№ 2/2018

Fìnansi Ukr. 2018 (2): 93–108

FINANCIAL AND ECONOMIC REGULATION

TATOMYR Iryna ¹

¹Drohobych Ivan Franko State Pedagogical University
OrcID ID : https://orcid.org/0000-0002-3274-7083

The influence of academic capitalism on spin-off activity of subsidiary companies

The article substantiates the importance of conducting entrepreneurial activity by university structures, which pay more attention to research that is in demand in the world. This allows researchers to profit from the important innovation work they perform. Particular attention is paid to the legislative initiatives of the EU and US governments in relation to the consolidation of intellectual property rights for the inventions developed at the expense of the state budget. Positive and negative aspects of academic capitalism development in higher school are considered; its optimistic and pessimistic scenarios for the subjects of the educational market – the state, university structures, faculties, students, and an entrepreneurship sector – are defined. It is established that new innovative high-tech companies are an attractive base for commercializing the results of research and technology transfer, as they contribute to the formation of a competitive industrial structure, the creation of new jobs, and the replenishment of the state budget by providing additional value and increasing the level of competitiveness of the country. The common and distinctive features of such forms of academic separation as spin-out and spin-off companies are determined. The author offers a mechanism for technology transfer and commercialization of results through a spin-off company. The social, economic and innovative effects that take place in the transfer of technologies from the academic industry to industry are described. It is proved that an alternative model for the commercialization of university development, along with the creation of spin-off companies, is licensing without the participation of an educational institution in the company's capital. The statistics of the activities of the world’s largest spin-off companies are given. The author proposes measures that would promote the development of academic entrepreneurship in Ukraine.

Keywords:academic capitalism, spin-off and spin-out companies, technology transfer, Bey-Dole Act

JEL: A20, I22, I23

Tatomyr I. . The influence of academic capitalism on spin-off activity of subsidiary companies / I. Tatomyr // Фінанси України. - 2018. - № 2. - C. 93-108.

Article original in Ukrainian (pp. 93 - 108)

Download

Downloads :528

1. Slaughter, S., Leslie, L. (1997). Academic capitalism. Politics, Policies, and the Entrepreneurial University. Baltimore, MA: The John Hopkins University Press.
2. Clark, B. R. (2008). Creating Entrepreneurial Universities: Organizational Pathways of Transformation. U.K.: Emerald Group Publishing Ltd.; Howard House.
3. Shevchenko, L. S. (2014). Universities as subjects of intellectual entrepreneurship. Theory and practice of jurisprudence, 1 (5), 5–12 [in Ukrainian].
4. Romanovs`ky`j, O. O. (2012). The phenomenon of entrepreneurship in the universities of the world. Vіnny`cya: Nova Kny`ha [in Ukrainian].
5. Marginson, S., Considine, M. (2000). The enterprise university: power, governance, and reinvention in Australia. U.K.: Cambridge University Press.
6. Readings, B. (2009). The university in ruins. Minsk: BGU [in Russian].
7. Kvyek, M. (2003). National state, globalization and the University as a modern institution. Philosophical thought, 3, 58–65 [in Ukrainian].
8. Bazhal, Yu. M. (2015). Development of innovation activities within knowledge triangle “government-university-industry”. Economy and forecasting, 1, 76–88 [in Ukrainian].
9. Bereznyak, N. V. (2015). Experience of functioning of spinout and spinoff companies for the organization of similar intermediary structures in Ukraine. Scientific and technical information, 4, 38–42 [in Ukrainian].
10. Porkhun, E. Yu. (2011). The possibility of usage of “spin-off” and “spin-out” models in organization of innovative companies. Creative economy, 5 (53), 103–108 [in Russian].
11. Ly`tvy`n, I. V. (2012). Academic Business Activities at Stanford University. Management of innovation process in Ukraine: problems of commercialization of scientific and technical developments. L`vіv: Vy`davny`ctvo L`vіvs`koyi polіtekhnіky` [in Ukrainian].
12. Ly`tvy`n, I. V. (2013). Using by leading U.S. research universities potential of technology transfer. Bulletin of the National University “Lviv Polytechnic”, 769, 167–174 [in Ukrainian].
13. Higher School of Economics. (2012). Commercialization of university development: a guide for creators of intellectual property. Retrieved from www.hse.ru/data/2013/08/05/1291006952/ [in Russian].
14. Bloomberg, PwC. (2016). Global Top 100 Companies by market capitalisation. An IPO Centre publication.
15. Stanford University website. (n. d.). Retrieved from otl.stanford.edu/documents/.
16. Stanford University Office of Technology Licensing. (2016). Start-ups: Annual Report. Author.
17. Kry`zs`ka, R. Yu. (2010). Methods of state stimulation of investment and innovation processes: foreign experience and domestic practice of management. Investments: practice and experience, 8, 82–85 [in Ukrainian].
18. Knut, A., Krasovs`ka, O. (2015). Academic entrepreneurship in Ukraine. BE Berlin Economics GmbH [in Ukrainian].