A decade ago Knowledge Valley Theory explained the development of SMEs in terms of provoking innovation by knowledge sharing. In this paper the KVT model will be applied to the wider tech entrepreneurship ecosystem, in particular Science and Technology Parks (STPs). In developing KVT theory...

Science and Technology Parks (STPs) are often used as tools to foster regional development. They seek innovations, innovators and encourage innovation amongst the constituent firms, including by networking and knowledge spill over between the inhabitants, Universities and sources of capital. The...

Science and Technology Parks (STPs) foster innovation between firms inhabiting the cluster. Networking channels are considered as integral parts of the knowledge exchange process, and therefore the innovation process. We simulated three organizational topologies for STPs; firstly, in the star...

This chapter introduces some of the concepts surrounding technical entrepreneurship and is suitable for students of the computer/IT-related disciplines and engineering, especially electrical engineering

A century ago, Britain produced 50% of the world demand for cloth and iron, and 70% of the world demand for pottery and coal. Today Britain's exports have grown by 300%, but manufacturing – in total – accounts for only 13% of that. The huge increase has been in areas associated with...

In this chapter entrepreneurship is introduced in its economic and academic setting; an economic theory and practice outside the perimeter of classical input-output economics. By the beginning of the 20th century, neo-classical economics had refined the theory of the capitalist economy to one...

The distribution of off-cluster firms around Science and Technology Parks (STPs) was determined in 4 cases in the UK. Off-cluster firms sharing the same Standard Industry Classification (SIC) codes as on-cluster firms were mashed onto a map of the UK and ArcGIS was used to establish zones around...

A computer-generated 3D quantitative fold is presented called Knowledge Valley and this virtual fold is used to model an Innovation-Based View of the evolution and development of SMEs by means of the growth of their knowledge assets. By using concrete values of employee number and annual...

Firms with more levels of decision-making hierarchies achieve in average poorer results but have lower overall risks. This is the consequence of poor managerial assessments, where errors of the first and second order reduce the firm’s performance. Despite the negative effect of hierarchies,...