To read this content please select one of the options below:

New technology‐based firm formation in a less advanced country: a learning process

Margarida Fontes (Instituto Nacional de Engenharia e Tecnologia Industrial, Lisbon, Portugal, and)
Rod Coombs (Manchester School of Management, Manchester, UK)

International Journal of Entrepreneurial Behavior & Research

ISSN: 1355-2554

Article publication date: 1 August 1996

649

Abstract

Based on an empirical study of Portuguese firms, addresses the creation of new technology‐based firms (NBTFs) in small, less developed countries. Assuming that technology‐related inputs ‐ at the level of supply and demand ‐ are predominant in NTBF creation, analyses the process through which the founders and other actors identify a technological opportunity and obtain the inputs ‐ technology, funds and market demand ‐ necessary to exploit it. Emphasizes the conditions surrounding the start‐up and early survival of these firms that differ significantly from those found in more advanced countries, uncovering the difficulties confronted by NBTF founders in a relatively unfavourable environment and describing their proactive responses. Concludes that NTBF formation in Portugal has been a learning process, through which the organizational innovation introduced by early pioneer founders, based on foreign role models, become better adjusted to Portuguese conditions.

Keywords

Citation

Fontes, M. and Coombs, R. (1996), "New technology‐based firm formation in a less advanced country: a learning process", International Journal of Entrepreneurial Behavior & Research, Vol. 2 No. 2, pp. 82-101. https://doi.org/10.1108/13552559610119359

Publisher

:

MCB UP Ltd

Copyright © 1996, MCB UP Limited

Related articles