Sustainability and scalability of university spinouts:a business model perspective


Most previous studies of university spinouts (USOs) have focused on what determines their formation from the perspectives of the entrepreneurs or of their parent universities. However, few studies have investigated how these entrepreneurial businesses actually grow and how their business models evolve in the process. This paper examines the evolution of USOs' business models over their different development phases. Using empirical evidence gathered from three comprehensive case studies, we explore how USOs' business models evolve over time, and the implications for the financial sustainability and operational scalability of these ventures. This paper extends existing research on the development of USOs, and highlights three themes for future research.

Publication DOI:
Divisions: College of Business and Social Sciences > Aston Business School
Additional Information: This is the peer reviewed version of the following article: Ziaee Bigdeli, A., Li, F., & Shi, X. (2015). Sustainability and scalability of university spinouts: a business model perspective. R&D Management, Early view., which has been published in final form at This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
Uncontrolled Keywords: business model,university spinout,sustainability,start-up firms,Business and International Management,Management of Technology and Innovation,Strategy and Management,Business, Management and Accounting(all)
Publication ISSN: 1467-9310
Last Modified: 20 May 2024 07:14
Date Deposited: 01 Oct 2015 08:55
Full Text Link: http://onlineli ... .12167/abstract
http://doi.wile ... 1111/radm.12167
Related URLs: http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2015
Published Online Date: 2015-09-25
Authors: Ziaee Bigdeli, Ali (ORCID Profile 0000-0002-8128-0918)
Li, Feng
Shi, Xiaohui



Version: Accepted Version

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