New dedicated capital markets specialized in the public transactions of the stocks of 'science-
based companies' emerged in the USA during the 1970s. These new financial markets …

Venture capitalism is a major institutional innovation based on identifying economies of
scope in transactions of technological knowledge, bundled with managerial competence …

The corporation has been able for a large part of the twentieth century to fulfil the pivotal role
of intermediary between finance and innovation. Yet the discontinuities brought about by the …

Industrial culture focuses mainly on the production of 'things'–of static objects. Knowledge,
on the other hand, is constantly in flux, like a flowing stream. Conventional industrial notions …

In this article I analyse venture capital finance using the tools provided by the literature on
the economics of innovation, in particular the notion of localised technological knowledge …

New knowledge with commercial potential is continually created in academic institutions.
How is it turned into economically valuable businesses? This paper argues that the transfer …

This book is an authoritative confirmation of the critical role that knowledge plays in
economic transformation. It is an indispensable roadmap for new research programmes and …

Key policy documents relating to the'knowledge-driven economy'show that policy makers,
university heads and other interested academics have come to view the task of creating …

The capitalization of knowledge is an emerging mode of production (Etzkowitz, 1983). Until
the past few decades, a sceptical view of firm formation was the taken-for-granted …

If the industrial economy ran on coal and iron ore, the fuel of today's economy is knowledge.
1 Technologies have always been underpinned by knowledge, but an economy run on …