An Entrepreneurial System View of New Venture Creation
Abstract
This paper reports the results of a two-phase study that explores new venture creation within the context of an entrepreneurial system. First, a genealogy of high-technology companies is presented depicting a high spin-off rate resulting from the presence of seven incubator organizations. Second, semantic structure analysis (Spradley 1980) based on semi-structured interviews with founders is used to develop a taxonomy. This taxonomy depicts the relationship among components in one entrepreneurial system, Boulder County, Colorado, that encourages, supports, and enhances regional entrepreneurial activity. Findings indicate that incubator organizations, spin-offs, informal and formal networks, the physical infrastructure, and the culture of the region are related uniquely and interact to form a system conducive for dense high-technology entrepreneurial activity. Additionally, greater rates of new venture formation were found following critical moments in the life of incubator organizations.
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Elements are related in a unique way for every ecosystem.
“Elements are related in a unique way for every ecosystem [30] Neck et al. (2004)”
From Toward an Entrepreneurial Ecosystem Research Program (2022) · cites this paper as Neck et al. (2004)
Individual actors can increase connectivity and provide required resources by acting beyond their expected realm.
“Individual actors can increase connectivity and provide required resources by acting beyond their expected realm (Neck et al., 2004 )”
From Toward an Entrepreneurial Ecosystem Research Program (2022) · cites this paper as Neck et al., 2004
Elements are related in a unique way for every ecosystem and provide the basis for high-tech entrepreneurship.
“Elements are related in a unique way for every ecosystem and provide the basis for high- tech entrepreneurship”
From Toward an Entrepreneurial Ecosystem Research Program (2022) · cites this paper as Neck, H. M., Meyer, G. D., Cohen, B., & Corbett, A. C. (2004)
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“Individual actors can increase connectivity and provide required resources by acting beyond their expected realm (Neck et al., 2004 ), including accelerators ( Goswami et al., 2018 ; Pustovrh et al., 2020), government initiatives and policy interventions ( Motoyama & Knowlton, 2016 ; Radinger-Peer…”
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- Authors
- Neck, H. M., Meyer, G. D., Cohen, B., & Corbett, A. C.
- Affiliations
- Babson College (US)
- University of Colorado Boulder (US)
- University of Victoria (CA)
- Rensselaer Polytechnic Institute (US)
- ORCID
- Corbett, Andrew C.
- Venue
- Journal of Small Business Management
- Publisher
- Informa UK Limited
- Published
- 2004-04
- Volume
- 42
- Issue
- 2
- Pages
- 190-208
- ISSN
- 0047-2778 (ISSN-L)
- 0447-2778
- 1540-627X
- OpenAlex
- W2009593706
- Cited by
- 488
- References
- 0
- Citations by year
- 2026: 9 · 2025: 25 · 2024: 54 · 2023: 39 · 2022: 39 · 2021: 44 · 2020: 50 · 2019: 42 · 2018: 41 · 2017: 37 · 2016: 17 · 2015: 10 · 2014: 12 · 2013: 11 · 2012: 10
- FWCI
- 16.97
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Small Business Management (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Entrepreneurship Studies and Influences
- Social Sciences › Business, Management and Accounting › Accounting › Private Equity and Venture Capital
- Social Sciences › Sociology and Political Science › Migration, Ethnicity, and Economy
- Keywords
- startups, entrepreneurial systems, high-tech entrepreneurship, business incubators, spin-offs, founder interview, entrepreneurial networks, physical infrastructure, Boulder County, Colorado
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