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

Research-based spinoffs (RBSOs) have raised a great interest 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 mod-el of spinoff development. To present the application of the framework we per-formed an extensive examination of two RBSOs operating in the ICT sector. Re-sults highlight the level and types of technological, human, financial and social re-sources (including also the institutional linkages), and their evolution and im-portance in the generation and development of these new high tech companies.