The influence of human and social capital upon the entrepreneurial intentions and destinations of academics

Abstract

The development of entrepreneurial intentions by academics remains a relatively unexplored area. This study investigates the transition from intentions to career destinations in a group of early career bioscientists following their participation in a business plan competition. Despite a significant proportion of academics stating entrepreneurial intentions, very few were seen to subsequently create new ventures. Through a longitudinal analysis distinct patterns of changing aspirations are observed as academics attempt to develop ventures within academe or leave to pursue industrial careers. Propositions are developed explaining how the use of social capital influences changing ambitions and destinations. We observe that weak ties are used to reveal the specific skills needed to realise entrepreneurial intentions. By contrast, strong ties are used to either reinforce entrepreneurial intentions or change career aspirations altogether.