The Technological Base of the New Enterprise

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Abstract
This chapter attempts to explain empirically the initial technological base for the spin-off new enterprise. It focuses on the extent to which the technology used to start new firms is drawn from Massachusetts Institute of Technology (MIT) labs and academic departments and other entrepreneurial source organizations, and assesses the influence upon this technology transfer. A conceptual model is presented of a variety of hypothesized influences on the flow of technology from an advanced R&D source organization into a newly founded company. In this chapter, the measure utilized to examine the final technology transferred is a four-point scale of importance of the technology to the new firm: direct, partial, vague, and none.

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