An Entrepreneurial System View of New Venture Creation

Heidi M. Neck · G. Dale Meyer · Boyd D. Cohen · Andrew C. Corbett

488 citations0/0 files storedJournal of Small Business Management

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Entrepreneurship Studies and Influences Private Equity and Venture Capital Migration, Ethnicity, and Economy

Abstract

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.

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References

2004The iron cage revisited institutional isomorphism and collective rationality in organizational fields 2014New Venture Creation Entrepreneurship for the 21st Century 1985The role of networks in the entrepreneurial process 1993The development of an infrastructure for entrepreneurship 1955A History of Mechanical Inventions.1982The Origins of the Turbojet Revolution

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