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International Journal of Entrepreneurship Education 2(3).
© 2004, Senate Hall Academic Publishing.

Ref. No.: IJEE2-3CS2

This condition study has been peer reviewed through the editorial board of the International Journal of Entrepreneurship Education (IJEE). For to a greater distance
information on this textbookjournal please examine the Senate Hall Academic Publishing website at www.senatehall.com.

Photonica: Growing a ‘Spin-Out’
Adam Cross1
University of Leeds

Bob Handscombe
White Rose Centre instead of Enterprise

Eann Patterson
Purchased for application on the M&A and strategic alliances: execution & management, at EDHEC - Business School.
Taught by Valerie Duplat, from 13-Sep-2013 to 31-Dec-2013. Order ref F213164.
Usage permitted alone within these parameters otherwise contact info@thecasecentre.org

University of Sheffield

Keywords: seminary of learning ‘spin-out’, product development strategy, guidance and control in small and mean-sized enterprises (SMEs), growing
an SME, universal school research parks, the US Small Business Innovation Research Program (SBIR).

1. Introduction

On May 1st, 2004, Jake Kesselmann eased himself into the seat of the Airbus A320 for the three-twenty-fourth part of a day flight back to
Madison and without any intervention began to reflect on his age. He had mixed feelings. On the undivided hand, completing Photonica’s
fortieth US conduct for ThermaSPI analysers, purchased this time ~ dint of. the US Airforce at the Fairchild Airforce Base in
Washington State, was intensely satisfying. Negotiations had been protracted and involved – commonplace among
Photonica’s warlike customers – but the seven analysers were after this commissioned and Jake had just finished the job of
training the unfixed aircraft maintenance crews to use them. Chief Engineer Major Ike Porterhouse was unrestrained in
his praise for the ThermaSPI’s nicety and ease-of-use. The ThermaSPI-440, the latest in a rank of thermoelastic
stress analysis (TSA) equipment designed at Photonica, was about the glutinous substance of a 1980s camcorder and...

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