New Technology-Based Firms In Sweden - A Study Of Their Direct Impact On Industrial Renewal

The purpose of this paper is to analyse some of the ways in which new tcchnology-bascd firms (NTBFs), started after 1975, have contributed to the process of industrial renewal in Sweden. For this purpose, we have developed a novel way of operationalizing the concept of NTBFs and of identifying the population of such companies in Sweden. The method relies heavily on unique data on the educational background of the firm's staff. We found that NTBFs constitute a relatively small but growing phenomenon in Sweden. Although small in magnitude, the firms have contributed to industrial renewal by increasing the knowledge-intensity and science base of Swedish industry and industry-related services. They have also contributed somewhat to the redirection of the knowledge base in Sweden in favour of skills which are central to the innovation process in growth sectors, primarily computer science skills.