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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 5: Emergence of High-tech Ventures in France: How do Regional, Individual and Organizational Factors Influence Birth and Sustainability of New Firms?

Frank Lasch, Frédéric Le Roy and Saïd Yami

Subjects: business and management, entrepreneurship


5. Emergence of high-tech ventures in France: how do regional, individual and organizational factors influence birth and sustainability of new firms? Frank Lasch, Frédéric Le Roy and Saïd Yami INTRODUCTION Researchers and practitioners emphasize that high-tech ventures are very specific types of organization that require specific conditions for the emergence, the localization and the sustainability of their business. High-tech entrepreneurs seem to be particularly sensitive to the local or regional socio-economic environment that offers the best entrepreneurial opportunities to create and to survive. But very few studies analyse this relationship and only a few empirical findings are available that offer us a deeper insight into how regional conditions affect entrepreneurship in general and survival in particular. A real paradox illustrates this situation. On the one hand, high-tech ventures, and especially those in information and communication technologies (ICTs), are often considered as ‘footloose’ (‘death of distance’) and challengers of the relationship between geography (the quality of the regional context) and location. On the other hand, certain areas seem to be more attractive than others for this type of firm. But entrepreneurship, favoured or handicapped by institutional and regional conditions, is only half of the truth when we focus on topics like emergence and sustainability of firms in the ICT sector. In this industry, entrepreneurial opportunities are linked to a high risk of failure and in France only one firm out of three passes the crucial first three-year threshold. The perception of this...

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