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| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | An analysis of the Politecnico of Turin and the Politecnico of Milan spin-off companies |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 35 |
| Date | 2016 |
| Abstract Text | In order to enhance research and foster innovations, universities can either protect and exploit intellectual property, or they can stimulate the creation of spin-off companies. Although these two activities are strongly connected with each other, spin-offs have usually a more direct impact on the local environment compared to other methods of technology transfer. In this respect, spin-off creation does not only produce benefits for the local economy, it also gives young researchers the opportunity to enter in the entrepreneurial world and to commercialise technologies developed in an academic context. The spin-off phenomenon is starting to get more attention, also in countries like Italy where investments in spin-off companies as a powerful mean for technology transfer started late compared to the US or other European universities. To assess the implications of this phenomenon for Italy, it is necessary to quantify the economic effect generated by these spin-offs. The basis for the evaluation within this thesis are spin-offs of two leading Italian universities, i.e. the Politecnico of Milan and the Politecnico of Turin. Data will be taken from different publicly available sources and it has therefore taken into account that all numbers presented in this work, e.g. concerning job creation or revenues, are underestimations of the real potential of all the existing spin-offs of these two universities, since data was only partially available. Overall, spin-off companies of the Politecnico of Turin and the Politecnico of Milan did produce benefits to their local environment by surviving longer than national start-ups, by creating more than 2’500 jobs combined and by generating more than USD 200 millions revenues for each university. Besides quantitative factors, the growth of these spin-offs also fostered qualitative innovations, such as incubators or venture capitalists’ pools. |
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