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How States Augment the Capabilities of Technology–Pioneering Firms
Author(s) -
Feldman Maryann P.,
Kelley Maryellen R.
Publication year - 2002
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/0017-4815.00186
Subject(s) - venture capital , incentive , variety (cybernetics) , augment , joint venture , state (computer science) , nature versus nurture , business , industrial organization , intellectual property , capital (architecture) , marketing , economics , finance , commerce , market economy , political science , history , linguistics , philosophy , archaeology , algorithm , artificial intelligence , biology , computer science , law , genetics
State governments offer a variety of programs to assist technology intensive entrepreneurial firms yet there is a limited understanding of how firms use these programs. This paper provides a framework for categorizing state technology programs and uses detailed case studies to examine how these programs augment firms’ capabilities. It is concluded that firms made extensive use of state programs that provide access to university intellectual property and research facilities. In addition, firms participated in programs that provided incentives for faculty to conduct joint research with industry. Finally, state venture capital programs, though small relative to federal R&D grants or venture capital, appear to nurture firms’ development.