Technology emergence through entrepreneurship across multiple industries

Jennifer L. Woolley

40 citations0/0 files storedStrategic Entrepreneurship Journal

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Entrepreneurship Studies and Influences Innovation and Knowledge Management Firm Innovation and Growth

Abstract

Abstract Radical process discontinuities provide opportunities for the founding of new firms across multiple industries; however, little is known about such emergence activity. This article examines nascent technology emergence by studying patterns of related entrepreneurial activity across multiple industries based on a radical process discontinuity. Using historical and statistical methods to examine all nanotechnology firms founded before 2005, I find that during technology emergence, entrepreneurship occurs first in upstream industries. These upstream entrepreneurs provide the technological foundations that enable the founding of firms in other industries developing the technology. The results show the role of industry interaction in the development of both upstream and downstream industries. Implications for entrepreneurs and technology emergence are discussed. Copyright © 2010 Strategic Management Society.

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References

1985Economic Action and Social Structure: The Problem of Embeddedness 1984A resource‐based view of the firm 2003The Theory of Economic Development 2000The Promise of Entrepreneurship as a Field of Research 1990Architectural Innovation: The Reconfiguration of Existing Product Technologies and the Failure of Established Firms 1989Asset Stock Accumulation and Sustainability of Competitive Advantage 1986Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy 1993Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy

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