How clusters can encourage entrepreneurship and venture creation. Reasons and advantages |
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Authors: | Ana María Romero-Martínez Ángeles Montoro-Sánchez |
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Institution: | (1) Facultad de Ciencias Económicas y Empresariales, Departamento de Organización de Empresas, Universidad Complutense de Madrid, 28223 Pozuelo de Alarcón, Madrid, Spain |
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Abstract: | The aim of this article is to define what is meant by clusters, their characteristics or determinants and the advantages they
generate, focusing on the role they play in boosting entrepreneurship and new venture creation. In clusters, a balance is
reached between cooperation and competition which becomes evident in the higher productivity of the companies because of their
increased access to inputs, information, technology and institutions; or in greater innovation and venture creation. The cluster
incentivizes the entry of new companies or start-ups. The hope is, then, that the new companies will revitalize specific regions
where competitiveness has fallen and that entrepreneurship will contribute to economic development and improved country-wide
competitiveness.
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Keywords: | Clusters Entrepreneurship Venture creation Industrial districts |
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