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Construction of Eco-system for NTBFs to Thrive, Grow and Agglomerate

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Author NameNISHIZAWA Akio  (Faculty Fellow, RIETI)
WAKABAYASHI Naoki  (Kyoto University)
SABURI Masataka  (Tohoku University / METI)
KUTSUNA Kenji  (Kobe University)
HIBARA Nobuhiko (Ritsumeikan University)
KANAI Kazuyori (Osaka University)
Creation Date/
March 2010  10-J-024
Research Project
Download / Links Download paper [PDF:6.38MB] (Japanese)


Boston, Massachusetts in the U.S. was able to rejuvenate its economy after WWП through the thrift, growth and agglomeration of MIT-born New Technology-based Firms (NTBFs), which have been categorized as the origin of new venture firms. This paper will explain why some areas like Boston, Silicon Valley, and Austin TX in the U.S. and Cambridge in the UK, were able to construct successful Eco-systems for NTBFs to thrive, grow and agglomerate, while others were unsuccessful, by applying the Eco-system Construction Model deducted from previous studies. Based on the research findings of this paper, we also outline our recommendations for a revision of the U.S. innovation model by clarifying its advantages and disadvantages. The U.S. model was introduced in Japan at the end of the 1990s and prompted a number of new innovation policy projects including the '1000 University Start-up Venture Scheme', the 'Industrial Cluster Project' and the 'Knowledge Cluster Initiative.'

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