This study focuses on the non-financial value-added of venture capital investors (VCs) as perceived by the CEOs of Finnish biotechnology companies. It pays attention to differences in the value-added between informal venture capitalists, private sector venture capitalists and public sector...

Production and employment have grown faster in the Helsinki Region and in the Province of Uusimaa compared to growth rates for Finland as a whole. At the same time, the extent of specialisation has diminished. The production structure of this region is now much more similar to that of the...

Patents form a central pathway for capturing the value of intangible assets in a knowledge-intensive business. Patents can potentially generate and support earnings in two ways : they can be traded or licensed out, and they can provide critical protection for core production technologies or...

The paper reports an empirical study on the overall importance and non-financial value-added provided by Venture Capital (VC) investors to their investee firms in biotechnology. The study compares the characteristics of firms that have obtained VC funding with those of firms that have not....

General purpose technologies (GPT) have a significant impact on economic activity through radical technological change and wide technological diffusion. This paper aims to address the generality of technologies associated with the GPT concept. Information and communications technologies (ICT),...

Global health care issues are driving the public sector into a balancing act between conflicting and complementary forces of inevitable change: an ageing population, the explosion of new therapeutic technologies, a critical shortage of clinical professionals, the desire to improve clinical...

Even with globalization, industrial clusters are maintaining their importance in todays economy. With the decomposition of production we find that clusters are becoming focused on specific industries and stages of production. This paper analyzes two peripheral western countries, Finland and...

Positioned in the context of the technology-based industrial emergence literature, this dissertation identifies and examines organizational, managerial, and institutional challenges that small and medium sized Finnish biotechnology companies have encountered during the emergence of the field as...

Technological change is one of the key driving forces behind economic growth. In this process, the diffusion of new technologies plays a vital role. In particular, the early stages of diffusion, in which knowledge is created and transferred for wider industrial use, are seen as crucial to the...

The turnover of the companies in North Savo in 2011 was nearly 10 billion euros, of which industry accounted for just under a third. The industrial structure of the region is not strong, but on the other hand it is not alarmingly thin either, because it does have certain successful niches. North...