-
Building intellectual capital in incubated technology firms
November 5, 2014 Editor 0
Journal of Intellectual Capital, Volume 15, Issue 4, Page 516-536, October 2014.
Purpose – The value of relational capital generated by entrepreneurs with their internal and external environment (Hormiga et al., 2011a, b), provides considerable resources when properly leveraged. It is particularly important in environments such as the high tech sector of incomplete information and weak economic markets such as new products, markets or technologies (Davidsson and Honig, 2003). The purpose of this paper is to examine how incubated technology entrepreneurs build relational capital for a new venture formation in the social context of a Higher Education Institution. Design/methodology/approach – The study took a qualitative approach based on content analysis of business plans and in-depth interviews with 25 technology entrepreneurs on an incubation programme – South East Enterprise Platform Programme – for technology graduates in the South East of Ireland. Findings – The study found that technology entrepreneurs during new venture formation engaged in four types of relational capital activities, namely, development of networks and contacts, relationship building, accessing and leveraging knowledge experts and members of associations. Practical implications – Incubator programmes need to actively support social building activities of technology entrepreneurs. Higher Education Institutes knowledge assets and networks are critical elements in supporting incubator technology entrepreneurs. Originality value – The study identified four types of relational capital building. The authors also found using Jones-Evans (1995) categorisation of technology entrepreneurs that users, producers, opportunists and non-technical entrepreneurs engaged in client focused relational capital building, whereas researcher types networked with service providers and displayed arms length relational capital building styles.
Go to SourceRelated Posts
A quest for global entrepreneurs: the importance of cultural intelligence on commitment to entrepreneurial education
The invisible hand in entrepreneurial process: bricolage in emerging economies
Who Advises the Entrepreneur?
Growing economies by planting startup culture seeds
Entrepreneur, Fire Thyself
Decoupling market incumbency from organizational prehistory: locating the real sources of competitive advantage in r&d for radical innovation
Categories: Interlectual Capital
Tags: Business, Entrepreneurship
Only Engaged Innovation Teams Succeed The intellectual capital of business incubators
Subscribe to our stories
Recent Posts
- SL Crowd Green Solutions September 21, 2020
- Digital transformation in the banking sector: surveys exploration and analytics August 3, 2020
- Why Let Others Disrupt You? Take the Smart Self-Disruption Journey! August 3, 2020
- 5 Tips for Crowdfunding During the Pandemic August 3, 2020
- innovation + africa; +639 new citations August 3, 2020
Categories
Archives
Popular Post-All time
- A review on biomass-based... 0.9k views
- Can blockchain disrupt ge... 672 views
- Prize-winning projects pr... 646 views
- Apply Now: $500,000 for Y... 602 views
- Test Your Value Propositi... 524 views