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An Entrepreneurial System View of New Venture Creation

Author

Listed:
  • Heidi M. Neck
  • G. Dale Meyer
  • Boyd Cohen
  • Andrew C. Corbett

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.

Suggested Citation

  • Heidi M. Neck & G. Dale Meyer & Boyd Cohen & Andrew C. Corbett, 2004. "An Entrepreneurial System View of New Venture Creation," Journal of Small Business Management, Taylor & Francis Journals, vol. 42(2), pages 190-208, April.
    • Handle: RePEc:taf:ujbmxx:v:42:y:2004:i:2:p:190-208
    DOI: 10.1111/j.1540-627X.2004.00105.x
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    Citations

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    Cited by:

    1. Rocha, Augusto & Brown, Ross & Mawson, Suzanne, 2022. "Reprint of: Capturing conversations in entrepreneurial ecosystems," Research Policy, Elsevier, vol. 51(9).
    2. Quoc Hoang Thai & Khuong Ngoc Mai & Tung Thanh Do, 2023. "An Evolution of Entrepreneurial Ecosystem Studies: A Systematic Literature Review and Future Research Agenda," SAGE Open, , vol. 13(1), pages 21582440231, March.
    3. Irery L. Melchor-Duran & Allan Villegas-Mateos, 2024. "Comparative Analysis of the Determinants of Entrepreneurial Activities in the Middle East and Latin America," World, MDPI, vol. 5(2), pages 1-19, March.
    4. Hojjat Shakiba & Ayoub Pazhouhan & Saba Amiri & Kamal Sakhdari, 2024. "Inclusive urban entrepreneurial ecosystem: An exploration of factors affecting organizational ambidexterity," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 95(1), pages 275-300, March.
    5. Stephen Mago & Stephan van der Merwe, 2023. "Exploring Entrepreneurial Ecosystems in Developed Countries: A Systematic Review," SAGE Open, , vol. 13(4), pages 21582440231, December.
    6. Cristian Rincón-Guio & Jennifer Tovar Quintero & Juan Carlos Salazar Losada & Zaida Yonerica Cacua Rincón & David Felipe Escobar-Molina & Juan Diego Ce deño-Ramírez & Jose Eduardo Corredor Torres, 2022. "Articulation Strategy for the Strengthening of the Management of Social Entrepreneurship Projects, South Region of Colombia Experience," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 11, November.
    7. Reis, Germano Glufke & Villar, Eduardo Guedes & Prado Gimenez, Fernando Antonio & Maiolino Molento, Carla Forte & Ferri, Priscila, 2022. "The interplay of entrepreneurial ecosystems and global value chains: Insights from the cultivated meat entrepreneurial ecosystem of Singapore," Technology in Society, Elsevier, vol. 71(C).
    8. Stephen Muathe & Paul Sang & Lucy Kavinda & Sammy Letema & Samuel Maina & Kenneth Chelule, 2022. "Walking the startups journey in Kenya: Documentation of successes and pitfalls between 2010-2020," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(8), pages 387-400, November.
    9. Vikas Menghwani & Rory Wheat & Bobbie Balicki & Greg Poelzer & Bram Noble & Nicolas Mansuy, 2023. "Bioenergy for Community Energy Security in Canada: Challenges in the Business Ecosystem," Energies, MDPI, vol. 16(4), pages 1-15, February.
    10. Michael Neema, 2024. "Designing a Framework for Assessing Agripreneurship Action for the Green Scheme Irrigation Projects, Namibia," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 9(6), pages 42-62, February.
    11. Elizabeth Hoffecker & Francisco Ramos & Gordon Adomdza & Dan Frey, 2023. "Strengthening Local Innovation and Entrepreneurial Ecosystems," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 32(2_suppl), pages 89-116, November.
    12. Alessandra Colombelli & Emilio Paolucci & Elisabetta Raguseo & Gianluca Elia, 2024. "The creation of digital innovative start-ups: the role of digital knowledge spillovers and digital skill endowment," Small Business Economics, Springer, vol. 62(3), pages 917-937, March.
    13. Domicián Máté & Ni Made Estiyanti & Adam Novotny, 2024. "How to support innovative small firms? Bibliometric analysis and visualization of start-up incubation," Journal of Innovation and Entrepreneurship, Springer, vol. 13(1), pages 1-26, December.
    14. Fahimeh Khatami & Veronica Scuotto & Norris Krueger & Valter Cantino, 2022. "The influence of the entrepreneurial ecosystem model on sustainable innovation from a macro-level lens," International Entrepreneurship and Management Journal, Springer, vol. 18(4), pages 1419-1451, December.

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