Building innovative capacity in regional entrepreneurship and innovation (eco)systems: Startups versus incumbent firms

Wenying Fu; Haifeng Qian

doi:10.1111/grow.12673

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Building innovative capacity in regional entrepreneurship and innovation (eco)systems: Startups versus incumbent firms

Journal article

Open access

Peer reviewed

Building innovative capacity in regional entrepreneurship and innovation (eco)systems: Startups versus incumbent firms

Wenying Fu and Haifeng Qian

Growth and change, Vol.54(3), pp.771-793

09/2023

DOI: 10.1111/grow.12673

Appears in UI Libraries Support Open Access

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Abstract

This article studies how three sets of regional factors-knowledge, agglomeration, and openness-impact and interact differently with startups and incumbent firms in their innovative capacity building. Based on a large dataset of Chinese high-tech firms, regression analysis shows that the speed of growing startup innovative capacity relies positively on regional knowledge stock and localization economies. In addition to regional knowledge stock, incumbent innovative capacity building benefits from urbanization economies and regional openness. Favorable regional factors, including the presence of universities and the clustering of knowledge-intensive peers, also enable startups (but not incumbents) to leverage internal knowledge assets into their innovative capacity. The results suggest that it is not only the access to the external knowledge environment but also proactive endeavors to cross-fertilize between internal and external knowledge that underlie the eco-systemic nature of startup innovative capacity building.

Public Administration

Social Sciences

Development Studies

Regional & Urban Planning

UIOWA OA Agreement

Details

Title: Subtitle: Building innovative capacity in regional entrepreneurship and innovation (eco)systems: Startups versus incumbent firms
Creators: Wenying Fu - Northumbria University
Haifeng Qian - University of Iowa
Resource Type: Journal article
Publication Details: Growth and change, Vol.54(3), pp.771-793
DOI: 10.1111/grow.12673
ISSN: 0017-4815
eISSN: 1468-2257
Publisher: Wiley
Number of pages: 23
Grant note: NSFC41871107 / National Natural Science Foundation of China; National Natural Science Foundation of China (NSFC)
Language: English
Electronic publication date: 03/23/2023
Date published: 09/2023
Academic Unit: Public Policy Center (Archive); School of Planning and Public Affairs
Record Identifier: 9984385050102771

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