Abstract
This chapter develops and applies a systemic approach to research on NTBFs. It will be contended that the traditional body of research on NTBFs essentially reflects a linear model of the spin-off process of these firms (e.g., Roberts, 1991b). This linear model, for its part, is largely based on the obsolete linear sequential model of technological innovation. The linear model of the spin-off process of NTBFs can be summarised as follows:
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(a)
a technology-based idea is generated;
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(b)
a new firm is established to exploit the new idea;
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(c)
the new firm starts to amass resources, both human and financial, and starts developing a prototype based on the new idea;
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(d)
if the business idea turns out to be viable, the new firm embarks on a rapid growth path.
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© 1997 Erkko Autio
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Autio, E. (1997). New Technology-Based Firms in Innovation Networks. In: Jones-Evans, D., Klofsten, M. (eds) Technology, Innovation and Enterprise. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25770-6_7
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DOI: https://doi.org/10.1007/978-1-349-25770-6_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-25772-0
Online ISBN: 978-1-349-25770-6
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