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The role of formal industry clusters in the internationalization of new ventures

Author

Listed:
  • Ana Colovic

    (NEOMA - Neoma Business School)

  • Olivier Lamotte

Abstract

Purpose – The purpose of this study is to investigate the internationalization of international new ventures (INVs). Specifically, this research explores the ways in which a formal cluster can facilitate the internationalization process of these firms. Design/methodology/approach – The authors studied how four INVs benefitted from the actions of two clusters in France – Systematic and Mov'eo – as they internationalized. They conducted semi-structured interviews with the CEOs and other representatives of the INVs and with the members of the cluster management teams. Findings – The findings indicate that clusters can facilitate the internationalization of INVs by providing resources, networking opportunities and legitimacy to help them reach global markets and by increasing the speed of internationalization. Originality/value – By analyzing the specific role that a formal cluster plays in the internationalization of INVs, this research contributes to the literature examining the link between location and INV internationalization. The authors argue that the cluster's role can be considered as that of an intermediary organization helping INVs to expand globally.

Suggested Citation

  • Ana Colovic & Olivier Lamotte, 2014. "The role of formal industry clusters in the internationalization of new ventures," Post-Print hal-01154317, HAL.
    • Handle: RePEc:hal:journl:hal-01154317
    DOI: 10.1108/EBR-02-2013-0027
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    Citations

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    Cited by:

    1. Caloffi, Annalisa & Colovic, Ana & Rizzoli, Valentina & Rossi, Federica, 2023. "Innovation intermediaries' types and functions: A computational analysis of the literature," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    2. Marina Van Geenhuizen, 2016. "Capability factors in changing patterns of international knowledge relationships among university spin-off firms in Northwest Europe," ERSA conference papers ersa16p405, European Regional Science Association.
    3. Angélique Breuillot & Rachel Bocquet & Véronique Favre-Bonté, 2022. "Navigating the internationalization process: Strategic resources for early internationalizing firms," Journal of International Entrepreneurship, Springer, vol. 20(2), pages 282-315, June.
    4. Leonidou, Erasmia & Christofi, Michael & Vrontis, Demetris & Thrassou, Alkis, 2020. "An integrative framework of stakeholder engagement for innovation management and entrepreneurship development," Journal of Business Research, Elsevier, vol. 119(C), pages 245-258.
    5. Telma Mendes & Vítor Braga & Carina Silva & Vanessa Ratten, 2023. "Taking a closer look at the regionally clustered firms: How can ambidexterity explain the link between management, entrepreneurship, and innovation in a post-industrialized world?," The Journal of Technology Transfer, Springer, vol. 48(6), pages 2007-2053, December.
    6. Darshana Mudalige & Noor Azizi Ismail & Marlin Abdul Malek, 2019. "Exploring the Role of Individual Level and Firm Level Dynamic Capabilities in SMEs’ Internationalization," Journal of International Entrepreneurship, Springer, vol. 17(1), pages 41-74, March.
    7. Goerzen, Anthony, 2018. "Small Firm Boundary-spanning via Bridging Ties: Achieving International Connectivity via Cross-border Inter-cluster Alliances," Journal of International Management, Elsevier, vol. 24(2), pages 153-164.
    8. Rossi, Federica & Caloffi, Annalisa & Colovic, Ana & Russo, Margherita, 2022. "New business models for public innovation intermediaries supporting emerging innovation systems: The case of the Internet of Things," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    9. Federica Rossi & Ana Colovic & Annalisa Caloffi & Margherita Russo, 2021. "Public innovation intermediaries and digital co-creation," Working Papers 49, Birkbeck Centre for Innovation Management Research, revised Feb 2021.

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