This paper analyses the determinants of technological diversification for small innovative companies. Using patent data from the PATSTAT database for the period between 1990 and 2006, we explore technological diversification through a panel data set comprising 811 UK based serial innovators...

In the last decades, innovation activity has been defined by an increasing complexity and a faster pace of the underlying technological change. Accordingly, several studies have shown that competitive systems of innovation benefit from being able to build upon a wide but integrated spectrum of...