The importance of spin-off companies in R&D activities

Author

Bagi, I. ; Bálint, A.

Author_Institution

Budapest Univ. of Technol. & Econ., Budapest, Hungary

fYear

2009

fDate

21-23 Oct. 2009

Firstpage

525

Lastpage

529

Abstract

This research paper is about to examine the role of spin-off companies in research and development. The paper emphasizes the success factors (closeness to parent institutions, founder´s competencies, life experience, R&D capacity, industrial concentration) in spin-off development. We introduce ELINOR Engineering Ltd., a Hungarian technology-oriented spin-off company, which can be seen as a good case for a successful spin-off company. The company initiated a new project in healthcare, which aims to develop duplex threaded fixing screw for more efficient curing of femoral fractures. The project is characterized by pronounced interdisciplinarity linking traumatology, technology engineering and business management. The paper shows the development of this project by emphasizing the success factors of spin-off companies.

Keywords

fasteners; health care; medical supplies; research and development; ELINOR Engineering Ltd; R&D activities; business management; duplex threaded fixing screw; femoral fracture curing; healthcare; spin-off development; technology engineering; technology-oriented spin-off company; Business; Companies; Costs; Curing; Fasteners; Innovation management; Medical services; Paper technology; Research and development; Technological innovation; Conformance Cost; Internal And External Failure Cost; Non Conformance Cost; Total Quality Cost;

fLanguage

English

Publisher

ieee

Conference_Titel

Industrial Engineering and Engineering Management, 2009. IE&EM '09. 16th International Conference on

Conference_Location

Beijing

Print_ISBN

978-1-4244-3671-2

Electronic_ISBN

978-1-4244-3672-9

Type

conf

DOI

10.1109/ICIEEM.2009.5344535

Filename

5344535