UVC short description and overview models.xlsx

The establishment of university venture capital (UVC) models has gained prominence as a means to address the funding gap faced by university spin-offs (USOs) during their early life stages. However, limited research exists regarding the various UVC models and their potential impact on UVC operations. This paper aims to address this research gap by studying UVC models existing in Europe. Through an analysis of 57 European UVCs, this study identifies nine distinct models based on UVC management and entities involved. The identified models provide valuable insights into the structuring of UVCs. The results show four crucial dimensions that universities must consider when establishing UVCs: control, funding capabilities, signaling, and logic. When establishing UVCs, universities must carefully navigate trade-offs between the four dimensions, as each dimension carries its own set of advantages and potential drawbacks. This research makes a contribution to academic literature by expanding the current understanding of UVCs and shedding light on their various models. Moreover, it provides practical implications for universities, UVCs, and USOs by offering insights into the different UVC models present in Europe. This knowledge can assist stakeholders in making decisions regarding the establishment and operation of UVCs, ultimately aiding in the successful development of USOs.