University spin-offs and their impact: Longitudinal evidence from Italy

The creation of university spin-off companies (USOs) is one of the most visible form of commercialization of university research. To date, there is scant and mixed evidence about USOs and their performance, thus producing a debate about their impact on the economy and society and about the legitimization of policies to support their development. In this paper, we address this gap by providing evidence about the growth strategies and performances of USOs in the Italian context. We analyze the population of nine hundred thirty-five USOs spin-off from Italian public universities since 2000, highlighting potential avenues for future research on this important topic.