Abstract
Universities are under increasing pressure to translate publicly funded research into
societal and economic impact. While faculty-led commercialisation dominates policy
and academic discourse, student-led ventures have emerged as a visible yet weakly
theorised pathway for research commercialisation, particularly where formal
technology transfer support is partial or intermittent. Existing research offers limited
insight into how such ventures persist over time under conditions of uncertainty,
actor turnover, and institutional misalignment.
This study examines student venture persistence as a longitudinal and processual
phenomenon. Drawing on Actor-Network Theory, we analyse a ten-year single-case
study of a student-led venture in Indonesia commercialising a university-developed
microbubble generator technology. Using narrative reconstruction, interviews, and
socio-technical graph analysis, we trace how the venture repeatedly emerged,
destabilised, and persisted through successive configurations of actors, artefacts,
and institutional arrangements.
The findings show that persistence is not characterised by linear progress, stable
growth, or organisational continuity. Instead, persistence is enacted through
repeated cycles of network reconfiguration, intensified translation work, and fragile
stabilisation around contested claims. Periods of heightened negotiation signal
network fragility rather than entrepreneurial momentum, while persistence holds only
as long as student actors are able to sustain translation demands alongside
academic and career obligations. Student-led commercialisation pathways are
shown to be structurally more fragile than institutionally led alternatives due to limited
authority, transient incentives, and uneven access to stabilising resources.
The study contributes to innovation and entrepreneurship research by
reconceptualising student venture persistence as a socio-technical accomplishment
and by highlighting student venturing as a consequential mechanism of research
commercialisation in emerging innovation systems.
Keywords
Academic entrepreneurship; students; persistence; commercialization; actor-
network; socio-technical; Indonesia