Innovation Barriers for Small Biotech, ICT and Clean Tech Firms: Coping with Knowledge Leakage and Legitimacy Deficits

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Provided by: EIM Business & Policy Research
Topic: SMBs
Format: PDF
Innovative high-tech Small and Medium sized Enterprises (SMEs) are thought to be drivers of economic renewal and growth. However, due to their limited size, SMEs face two fundamental innovation barriers: the risk that other organizations appropriate the returns to the newly created knowledge by SMEs (knowledge leakage), and a lack of understanding and recognition of their business on the part of potential stakeholders (legitimacy deficits). Based on a panel study of 196 SMEs this paper shows that biotech, ICT and clean tech firms choose different strategies to deal with knowledge leakage and legitimacy deficits.
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