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The Creation of High-Tech Entrepreneurial Ventures at the Local Level: The Role of Local Competences and Communication Infrastructures

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  • Evila Piva
  • Luca Grilli
  • Cristina Rossi-Lamastra

Abstract

This paper sheds light on the role of human capital for the creation of New Technology-Based Firms (NTBFs) in a geographical area. We relate NTBF creation to the local availability of human capital ( local competences ) and to the local accessibility of distant competences through communication infrastructures . We argue that local competences and communication infrastructures have a differential impact on NTBF creation in manufacturing and service industries due to the diverse productive characteristics of the sectors. In particular, we claim that local competences have a more positive effect on manufacturing, whereas communication infrastructures affect services more. Findings from the estimations of econometric models on the Italian provinces are in line with these predictions. The moderating effects of local economic and technological development on the inquired relationships are also considered. Whereas economic development seems to weaken the effect of local competences in manufacturing and reinforce that of communication infrastructures in services, technological development has no moderating effects.

Suggested Citation

  • Evila Piva & Luca Grilli & Cristina Rossi-Lamastra, 2011. "The Creation of High-Tech Entrepreneurial Ventures at the Local Level: The Role of Local Competences and Communication Infrastructures," Industry and Innovation, Taylor & Francis Journals, vol. 18(6), pages 563-580, August.
    • Handle: RePEc:taf:indinn:v:18:y:2011:i:6:p:563-580
    DOI: 10.1080/13662716.2011.591969
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    References listed on IDEAS

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    1. Keld Laursen & Francesca Masciarelli & Toke Reichstein, 2016. "A Matter of Location: The Role of Regional Social Capital in Overcoming the Liability of Newness in R&D Acquisition Activities," Regional Studies, Taylor & Francis Journals, vol. 50(9), pages 1537-1550, September.
    2. David B. Audretsch, 1995. "Innovation and Industry Evolution," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011468, April.
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    1. Guido Capaldo & Margarida Fontes & Lorella Cannavacciuolo & Pierluigi Rippa & Cristina Sousa, 2015. "Networks Mobilized to Access Key Resources at Early Stages of Biotech Firms: A Comparative Analysis in Two Moderately Innovative Countries," European Planning Studies, Taylor & Francis Journals, vol. 23(7), pages 1381-1400, July.
    2. Davide Consoli & Fabrizio Fusillo & Gianluca Orsatti & Francesco Quatraro, 2021. "Skill endowment, routinisation and digital technologies: evidence from U.S. Metropolitan Areas," Industry and Innovation, Taylor & Francis Journals, vol. 28(8), pages 1017-1045, September.
    3. Lise Aaboen & Hans Löfsten, 2015. "International new ventures localised in incubators - markets, resources and dynamic environment," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 7(1), pages 24-46.
    4. Gianni Onesti & Eleonora Monaco & Riccardo Palumbo, 2022. "Assessing the Italian Innovative Start-Ups Performance with a Composite Index," Administrative Sciences, MDPI, vol. 12(4), pages 1-18, December.
    5. Andrea Bonaccorsi & Massimo Colombo & Massimiliano Guerini & Cristina Rossi-Lamastra, 2014. "The impact of local and external university knowledge on the creation of knowledge-intensive firms: evidence from the Italian case," Small Business Economics, Springer, vol. 43(2), pages 261-287, August.
    6. Tobias Schlegel & Uschi Backes-Gellner, 2023. "The role of fields of study for the effects of higher education institutions on regional firm location," Small Business Economics, Springer, vol. 61(4), pages 1587-1656, December.
    7. Dina Cunha & Sandra T. Silva & Aurora A.C. Teixeira, 2013. "Are Academic Spin-Offs necessarily New Technology-Based firms?," FEP Working Papers 482, Universidade do Porto, Faculdade de Economia do Porto.
    8. Andrea Bonaccorsi & Massimo G. Colombo & Massimiliano Guerini & Cristina Rossi Lamastra, 2014. "How universities contribute to the creation of knowledge-intensive firms: detailed evidence on the Italian case," Chapters, in: Andrea Bonaccorsi (ed.), Knowledge, Diversity and Performance in European Higher Education, chapter 7, pages iii-iii, Edward Elgar Publishing.
    9. Michael Fritsch & Ronney Aamoucke, 2013. "Regional public research, higher education, and innovative start-ups: an empirical investigation," Small Business Economics, Springer, vol. 41(4), pages 865-885, December.
    10. Niccolò Ghio & Massimiliano Guerini & Cristina Rossi-Lamastra, 2016. "University knowledge and the creation of innovative start-ups: an analysis of the Italian case," Small Business Economics, Springer, vol. 47(2), pages 293-311, August.
    11. Andrea Bonaccorsi & Massimo Colombo & Massimiliano Guerini & Cristina Rossi-Lamastra, 2013. "University specialization and new firm creation across industries," Small Business Economics, Springer, vol. 41(4), pages 837-863, December.
    12. Hasan Boudlaie, 2020. "Studying the content characteristics of New Technology-Based Firms," Technium Social Sciences Journal, Technium Science, vol. 3(1), pages 94-111, February.
    13. Oscarina Conceição & Ana Paula Faria & Margarida Fontes, 2017. "Regional variation of academic spinoffs formation," The Journal of Technology Transfer, Springer, vol. 42(3), pages 654-675, June.
    14. Barbara Del Bosco & Alice Mazzucchelli & Roberto Chierici & Angelo Di Gregorio, 2021. "Innovative startup creation: the effect of local factors and demographic characteristics of entrepreneurs," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 145-164, March.

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