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This study analyses and describes, on the basis of a sample, the growth path of European high-tech companies in life sciences and information technology (IT). Chapter one describes the methodology, including a definition of high-tech firms. Chapter two provides a comparative analysis of entrepreneurial financing and incubating initiatives in Europe and discusses the main characteristics of an entrepreneurial climate. Chapter three analyses the dimensions that lead to different start-up configurations of high-tech firms, and discusses how these relate to the local entrepreneurial climate. Chapter four shows links between the entrepreneurial environment, the starting configuration and the growth process the company is going through. The study concludes with some policy recommendations.

It is published as 'Innovation Papers no 32', within the 'Innovation/SMEs' programme, part of the Fifth Research Framework Programme.

Additional information

Authors: CLARYSSE B, Universiteit Gent, Gent (BE);HEIRMAN A, Universiteit Gent, Gent (BE);DEGROOF J-J, Massachusetts Institute of Technology, Sloan School of Management, Cambridge (US)
Bibliographic Reference: EUR 17054 EN (2003), 182pp. Free of charge
Availability: Available from European Commission, Enterprise DG, Documentation Centre Fax: (+32 2) 29 69930 E-mail:
ISBN: ISBN: 92-894-4569-6
Record Number: 200316316 / Last updated on: 2003-05-28
Original language: en
Available languages: en