Risk and Innovation: The Role and Importance of Small, High-Tech Companies in the U.S. Economy

Front Cover
National Academies Press, Nov 30, 1995 - Political Science - 104 pages

Smaller, technically-oriented companies often assume types of risk (and an amount of risk) that is not often tolerated by large companies. In the United States both consumers and companies depend on smaller, high-tech companies to explore the commercial application of technology in potential, emerging, and small markets. This book, through comparison of six industries in which small companies play a critical role, explores the principal economic function of small, high-tech companies--to probe, explore, and sometimes develop the frontiers of the U.S. economy in search of unrecognized or otherwise ignored opportunities for economic growth and development.


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Executive Summary
Introduction 8
The Roles of Technological StartUps and Small Innovative 15
Conclusions 37
State and Regional Assistance Programs 63
Unintended Effects of Government Policymaking 69
What We Know About Small Business in America 77
The Data on Small HighTech Companies 84

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