09 July 2013

Cluster Crafting ~ TR on Tech Hot Spot Secrets...

TR's Antonio Regalado writes In Innovation Quest, Regions Seek Critical Mass asking "What’s the secret to becoming the next technology hot spot?"
"Kendall has become what economists call a cluster, a concentration of interconnected companies that both compete and collaborate. [...] net job growth comes from startup companies, especially the kind that explode from a few employees to several thousand. In technology, those winners have a way of producing more winners. The process reaches critical mass in the web of intertwined companies, resources, advantages, ideas, talent, opportunity, and serendipity that defines a technology cluster. It’s clear that what’s essential is proximity to human talent and new ideas. [...] The big questions in this month’s MIT Technology Review Business Report are why technology clusters arise and what the ingredients are to create one."

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