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    University spin-off policies and economic development in less successful regions: Learning from two decades of policy practice

    Access Status
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    Authors
    Benneworth, P.
    Charles, David
    Date
    2005
    Type
    Journal Article
    
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    Citation
    Benneworth, P. and Charles, D. 2005. University spin-off policies and economic development in less successful regions: Learning from two decades of policy practice. European Planning Studies. 13 (4): pp. 537-557.
    Source Title
    European Planning Studies
    DOI
    10.1080/09654310500107175
    ISSN
    0965-4313
    URI
    http://hdl.handle.net/20.500.11937/7881
    Collection
    • Curtin Research Publications
    Abstract

    Although there is great interest in the new knowledge economy, less favoured regions seem permanently disadvantaged because they lack a critical mass of knowledge capital to initiate accumulation, growth and economic development processes. This is a problem for policy-makers seeking to promote economic growth and territorial cohesion in such regions. Despite this, examples from two such regions, Newcastle, UK and Twente, the Netherlands, suggests that such companies can be very successful. This paper seeks to develop a conceptual model of how university spin-off companies (USOs) can improve their regional economies. The economic benefits that such companies bring are explored, to identify those elements which can potentially upgrade regional economies through knowledge accumulation, which are termed ‘building up territorial knowledge pools’. This paper concludes by developing a conceptual framework for the operation of the territorial knowledge pool; highlighting four different roles played by USOs in improving regional innovation environments and considering the conceptual and policy implications raised by the framework model.

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