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Born to be Sold: Start-ups as Products and New Territorial Life Cycles of Industrialization

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  • Christian Livi
  • Hugues Jeannerat

Abstract

Territorial innovation models and policy practices traditionally tend to associate the emergence, resurgence and growth of start-ups with the development of local industries, either as industrial pioneers or as innovative spinoffs embedded in a regional production system. This approach is in line with a "life cycle" pattern of innovation and of industrialization marked by sequential waves of growth and decline, by technological renewal and by sectorial transitions. In a knowledge and financial economy characterized by combinatorial knowledge dynamics, by even shorter project-based innovations and by global financial and production networks, this approach is called into question. Through the case of Swiss medical technologies (Medtech), this paper highlights how local medtech start-ups' evolution is shaped, from its early phase on, by the corporate venture strategies of multinational companies. While the economic potential of start-ups was traditionally perceived in a longer run, they seem to be more often "born to be sold" today. New research avenues and policy issues are finally derived from this particular case to address territorial innovation and competitiveness in the future.

Suggested Citation

  • Christian Livi & Hugues Jeannerat, 2015. "Born to be Sold: Start-ups as Products and New Territorial Life Cycles of Industrialization," European Planning Studies, Taylor & Francis Journals, vol. 23(10), pages 1953-1974, October.
    • Handle: RePEc:taf:eurpls:v:23:y:2015:i:10:p:1953-1974
    DOI: 10.1080/09654313.2014.960180
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    References listed on IDEAS

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    1. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
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    Cited by:

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    2. Jose L. Salmeron & Taha Mansouri & Mohammad Reza Sadeghi Moghaddam & Narjes Yousefi & Alireza Tayebi, 2023. "Startup’s critical failure factors dynamic modeling using FCM," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 13(1), pages 1-18, December.
    3. Shamis, V. A. & Kulikova, O. M. & Neiman, S. Y. & Usacheva, E. V., 2017. "Agent modeling of advertising impact on the regional economic cluster lifecycle," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 3(4), pages 203-212.
    4. Ross Brown & Suzanne Mawson & Neil Lee & Lauren Peterson, 2019. "Start-up factories, transnational entrepreneurs and entrepreneurial ecosystems: unpacking the lure of start-up accelerator programmes," European Planning Studies, Taylor & Francis Journals, vol. 27(5), pages 885-904, May.
    5. Giulio Carli & Andrea Morrison, 2018. "On the evolution of the Castel Goffredo hosiery cluster: a life cycle perspective," European Planning Studies, Taylor & Francis Journals, vol. 26(5), pages 915-932, May.
    6. Renato Passaro & Ivana Quinto & Pierluigi Rippa & Antonio Thomas, 2020. "Evolution of Collaborative Networks Supporting Startup Sustainability: Evidences from Digital Firms," Sustainability, MDPI, vol. 12(22), pages 1-20, November.

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