Technology cluster evaluation and growth factors: literature review

The pace of evolution of a technology cluster is determined by a variety of endogenous and exogenous factors related to its local and global environment. Extensively studied over the years, the factors that influence the growth of technology-based clusters can provide valuable indications about the capacity of clusters to achieve their objectives, attract new firms and become internationally competitive. Following an extensive literature review, the most prevalent factors that influence technology-based cluster growth were identified. These factors are those that must normally be present in order for a cluster to exist and to progress over time. This article outlines the method used to identify 12 recurring growth factors and discusses the use of these in the evaluation of technology-based clusters. Copyright , Beech Tree Publishing.