New Technology-Based Firms at the Turn of the Century

Alasdair Maclean The first High Technology Small Firms conference was held in 1993, and the papers presented there were assembled as the first publication in this series. The conferences have continued to be held annually, and this publication is the seventh volume in the series. As the editors point out, this is akin to a good refereed journal with its own prestigious status. ... a challenging piece by Stan Metcalfe titled 'Restless capitalism, experimental economics'. This is the best single item in the book; a wide ranging view of questions of economic growth and structural change, examining the role of small firm creation and development in general...and new-technology based firms in particular. ...The first of the contributions relating to finance was a review of the UK tax system by Michaleas, Chittenden and Poutziouris. This was a gem - an excellent insight into the impact of taxation on technology-based small firms. R&D Management

• Part I. Introduction. Into the new millennium (W. During et al.). Part II. Conceptual Overview. Restless capitalism, experimental economies (S. Metcalfe). Part III. Innovation Management. The role and impact of external (non-executive) directors and advisers in high technology small companies (D. Deakins, M. Boussoura). University spin-out companies: academic and surrogate entrepreneurs (S. Franklin, M. Wright). New product development in small electronics firms (A. Ledwith). Economic co-evolution via cellular high technology small firms (R. Sones). The role of medium-sized innovative manufacturing firms in regional economic performance: some evidence from the Northeast region of England (P. Wynarczyk). The impact of the operating environment on organisational culture in high technology SMEs - an empirical analysis (N. O'Regan et al.). Part IV. Finance. The UK tax system: promoting or hindering the development of high technology small firms? (N. Michaelas et al.). Financing technology-based new ventures: credibility and value creation (M. Klofsten, A. D. Lindholm). Policy support for R&D in SMEs: the UK government's Smart award scheme (D. Smallbone et al.). Part V. Clustering and Location. Location and the new technology-based firm: implications for economic development (S. Cooper). Convergence and path dependence in high tech Cambridge and Grenoble (C. Druilhe, E. Garnsey). Strategic networking in science parks: the bazaar-principle for organising high technology (M. Monsted).