Introduction: Technology-Based Economic Development and the Initiatives that Advance it

Fred Phillips ()
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Fred Phillips: IC2 Institute, University of Texas

A chapter in Social Culture and High-Tech Economic Development, 2006, pp 1-12 from Palgrave Macmillan

Abstract: Abstract In today’s usage, a technopolis is a region trying to build and maintain a healthy, technology-driven economy. Regions that succeed are likely to have: A robust local value chain including strong R&D, manufacturing, marketing and distribution, and intensive international connections. A critical mass of companies in one or more well-defined “clusters.” A relatively compact geography. This allows a successful specialized economy, impossible in more sprawling, diverse places (which may well have a greater total high-technology employment – see Markusen et al. 2001). Technopolis regions grow by: Attracting new companies Nurturing existing indigenous firms Encouraging entrepreneurial start-ups Providing a supportive and innovative educational, social, tax, qualityof- life, cultural, institutional and hard-infrastructural context for research, technology entrepreneurship, and business, and Reaching out to other technopoleis for networking purposes.

Keywords: Social Capital; Venture Capital; Social Culture; International View; Indigenous Firm (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59724-2_1

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DOI: 10.1057/9780230597242_1

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