Managing resources in the generation and development of research based spinoffs: evidences from Israeli ICT cases

Research-based spinoffs (RBSOs) have raised a greatinterest in recent years for their economic and social implications. The literature has studied this phenomenon from three different perspectives: resource-based, business-model driven, and institutional. Due to the possible correlation between the approaches, this work aims to suggest an integrated framework, adopting the four stages model of spinoff development. To present the application of the framework we performed an extensive examination of two RBSOs operating in the ICT sector. Results highlight the level and types of technological, human, financial and social resources (including also the institutional linkages), and their evolution and importance in the generation and development of these new high tech companies.