepreneurship in a European context
  • 2010
  • In: Annals of Innovation & Entrepreneurship. - Järfälla : CoAction Publishing. - 2000-7396. ; 1:1, s. 5602-
  • Journal article (peer-reviewed)abstract
    • Today it is a well-established fact that small- and medium-sized enterprises (SMEs) are important for economic growth and renewal. The ‘carrying out of new combinations’ may, however, have less to do with the size of a firm or organization, instead ‘newness’ in the form of innovation and entrepreneurship has again caught the attention of many academics and policymakers. Even so it is argued in this paper that the two areas of innovation policy a d entrepreneurship policy (both relatively recent as distinct policy areas) are seldom integrated and the concept of ‘innovative entrepreneurship policy’ has not yet fully emerged. This paper attempts to make a bridge between and integrate innovation and entrepreneurship policy. The paper presents an overview of innovation and entrepreneurship policies as derivatives of other policy areas, hinting at why it might be problematic to integrate an innovative entrepreneurship policy into existing policy areas. It is argued that public policy promoting innovation and economic growth must also involve instruments promoting entrepreneurship. Since this task is not easily accomplished, the concept of an Innovative entrepreneurship policy is also introduced in the discussion. It is argued that policies in favor of ‘innovative’ entrepreneurship should be considered in the context of a ‘holistic’ entrepreneurship policy framework. For innovative entrepreneurship to be able to fully contribute to economic growth and development it is suggested that its importance will need to be further acknowledged in innovation as well as entrepreneurship policies.
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  • Lindholm Dahlstrand, Åsa, 1964-, et al. (author)
  • Internal venturing : Sponsored corporate spin-offs in Sweden
  • 2007
  • In: International Business Geography. - London : Routledge. - 9780415429191 - 0415429196 - 9780203939208 ; , s. 97-116
  • Book chapter (other academic/artistic)abstract
    • Quite a number of earlier studies have found that the majority of new technology-based firms are spin-offs from existing organizations, usually established in the geographical neighborhood of the parent (Dorfman 1983; Roberts 1991; Saxenian 1994; Sternberg 1996; Keeble 1997; Lindholm Dahlstrand 1997, 2001; Lindholm Dahlstrand and Dahlander 2003). Since established corporations are responsible for a large amount of R&D in many industrialized regions and countries, they are also likely to play a key role in evolving new technologies and future growth. However, even though knowledge-intensive organizations such as large technology-based corporations and universities are often found as sources of technological innovations, they have frequently demonstrated difficulties in realizing or exploiting the full value of such innovations (Abernathy and Utterback 1978; Pavitt 1991; Bower and Christensen 1995; Rivette and Kline 2000). Reasons for this may be: a financial, e.g. they cannot find the capital to explore further; b organizational, e.g. the present organization is not suitable for exploitation; or c related to opportunity recognition, i.e. the established firm cannot see an underlying opportunity that may be appropriated with its resource-base.
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18.
  • Lindholm Dahlstrand, Åsa, 1964, et al. (author)
  • Internal venturing: sponsored corporate spin-offs in Sweden
  • 2007
  • In: Pellenbarg and E. Wever (Eds.). Routledge, London. International Business Geography: Case studies of Corporate Firms..
  • Book chapter (other academic/artistic)abstract
    • This paper investigates how spin-off firms perceive support from parent firms. The question was addressed by administering a questionnaire to 51 firms listed on the new Swedish stock markets (NGM and Aktietorget) set up in the mid-1990s. Spin-offs were identified as new firms, where the founder had drawn on experiences with his or her previous employer when starting the new firm. The sponsoring of spin-off firms (financing and other resources) was compared to the sponsoring of other new firms listed on these new stock markets. We found that more than a third of all corporate spin-offs had received sponsoring from their parents. However, it was quite unusual that the parent firms became minority owners or contributed financially to spin-off firms. Instead, sponsoring with other resources, especially personnel and equipment, was more common. Even so, sponsoring from the founders’ previous employers was found to be at least as – if not more – common among other ventures listed on the new stock market. Especially ventures based on external ideas seem to attract resources from previous employers. The results suggest that there are two types of relationships between established firms and former employees starting new firms. The first type is where the relationship is based on a business opportunity originating in the established firm and where this perceived opportunity is embodied in the former employee. This is the logic for entrepreneurial spin-offs found in literature. The second type is where the relationship is only based on a business opportunity embodied in the former employee, but where the opportunity did not originate in the established firm where the founder used to work. The second type is relevant because of the finding that former employers sponsor new firms of this kind as well. Finally, we conclude that the spin-off mechanism is indeed important for generating new ventures. However, the results suggests that established firms still to a large extent ignore the potential of listing sponsored entrepreneurial spin-off ventures on the stock exchange, and instead focus such activities on relatively more mature spin-offs.
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