The conventional view of science-based businesses focuses on the inseparability of the roles of the inventor generating the underlying idea and the Schumpeterian entrepreneur who implements it in practice. We present an equilibrium model of science-based entrepreneurship where scientific ideas...

The concept of entrepreneurship includes the establishment of a goal oriented organization with specific resource needs. Start-ups are innovative companies that are characterized by significant growth potential. New innovative start-ups overthrow the traditional ways of operation of long time...

The paper tests empirically the role of knowledge stocks to explain the regional distribution of Germany's biotechnology founders. We present an unique approach to highlight the role of knowledge spillovers as we differentiate according the local embeddedness and research affinity of founders....