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作者

来源

ECONOMIC DEVELOPMENT QUARTERLY,Vol.32,Issue2,P.99-118

语言

英文

关键字

venture capital; start-ups; neighborhoods; microclusters; FINANCED INNOVATION; AGGLOMERATION; BIOTECHNOLOGY; COMPETITION; NETWORKS; CITIES

作者单位

[Florida, Richard; King, Karen M.] Univ Toronto, Rotman Sch Management, Martin Prosper Inst, Cities, Toronto, ON, Canada. King, KM (reprint author), Univ Toronto, Martin Prosper Inst, Rotman Sch Management, 105 St George St,Suite 9000, Toronto, ON M5S 3E6, Canada. E-Mail: karen.king@rotman.utoronto.ca

摘要

Previous research has identified the clustering of high-tech industries, entrepreneurial start-ups, and venture capital across metropolitan areas. Using detailed ZIP code data on start-up activity and venture capital investment, this research tests three hypotheses informed by urban theory on the clustering of innovation, entrepreneurship, and high-technology industry: (1) that start-up activity and venture capital investment will concentrate in distinct microclusters within metro areas, (2) that a substantial level of start-up activity and venture capital investment will cluster in dense urban neighborhoods or ZIP codes, and (3) that the clustering of start-ups and venture capital investment will vary by industry or type of technology. The authors find evidence to support all three. Start-up activity and venture capital investment are concentrated in a relatively small number of ZIP codes in the United States, the majority of which are in dense urban neighborhoods, and this clustering varies by industry and type of technology.