Tech clusters like Silicon Valley play a central role for modern innovation, business competitiveness, and economic …

opportunity and in encouraging trade in new technological knowledge. Through setting low fees and establishing administrative … cost of transacting in them. Creating secure assets in new technological knowledge and facilitating access to markets in …

Debates have long centered around the relative merits of prizes and other incentives for technological innovation. Some … proof of the efficacy of innovation prizes. The Society initially was averse to patents and prohibited the award of prizes … technological innovation and long-term economic development …

findings in part explain why innovation prizes lost favour as a technology policy instrument in both the United States and …

Family firms are typically associated with negative characteristics, including lower tendencies towards innovation, a … innovation, and that their commercial efforts were enhanced by association with family firms. Their formerly invisible …

The paper explores the role of institutional mechanisms in generating technological knowledge spillovers. The … and unpatented innovations, whereas prizes are less effective in generating external benefits from knowledge spillovers. I …

. Accordingly, this paper offers an empirical comparison of patents in relation to the award of prizes for technological innovation … unpredictable, and was unrelated to such proxies for the productivity of the innovation as inventive capital or the commercial …

We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This … related to innovation. We highlight the new literature on learning and experimentation across multi-stage innovation projects … innovation and changing external conditions, especially reduced experimentation costs …

This chapter reviews academic research on the connections between agglomeration and innovation. We first describe the … conceptual distinctions between invention and innovation. We then describe how these factors are frequently measured in the data …, industrial diversity) that theoretical and empirical work link to innovation, and we discuss factors that help sustain these …