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Entrepreneurship, Cooperation and the Firm

Entrepreneurship, Cooperation and the Firm

The Emergence and Survival of High-Technology Ventures in Europe

Edited by Jan Ulijn, Dominique Drillon and Frank Lasch

The book is an exceptional result of a distinctive network of European and American scholars, practitioners, and members of public institutions interested in the critical issues of emergence and survival of technology and knowledge based firms. The contributors study examples from both the old EU-member states such as France, Germany, the UK and the Netherlands, as well as newer countries such as Slovenia and Estonia. The book is unique in bringing culture and psychology together in the particular context of the nascent technopreneur.

Chapter 4: The Knowledge Marketplace: Understanding Interaction at the Academic–Industry Interface

Michael C. Brennan and Pauric McGowan

Subjects: business and management, entrepreneurship


Michael C. Brennan and Pauric McGowan INTRODUCTION The widely reported importance of high-tech-based start-up firms (Tidd et al., 2005) is based on the observation that such firms contribute disproportionate added value to national and regional economies when compared to conventional start-ups. Such a contribution can be measured in a variety of ways – for example wealth creation, job creation and export performance. Such performance is based in part on the knowledge competence of the individual entrepreneurs who create such firms and in particular the often implicit or hidden relationships between high-tech entrepreneurs and academia. While the merit of researching such a relationship initially appears counterintuitive – in that such entrepreneurs would appear to gain little from a relationship with large, often traditional bureaucratic organizations – there is evidence that this relationship is extremely important in high-tech and knowledge-based firms (Cooper, 2000). Academia and individual academic institutions are a primary source of new knowledge production and innovation. High-tech entrepreneurs interact with academia in subtle and informal knowledge exchanges that are not always identifiable or appreciated by university managers. This knowledge exchange activity is becoming increasingly important given the changing role of universities within modern economies. We suggest that understanding knowledge exchange activity as part of a knowledge marketplace is an important foundational research activity in supporting high-tech start-ups at a regional and national level. The research domain that encompasses such foundational research can be broadly defined as academic entrepreneurship. Further, that the investigation of academic entrepreneurship between European regions and nations is...

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