Artículo de revista
Start-ups success using public funds: university versus industry sponsorship
Fecha
2012Registro en:
Multidisciplinary Business Review, Vol. 5, No. 1, pp. 38-45, 2012
Autor
Paz Lillo, Ariel la
Cancino del Castillo, Christian
Miranda Pino, Jaime
Institución
Resumen
Innovation and entrepreneurship are pillars of the knowledge-intensive economies.
As such, most countries develop public support programs through Economic
Development Agencies (EDA) to foster their development and growth. These public
programs consider the idea of smart money that means not only providing financial
resources, but also technical-administrative advice to the entrepreneurs. In this
research, we are interested in comparing if the results of triple helix alliances (public
funds, entrepreneurs and university incubators), outperform non triple helix
partnerships (public funds, entrepreneurs and private consulting firms). We analyze
the performance of a sample of start ups subsidized by the Seed Capital Program
(SCP) of CORFO, the main EDA in Chile, using data mining methods. The results
describe clusters with better performance measures in sales, jobs creation,
patenting, and fund raising for those new companies partnering university
incubators than the non-triple helix cases of business developments.