The Emergence and Survival of High-Technology Ventures in Europe
Edited by Jan Ulijn, Dominique Drillon and Frank Lasch
Chapter 5: Emergence of High-tech Ventures in France: How do Regional, Individual and Organizational Factors Influence Birth and Sustainability of New Firms?
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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