New ventures represent one of the possible answers to the structural challenges that the whole manufacturing Italian system, particularly in Veneto, has been experiencing over the last years. What are the characteristics of these new ventures? What are the firms that have the highest survival probability? To answer these questions we analyze 6.325 firms founded in Veneto during the years 2005, 2006, and 2007 as sole proprietorships. In particular, we test the survival superiority of spin-offs, new ventures founded by entrepreneurs with previous industry-specific working experience, compared to startups, new ventures founded by entrepreneurs without such experience. Results deepen our knowledge on the new manufacturing entrepreneurship in Veneto and provide original insights to set policy interventions that effectively sustain the birth of new ventures.
Keywords: Manufacturing, Startup, Spin-off, Survival Analysis
Jel Code: M13; M21