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Fields of knowledge in higher education institutions, and innovative start‐ups: An empirical investigation
Author(s) -
Fritsch Michael,
Aamoucke Ronney
Publication year - 2017
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/pirs.12175
Subject(s) - higher education , empirical research , knowledge creation , start up , business , political science , economic growth , marketing , economics , business administration , philosophy , epistemology , downstream (manufacturing)
We investigate the role played by different fields of academic knowledge and various types of higher education institutions in the emergence of innovative start‐ups in a region. We show that education and research in the applied and natural sciences have the strongest effect on the emergence of new businesses in innovative industries. Distinguishing between different indicators for these types of knowledge, the strongest effects are found for the number of professors, the number of students and the amount of external funds attracted.