The fountain of knowledge: an epistemological perspective on the growth of U.S. SBIR-funded firms
- 82 Downloads
The premise of this paper is that a basis for firms receiving Small Business Innovation Research (SBIR) research awards to develop commercializable technologies is not only their proposed creative ideas but also their endowment of attendant knowledge necessary to develop the technology being proposed. Based on this premise, we propose that those firms that have higher growth rates attributable to their SBIR awards are also those firms that are more creative and have more knowledge endowments. Empirically, we quantify a firms creativity and its sources of research knowledge in terms of its past experiences, and we find that firms with more technical experience and sector experience are those that have realized higher growth rates from their SBIR-funded research.
KeywordsKnowledge Creativity Entrepreneurship SBIR program Technology
JEL ClassificationD83 H43 L26 O33 O38
- Audretsch, D. B., & Link, A. N. (2019). Sources of Knowledge and Entrepreneurial Behavior. Toronto: University of Toronto Press.Google Scholar
- Hume, D. (2007). An Enquiry Concerning Human Understanding (edited by P. F. Millican). New York: Oxford University Press.Google Scholar
- Link, A. N. (2014). Public support of innovation in entrepreneurial firms. Northampton MA: Edward Elgar.Google Scholar
- Link, A. N., & van Hasselt, M. (2019). Exploring the impact of R&D on patenting activity in small women-owned and minority-owned entrepreneurial firms. Small Business Economics. https://doi.org/10.1007/s11187-018-00130-9.
- Locke, J. (1996). In K. P. Winkler (Ed.), An Essay Concerning Human Understanding. Cambridge: Hackett Publishing Company.Google Scholar
- Schultz, T. W. (1975). The value of the ability to Deal with disequilibria. Journal of Economic Literature, 13, 827–846.Google Scholar
- Stinchcombe, A. L. (1965). Social structure and organizations. In J. G. March (Ed.), Handbook of organizations (pp. 142–193). Chicago: Rand McNally and Company.Google Scholar
- Storey, D. J. (1994). Understanding the small business sector. London: Routledge.Google Scholar
- Tibbetts, R. (1999). The Small Business Innovation Research program and NSF SBIR commercialization results. In C. W. Wessner (Ed.), SBIR—The Small Business Innovation Research program challenges and opportunities (pp. 129–167). Washington, DC: National Academy Press.Google Scholar