Spin-off Growth project has received funding from the European Union´s Horizon 2020 research and innovation programme under grant agreement No. 730848.
The consortium is formed by:
- Instituto Aragonés de Fomento, Spain (Coordinator)
- Agência de Desenvolvimento Regional do Alentejo, Portugal
The objective of the Spin-off Growth is to improve and enhance the innovation support actions, activities and services addressed to Universities and Research Centers (U&RC) Spin-off.
The creation of spin-offs can be a significant mechanism to generate and sustain regional economic growth and competitiveness. Spin-offs are a source of knowledge transfer, promote economic growth and local development. They are an important source of innovation, and allow to increase the technology transfer between the U&RC and its environment, especially the relationship with productive sector.
Spin-offs are essential for the regional economic and social development as they provide qualified jobs, and perform activities with high creation of added value. They constitute a key element to move toward a new productive model based on research and innovation. Nevertheless, the commercialization of research, and spin-off creation in particular present significant barriers to bring successfully research developed in U&RC to the market.
The objectives of the project have been:
Through the use of “Twinning +”, during 12 months, the partners have identified and shared best practices based on their experience in entrepreneurship and business development within the knowledge and technology transfer framework. Moreover, the consortium has detected improvement areas of each organization for better Spin-off support.
In this sense, the partners have developed the Spin-off Growth Model.
Eight actions necessary for the development of a spin-off support program have beenidentified. These actions covers the linear model of spin-off creation process, and the Partners think through its implementation and development, it is possible to foster technology transfer and commercialisation through improvement regional innovation ecosystem, which increase spin-off companies, its growth and survival.
The result is documented in a Design Option Paper (DOP), which tries to identify and document implementation options, guidelines and implementation alternatives that the Consortium have experienced and would recommend to other innovation support service agencies. The DOP is a realistic roadmap for most appropriate and effective support in a more efficient manner to the University Spin-off companies.
The consortium expect that the lessons learnt for analysing good practices, can be used for others business supporters actors in order to foster technology transfer and commercialisation through spin-off companies.
Program: Horizon 2020
Call: INNOSUP-05-2016-2017 - Peer learning of innovation agencies
Project No: 730848
Budget: 50.000 €
EU contribution: 50.000 €
Start date: 1/12/2016 - End date: 30/11/2017