Collaborate on Route 128: a resource-based exploration of university–start-up interaction

We explore the phenomenon of university–start-up interaction (USUI), and when it is mutually beneficial to both universities and new high-tech ventures. We develop a theoretical framework based on the objectives of the two... [ view full abstract ]

We explore the phenomenon of university–start-up interaction (USUI), and when it is mutually beneficial to both universities and new high-tech ventures. We develop a theoretical framework based on the objectives of the two actor types, resources and three generic utilization mechanisms: education, new venture support, and university–industry interaction. Empirically, 36 qualitative interviews were conducted with clean-tech start-ups, universities, and other experts in the Boston area, also known as “Route 128.” In total, we identify 14 USUI practices. We find that USUI is largely based on intangible resources. Second, the resources that universities transfer to start-ups mostly relate to organization and product development, but little to market development. Third, universities can strengthen their education programs and knowledge utilization objectives through USUI, but there is little added value to fundamental research carried out by universities. Overall, we conclude that whether USUI is beneficial largely depends how organizations value their different objectives. Science-based start-ups are more likely to benefit from USUI, whereas start-ups close to market might be better off with other support programs. Universities with a strong focus on fundamental research benefit less from USUI than universities that are more diverse, applied, or have a strong focus on teaching and knowledge utilization.