Sulej, Julian C.
This work examines the environment for entrepreneurship with regards to the phenomenon of geographically concentrated economic activity within clusters. By studying the biotechnology industry in Central Massachusetts, four groups of factors contributing to entrepreneurial activity were identified: The science base and mechanisms of technology transfer, the density of networks, and the role of business support services and companies in related industries, the entrepreneurial climate and the availability of finance and specialized labor, and the policy environment and other infrastructure. Furthermore, a theoretic model for the use of policy to foster entrepreneurial activityand the growth of clusters was developed based on the findings.
Worcester Polytechnic Institute
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