Interesting article concluding:
The key to promoting innovation (and productivity in general) lies in allowing vigorous new companies to grow big and inefficient old ones to die.
So support efficient start ups and efficient big companies.
Big companies do have three advantages over small companies:
- economic activity is driven by big ecosystems
- globalisation puts a premium on size
- challenges for innovation involve vast systems such as education and health care.
So start in the Cambridge Cluster and sell to a big company – what we have always done?
Hat tip: Schumpeter in The Economist 17 December 2011, page 122
11 Comments
at 10:48 am - 2nd June 2012 Permalink
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at 8:13 am - 7th June 2012 Permalink
Silicon Fen is the name given to the region around Cambridge, England, which is home to a large cluster of high-tech businesses focusing on software, electronics and biotechnology. Many of these businesses have connections with Cambridge University, and the area is now one of the most important technology centres in Europe. Thanks.
at 10:24 am - 9th June 2012 Permalink
Access to health care varies across countries, groups and individuals, largely influenced by social and economic conditions as well as the health policies in place. Countries and jurisdictions have different policies and plans in relation to the personal and population based health care goals within their societies. Thanks.
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at 7:43 am - 14th June 2012 Permalink
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at 10:45 am - 22nd June 2012 Permalink
The education systems have separate middle schools, with the transition to the final stage of secondary education taking place at around the age of fourteen. Schools that provide primary education, are mostly referred to as primary schools. Primary schools in these countries are often subdivided into infant schools and junior school. Thanks.
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at 11:10 am - 15th August 2012 Permalink
Health care extends beyond the delivery of services to patients, encompassing many related sectors, and set within a bigger picture of financing and governance structures. Thanks.
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