Introduction -- Varieties of capitalism and innovation : the Silicon Valley model -- How an American technology cluster emerged and became sustainable : San Diego biotechnology -- The German biotechnology industry : the limits of orchestrated innovation -- Biotechnology in the UK : good but not...

An important element of an entrepreneurial firm's ability to create innovative capabilities is having access to a pool of talented employees. This article examines biotechnology clusters in Cambridge (UK) and Munich (Germany) to investigate to what degree macro-labor market institutions affect...