Abstract for: Modeling Spin-off Creation in University Technology Transfer with System Dynamics
University spin-offs become more and more preferred in recent years as an option to transfer university technology to the market due to its social economic advantage. As a result of Japanese government policy in 2001, number of university spin-offs increased at the beginning yet declined after five years. By focusing on university level, this paper explores activity of technology transfer from research project as initial step of technology transfer to university spin-off as one of technology transfer channel. System dynamics is used to model the system. The proposed model allows intervention to the activity in form of initial capital and support on business model and practice to increase number of new university spin-off. Simulation results show that both factors positively correlates with number of new university spin-off. In addition, support on business model and practice is found to have higher influence than initial capital.