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The Boston Route 128 Model Of High-Tech Industry Development

Author

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  • JARUNEE WONGLIMPIYARAT

    (Boston University, 704 Commonwealth Avenue, Boston, MA 02215, USA;
    The National Science and Technology Development Agency, Ministry of Science and Technology, Thailand)

Abstract

This study applies the concept of industrial clusters to explain the development of technologically sophisticated region of Boston Route 128. It is argued that the success of Boston, Massachusetts, is rooted in innovation, entrepreneurial management and the policy towards technology commercialisation. To consider the argument, the paper proposes the cluster model to capture the specific features of Boston Route 128. It represents a model of the universities working with industries to form a cluster of high-technology-based firms. The venture capital accelerates the process of technology commercialisation, giving rise to a new Boston model of innovation management. Policy makers may use the Boston model as a benchmark to evaluate their performance in supporting high-tech industries.

Suggested Citation

  • Jarunee Wonglimpiyarat, 2006. "The Boston Route 128 Model Of High-Tech Industry Development," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 10(01), pages 47-63.
    • Handle: RePEc:wsi:ijimxx:v:10:y:2006:i:01:n:s1363919606001399
    DOI: 10.1142/S1363919606001399
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    Cited by:

    1. Thais Dalcin & Alsones Balestrin & Eduardo Künzel Teixeira, 2017. "Start-Up Cluster Development: A Multi-Case Analysis in the Brazilian Context," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 14(06), pages 1-25, December.
    2. Kolympiris, Christos & Kalaitzandonakes, Nicholas & Miller, Douglas, 2011. "Spatial collocation and venture capital in the US biotechnology industry," Research Policy, Elsevier, vol. 40(9), pages 1188-1199.

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