TUM – Technical University of Munich Menü

Prof. Dr. Hana Milanov

Academic Career and Research Areas

Professor Milanov conducts research at the nexus of literatures in entrepreneurship, international business and social networks. Her interests lie in understanding the evolution of alliances and networks and their role in firm internationalization, opportunity exploitation and firm performance. The research contexts include predominantly U.S. venture capital, biotechnology and high technology industries.

Professor Milanov completed a Master of Science in Management and a PhD in Entrepreneurship at Kelley School of Business, Indiana University. Before joining TUM’s department, Professor Milanov was a Professor of Entrepreneurship at IE Business School in Madrid where she taught in the Masters of International Management, International MBA and Executive MBA programs. From 2014 to 2017 Prof. Milanov served as Senior Vice President for International Alliances and Alumni. Furthermore she is the Academic Director of the Executive MBA in Innovation and Business Creation.


  • Exemplary Journal of Business Venturing publication at the Academy of Management Entrepreneurship Research Exemplars Conference, University of Connecticut (2009)
  • Research grant from the Spanish Ministry of Education for a project “How firms enter and navigate network spaces: A longitudinal study”  (2008)
  • Finalist for Heizer Award (Best Dissertation in Entrepreneurship) (2008)
  • Outstanding Reviewer Award, Western Academy of Management Conference, Long Beach, CA. (2006)

Key Publications (all publications)

Milanov H, Fernhaber SA: "When do domestic alliances help new ventures abroad? Direct and moderating effects from a learning perspective". Journal of Business Venturing. 2014; 29(3): 377-391.


Milanov H, Shepherd D: "The importance of the first relationship: The ongoing influence of initial network on future status". Strategic Management Journal. 2013; 34(6): 727-750.


Zaheer A, Gozubuyuk R, Milanov H: “It’s the connections: The network perspective in interorganizational research”. Academy of Management Perspectives. 2010; 24(1): 62-77.


Dimov D, Milanov H: “The interplay of need and opportunity in venture capital investment syndication”. Journal of Business Venturing. 2010; 25(4): 331-348.


Milanov H, Fernhaber SA: “The impact of early imprinting on the evolution of new venture networks”. Journal of Business Venturing. 2009; 24(1): 46-61.