Creating Silicon Valley in Europe: Public Policy Towards New Technology IndustriesThrough the 1990s and early 2000s the strength of the United States economy has been linked to its ability to foster large numbers of small innovative technology companies, a few of which have grown to dominate new industries, such as Microsoft, Genentech, or Google. US technology clusters such as Silicon Valley have become tremendous engines of innovation and wealth creation, and the envy of governments around the world. Creating Silicon Valley in Europe examinestrajectories by which new technology industries emerge and become sustainable across different types of economies. Governments around the world have poured vast sums of money into policies designed to foster clusters of similar start-up firms in their economies. This book employs careful empirical studies of thebiotechnology and software industries in the United States and several European economies, to examine the relative success of policies aimed at cultivating the 'Silicon Valley model' of organizing and financing companies in Europe.Influential research associated with the 'varieties of capitalism' literature has argued that countries with liberal market orientations, such as the United States and the United Kingdom, can more easily design policies to cultivate success in new technology industries compared to countries associated with organized economies, such as Germany and Sweden. The book's empirical findings support the view that national institutional factors strongly condition the success of new technology policies.However, the study also identifies important cases in which radically innovative new technology firms have thrived within organized economies. Through examining case of both success and failure Creating Silicon Valley in Europe helps identify constellations of market and governmental activities thatcan lead to the emergence of sustainable clusters of new technology firms across both organized and liberal market economies. |
Contents
List of Figures | viii |
Introduction 1 | xv |
The Silicon Valley Model | 15 |
Copyright | |
6 other sections not shown
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Creating Silicon Valley in Europe: Public Policy Towards New Technology ... Steven Casper Limited preview - 2007 |
Creating Silicon Valley in Europe: Public Policy Towards New Technology ... Steven Casper Limited preview - 2007 |
Creating Silicon Valley in Europe:Public Policy Towards New Technology ... Steven Casper No preview available - 2007 |
Common terms and phrases
activities biotech biotechnology cluster biotechnology companies biotechnology industry Cambridge Casper CMEs commercialization company law comparative institutional advantage competencies competitive corporate governance create e-commerce e-commerce software economic coordination economy employees enterprise software entrepreneurial Ernst & Young existence flexible labor markets focussed funding genomics German biotechnology firms German firms high-powered Hybritech important incremental innovation Internet IPOs laboratories large number linking LMES long-term employment middleware software million national institutional frameworks Neuer Markt nology organization patenting patterns of economic percent pharmaceutical platform biotechnology platform technology programs public policy Qiagen radically innovative firms radically innovative industries regional risk San Diego biotechnology scientists sectoral support system senior managers Siemens Silicon Valley model social networks Soskice standard software stock options strategies strong success surrounding sustain technology clusters technology companies technology firms technology industries telecommunications therapeutics UK biotechnology University Press varieties of capitalism venture capital venture capital investments Whitehead Institute wireless