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Cluster GenesisTechnology-Based Industrial Development$
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Pontus Braunerhjelm and Maryann P. Feldman

Print publication date: 2006

Print ISBN-13: 9780199207183

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199207183.001.0001

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The Genesis of Industrial Clusters

The Genesis of Industrial Clusters

Chapter:
(p.1) 1 The Genesis of Industrial Clusters
Source:
Cluster Genesis
Author(s):

Maryann Feldman

Pontus Braunerhjelm

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199207183.003.0001

In addition to giving a short overview of the content of the book, this chapter summarizes the main policy conclusions. Cluster formation is a process that relies on the co-evolution of technology, business models, and local supporting institutions. Serendipity in cluster emergence is a conspicuous feature in the cases presented here, and has also been confirmed in the previous literature. Three prominent features of cluster formation emerge. First, the emergence and sustainability of clusters seems to critically interact with entrepreneurial activities. Second, spin-offs from old firms, or individuals with previous entrepreneurial experience, become crucial assets in the development of clusters. Third, policies are by no means redundant in the case of cluster emergence, despite a high element of serendipity.

Keywords:   framework, incentive, entrepreneurship, institutions, policy

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