The Entrepreneurial Event Revisited: Firm Formation in a Regional Context

This paper outlines the development of an entrepreneurial culture in the US Capitol region and the formation of a regional industrial cluster. The conditions that the literature associates with entrepreneurship lag rather than lead the development of the cluster. Supportive social capital, venture c...

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Bibliographic Details
Published in:Industrial and corporate change 2001-12, Vol.10 (4), p.861-891
Main Author: Feldman, M. P.
Format: Article
Language:English
Subjects:
Biotechnology
Business community
Economic development
Economic growth
Enterprises
Entrepreneurs
Entrepreneurship
Industrial innovations
Industry
Innovations
Phase transitions
Regional economics
Regions
Risk
Social capital
Studies
U.S.A
Venture capital
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Summary:This paper outlines the development of an entrepreneurial culture in the US Capitol region and the formation of a regional industrial cluster. The conditions that the literature associates with entrepreneurship lag rather than lead the development of the cluster. Supportive social capital, venture capital and entrepreneurial support services, as well as actively engaged research universities, are conditions that reflect the successful establishment of an entrepreneurial culture, built by the actions of pioneering entrepreneurs who often adapted to constructive crisis.
ISSN:0960-6491
1464-3650
1464-3650
DOI:10.1093/icc/10.4.861