«Giovanna Mariani-Project Manager CLab

Why CLAB? Europe’s economy needs more entrepreneurs to take the plunge. Entrepreneurs are the heroes of our time. Entrepreneurship is also the most powerful driver of economic growth in economic history. Therefore, we want to make entrepreneurship an attractive and accessible prospect for European citizen[s]” (EU Commission Vice-President, 2013).

Why CLAB? Some research supports the suggestion that start-ups can represent a driver in job creation, economic growth, innovation and competitiveness (Minniti et al, 2006) So We have to understand what could help a start-upper to realize a good business with good results

Why CLAB? Etzkowitz et al. (2000, 2003) The university must lose its research ivory tower by developing an entrepreneurial university model with a socio-economic development function The green paper “Fostering and measuring third mission in higher educational institution” (2012) identifies a third mission to encourage the direct application and use of knowledge to contribute to the social, cultural, and economic development of the society. The third mission is designed In this direction, the university has four activities to realise TT and innovation: (1) formation of an entrepreneurial culture for students and researchers; (2) the protection of intellectual property and the commercial exploitation of patents; (3) support for ASOs; and (4) collaborations with companies via agreements and projects.

essentially for the value creation of the European economic system Why CLAB? ACADEMIC SPIN OFF are essentially for the value creation of the European economic system (Acs et al., 2005; Armington & Acs, 2002; Audretsch & Thurik, 2001; Carree et al., 2002; Davidsson & Wiklund, 2001; Johnson, 2004; Minniti et al., 2006; Storey, 1994; Lawton, 2000; Dahlstrand & Jacobsson, 2003; Clarysse et al., 2005; Mustar et al., 2008; Mariani et al., 2018). WHAT EFFECTS????

Why CLAB?

Why CLAB? Benefits of Academic Spin offs on local economy Source: Authors’ elaboration on Benneworth and Charles (2005)

Why CLAB? A survey The University of Pisa’s start-up population is 30 units (in 2016) 400,000 € for company Mariani G., Carlesi A., Scarfò A.A, (2018) , "Academic spinoffs as a value driver for intellectual capital: the case of the University of Pisa", Journal of Intellectual Capital, Vol. 19 Issue: 1, pp.202-226,

= 2.74 wealth created on the regional area.

WEAKNESSES OF ASOs no interest in planning activities a logic of improvisation strategic and critical role of working capital management low capacity for self-criticism of the management and / or the individual project modest financial resources Low-development "financial culture“, our ASOs prefer traditional debts. In our sample, short-term bank debt prevails in their financial structure, with more than 75%! Critical position in the market with competitors ……………..

Why CLAB? To promote "cultural metamorphosis" and fertilize an entrepreneurial mind-set To encourage innovation and stimulate real start-ups development. To develop the ability to communicate with different type of financiers (venture capitalists, bank systems, financial market players-According to “Europe 2020 Strategy” March 2013) To help Academic start-ups become real businesses, growing and reducing their rate of bankruptcy. To reduce “Peter Pan” entrepreneurial syndrome To favour the scientist’s DNA integration with the managerial gene. To fuel future managers and entrepreneurs to deal with uncertainty, to assume a long-term perspective, To promote start-ups with a real growth trend and to reinforce a start-up’s “immune system” against economic troubles and to reinforce resilience,

Why CLAB? SPIN-OFFS COULD REPRESENT AN IMPORTANT ASSET FOR UNIVERSITY: THEY ARE THE STEPPING STONES FOR INNOVATION AND THE WEALTH CREATION DRIVER FOR THE REGIONAL AREA

Why CLAB? GRAZIE PER L’ATTENZIONE