Entrepreneurial culture in innovative biotech clusters in Europe. (1st January 2012)

• Record Type: Journal Article
• Authors: Ruël, Huub J.M.; Frolova, Polina; Groen, Aard
• Is Part Of: International journal of entrepreneurship and small business. Volume 17:Number 2(2012)
• Page Start: 249
• Page End: 263
• Publication Date: 2012-01-01
• Subjects: entrepreneurial culture -- biotech clusters -- innovation -- Europe; Entrepreneurship -- Periodicals; Small business -- Management -- Periodicals; 658.42105
• Languages: English
• ISSNs: 1476-1297

Abstract

This paper presents a study on the determinants of entrepreneurial culture in innovative biotech clusters. A literature review led to the identification of nine determinants. For the empirical study four clusters in Western Europe with a high entrepreneurial culture were selected. Cluster participants were invited to fill out a questionnaire. In addition semi-structured interviews were held with selected participants in order to get in-depth information from cluster participants. Social networks, company role models, and funding seemed to be the most important determinants of an entrepreneurial culture in biotech clusters. Moreover, the findings suggest that determinants are interrelated, and that some are indirectly influencing entrepreneurial culture while others are directly determining entrepreneurial culture.