An Entrepreneurial System View of New Venture Creation

This paper reports the results of a two-phase study that explores new venture creation within the context of an entrepreneurial system. First, a genealogy of high-technology companies is presented depicting a high spin-off rate resulting from the presence of seven incubator organizations. Second, se...

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Veröffentlicht in:Journal of small business management 2004-04, Vol.42 (2), p.190-208
Hauptverfasser: Neck, Heidi M., Meyer, G. Dale, Cohen, Boyd, Corbett, Andrew C.
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container_end_page 208
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container_title Journal of small business management
container_volume 42
creator Neck, Heidi M.
Meyer, G. Dale
Cohen, Boyd
Corbett, Andrew C.
description This paper reports the results of a two-phase study that explores new venture creation within the context of an entrepreneurial system. First, a genealogy of high-technology companies is presented depicting a high spin-off rate resulting from the presence of seven incubator organizations. Second, semantic structure analysis ( Spradley 1980 ) based on semi-structured interviews with founders is used to develop a taxonomy. This taxonomy depicts the relationship among components in one entrepreneurial system, Boulder County, Colorado, that encourages, supports, and enhances regional entrepreneurial activity. Findings indicate that incubator organizations, spin-offs, informal and formal networks, the physical infrastructure, and the culture of the region are related uniquely and interact to form a system conducive for dense high-technology entrepreneurial activity. Additionally, greater rates of new venture formation were found following critical moments in the life of incubator organizations.
doi_str_mv 10.1111/j.1540-627X.2004.00105.x
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source Wiley Online Library Journals Frontfile Complete; EBSCOhost Business Source Complete
subjects Economic development
Entrepreneurs
Entrepreneurship
Evolution
High tech industries
Infrastructure
Macroeconomics
Open systems
Semantics
Startups
Studies
Taxonomy
title An Entrepreneurial System View of New Venture Creation
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