Does light touch cluster policy work? Evaluating the tech city programme

Nathan, Max

doi:10.1016/j.respol.2020.104138

Cited by 6 publications

(4 citation statements)

References 57 publications

(50 reference statements)

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“…It is one of the world's largest financial clusters and it has seen the development of a large cluster of FinTech firms looking to sell new technologies to the globally leading banks and investment firms located there. East London -sometimes referred to as Tech City or Silicon Roundabout -is a technology and software cluster, with concentrations of technical talent, scale-up support programs, and venture capital firms (Nathan, 2020). The ecosystem is known as being center of creative, design-based technology work, with a great deal of socializing between firms and high levels of worker mobility.…”

Section: Methods and Datamentioning

confidence: 99%

Examining the cohesiveness and nestedness entrepreneurial ecosystems: evidence from British FinTechs

Spigel

2022

Small Bus Econ

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It is not clear if entrepreneurial ecosystems are cohesive wholes within a region that support high-growth entrepreneurship across a variety of sectors or if ecosystems are made up of several, nested sectoral-specific sub-ecosystems. This debate speaks to larger disagreements about what entrepreneurial ecosystems are and how they work. This paper addresses this research gap by using a novel methodology based on career history data of founders and top management teams of high-growth FinTech ventures. This method is used to classify the backgrounds of 1,570 individuals in 380 British FinTech firms based on their prior job histories and employers into categories such as technology or finance. The paper finds substantial evidence of nestedness in the ecosystems, but rather than FinTech ecosystems being specialized finance or technology clusters, more generic forms of managerial know-how remain crucial to firm innovation and growth. This suggests that even very advanced ecosystems remain nested, with few cross-over points between different communities.

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Section: Methods and Datamentioning

confidence: 99%

Examining the cohesiveness and nestedness entrepreneurial ecosystems: evidence from British FinTechs

Spigel

2022

Small Bus Econ

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“…Examines the spatial concentration of high-tech industries and the benefits of agglomeration in terms of knowledge spillovers, networking opportunities, and economies of scale [11,12,[48][49][50][51][52][53].…”

Section: Research Theory Content Summarymentioning

confidence: 99%

Energy Management and Environmental Protection in Industrial Parks: A Comparative Study of Central Taiwan Science Park and Silicon Glen

Chen,

Liu

2023

Buildings

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This manuscript focuses on analyzing the growth dynamics of the Central Taiwan Science Park (CTSP) and Silicon Glen in Scotland with a specific emphasis on their approaches to energy, environmental conservation, and economic management. The objective is to provide insights into their sustainable development strategies. In terms of energy, CTSP addresses Taiwan’s energy security and green transformation challenges, while Silicon Glen concentrates on Scotland’s wind energy generation technologies. Both regions prioritize the advancement of renewable energy sources and smart grid technologies. In the realm of environmental conservation, both CTSP and Silicon Glen prioritize environmental protection and sustainability by implementing rigorous environmental monitoring measures. Regarding economic management, CTSP and Silicon Glen serve as vital technology industry hubs in Taiwan and Scotland, respectively, attracting a multitude of high-tech and startup enterprises. This growth is facilitated through various means, including policy support, access to research resources, and robust infrastructure. This manuscript presents a comparative analysis of these two industrial parks, focusing on their environmental and economic management strategies. It aims to elucidate the principles underpinning the sustainable development and economic growth of industrial parks, offering valuable insights to decision-makers and stakeholders involved in the planning of sustainable industrial parks.

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“…As with entrepreneurs, financial organisations tend to be overlooked in regional innovation systems (Gjelsvik & Trippl, 2018). Moreover, although policies seem to add density to clusters, the added value of such policies and the role of financial actors in clusters are uncertain (Nathan, 2019). Research on this topic tends to focus on how venture capital, as an alleged driver of regional change, is spatially distributed (Sorenson & Stuart, 2001).…”

Section: Ecosystem Financementioning

confidence: 99%

Financial Entrepreneurial Ecosystems: An Analysis of Urban and Rural Regions of Norway

Frimanslund

2022

JGBC

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Based on the entrepreneurial ecosystem (EE) perspective, this paper examines the role of finance and interrelated value-adding activities in ecosystems. The study employs a multiple-case design and interviews with 11 rural and urban innovative start-ups and stakeholders in the Norwegian market for entrepreneurial financing. The analysis disentangles the term recycling of entrepreneurial resources in ecosystems, explained here as a self-enhancing cycle of finance under certain conditions that allows enhancement of the ecosystem and members. The aim is to explain these mechanisms in business-level ecosystems, why they are important, and how they are new to entrepreneurship theories. The study argues that the robustness of ecosystems is characterised by the extent of such activities and how they affect entrepreneurial and regional growth. Bottom-up ecosystems can be spatially scattered and enable start-ups in disadvantageous localities to harvest critical resources from more advantageous places. This study provides a theoretical extension of EEs.

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Does light touch cluster policy work? Evaluating the tech city programme

Cited by 6 publications

References 57 publications

Examining the cohesiveness and nestedness entrepreneurial ecosystems: evidence from British FinTechs

Examining the cohesiveness and nestedness entrepreneurial ecosystems: evidence from British FinTechs

Energy Management and Environmental Protection in Industrial Parks: A Comparative Study of Central Taiwan Science Park and Silicon Glen

Financial Entrepreneurial Ecosystems: An Analysis of Urban and Rural Regions of Norway

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