Employee spinouts, startups founded by prior employees of existing industry firms, play a critical role in firm creation and knowledge transfer within and across industries. Their superior performance often arises from resources and knowledge accrued during employment in parent firms. An understudied question relates to whether prior employment in parent firms impacts an employee spinout’s alliance formation, given that alliances are critical to the survival and commercial success of startups. This article examines when employee spinout’s alliance partners overlap with their parent’s partners. Drawing on alliance formation patterns of U.S. medical device spinouts founded between 1990 to 2013, we find that spinouts extending their parents’ technologies tend to have more alliance partner overlap with their parents, whereas product market overlap leads to fewer overlapping partners.
As the pandemic forced shutdowns across the globe, U.S. government entities at the federal, state and local levels worked swiftly to secure known drivers of economic growth and job creation – including entrepreneurial ecosystems and small businesses. And while the programs implemented were widely lauded as successful, the story of who benefitted – and who did not – is more complex. This week’s Kenan Insight explores our experts’ key findings around the roles of policy and implementation in supporting equal access to opportunity.
UNC Kenan-Flagler Business School Professor of Finance and CREATE Faculty Director Maryann Feldman's latest report – co-authored with Simona Iammarino, Carolin Ioramashvili and Frederick Guy – is leading coverage of the ways in which Big Tech is radically changing the Triangle's startup ecosystem.
The CREATE center at the University of North Carolina at Chapel Hill, in partnership with the AOM Technology and Innovation Management (TIM) division, is pleased to organize the “Emergence: Organizations, Markets, Platforms, and Regions” conference. The conference seeks to unpack the processes of emergence and re-emergence that are core to creating prosperous economies.
Join UNC and 100 Black Angels & Allies for an evening of fun, connection and learning. If you have been reading about the full Black Technology Ecosystem Investors (BTEI) Certificate Program and are curious about whether it’s right for you, this is an event you won’t want to miss! You will hear from both practiced investors and everyday people who want to steer their investment towards Black-founded companies and venture funds. We’ll take a deeper look at what topics are included in the BTEI course, what a typical session might look like and what becoming BTEI certified might mean for you personally.
Join UNC and OHUB for an evening of fun, connection and learning. If you have been reading about the full DEI Solutions (DEIS) Certificate Program and are curious about whether it’s right for you, this is an event you won’t want to miss! Hear from top leaders who are skilled at incorporating DEI solutions in their companies and learn about a helpful framework to support those efforts.
Could new legislation help drive the development of local tech clusters – and the growth of corresponding economic power and development – beyond Silicon Valley? In this week’s Kenan Insight, our experts explore the gravitational pull of Big Tech along with what it could mean if startups across the U.S. were better able to remain and grow in the communities where they launch.
Entrepreneurs from diverse backgrounds face a variety of challenges in accessing resources, expertise and funding. Hear experts from our 2021 Frontiers of Entrepreneurship Conference discuss persistent issues and promising solutions for creating vibrant entrepreneurial ecosystems.
The COVID-19 pandemic increased economic inequities in a number of ways, including in access to external capital – and while 2020 marked a break-out year for venture-backed firms, the pandemic hit many main street businesses hard. In this Kenan Insight, we explore the forces driving the haves and have-nots in this new economic climate, as well as actionable policy solutions as government support programs wind down.
While technological advances have traditionally been a boon to the U.S. economy, the rapid rise of new platforms and the increased financialization of the economy in recent years have encouraged the growth of monopolies—driving an ever-widening geographic gap in the distribution of income across the country. New research from the Kenan Institute’s Professor Maryann Feldman explores the ramifications of this growing divide.
The Paycheck Protection Program kept small businesses from folding during the pandemic, but left many women and minority business owners empty-handed.