The Emergence and Survival of High-Technology Ventures in Europe
Edited by Jan Ulijn, Dominique Drillon and Frank Lasch
Chapter 3: Incubating Technology Entrepreneurship in Slovenia: Do the Nation’s Institutions Foster Cooperation?
Mateja Drnovsek, Patricia Kotnik, Valentina ˇ Nahtigal, Janez Pras nikar and Ales Vahcic ˇ ˇ ˇˇ INTRODUCTION Slovenia has successfully transformed from a socialist to a market economy. However, at the start of the twenty-ﬁrst century and following a successful entry into the common market of the European Union (EU), the key developmental challenges are becoming ever more important. The Global Competitiveness Report (Porter et al., 2004) provides ample evidence that the drivers of economic development in the twenty-ﬁrst century diﬀer substantially from those relevant to the twentieth century. Accordingly, the global competitiveness reports have for some time (2001–04) been highlighting the intensity of knowledge transfer as one of Slovenia’s key competitive disadvantages. Thus, the challenge for transition economies in particular is to evolve and possibly leap-frog from the intermediary to the knowledge, technology and know-how societies. For such a transition to be eﬀective and sustainable, the key success factors are innovation and knowledge clusters linking public and private research and technological development (OECD, 2001). Technological development that is successfully commercialized is driven through intangible resources such as knowledge and social capital, which are proving to be the coal, oil and diamonds of the twenty-ﬁrst century (Carayannis and von Zedtwitz, 2005). Indeed, the Lisbon strategy recognized entrepreneurship as a key area to be developed in order to achieve sustainable economic growth. The next section of this chapter reviews theoretical paradigms on economic growth, innovation and entrepreneurship. The rest of the chapter focuses on empirical data to illustrate the...
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