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Cambridge Journal of Regions, Economy and Society 2008 1(2):303-319; doi:10.1093/cjres/rsn010
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© The Author 2008. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org

This article appears in the following Cambridge Journal of Regions, Economy and Society issue: Knowledge Networks and Innovation [View the issue table of contents]

Oxfordshire biomedical university spin-offs: an evolving system

Helen Lawton Smitha, Saverio Romeoa and Shamistha Bagchi-Senb

a Department of Management, Birkbeck College, University of London, Malet Street, Bloomsbury, London WC1E 7HX, UK. h.lawton-smith{at}mbs.bbk.ac.uk, jrome01{at}students.bbk.ac.uk
b Department of Geography, The State University of New York at Buffalo, 105 Wilkeson Quad, Buffalo, NY 14261, USA. geosbs{at}gmail.com


  Abstract

The creation of university spin-offs and the development of its biotechnology industry are two of the UK's and many other countries' top research-to-commercialisation priorities. Usually more is known about the numbers of spin-offs than their performance. This paper analyses the performance of 56 biomedical spin-offs from Oxfordshire's universities and public sector research laboratories with respect to human resources, the degree of innovative capability and internationalisation. In so doing, it explores the contribution of this group of firms to the evolution of science-based industry in this particular location which is one of the UK's leading centres of research and innovation.

Keywords: biomedical sector, academic spin-offs, Oxfordshire, universities

Received on August 21, 2007. Accepted on April 15, 2008.

JEL codes: O31


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