Strategic alliances as a source of early-stage seed capital in new technology-bases firms
Article Abstract:
A significant gap exists in early-stage seed capital for technology-based new ventures. This article reports the results of a survey of embryonic firms in the southwestern United States that received significant amounts of their initial capital from strategic partners. Through this survey of firms, we have examined various characteristics of the partnerships. The firms were identified through extensive research of multiple sources (at least 30) such as universities, federal laboratories, state and local economic development agencies, incubator centers, technology parks, venture capital funds, NASA Regional Technology Transfer Centers, corporate alliance partners, entrepreneurial networking organizations and by word-of-mouth from other entrepreneurs. Our empirical research findings identified the following key issues as salient to small-firm/large-firm, technology-driven strategic alliances formed for seed capital investment purposes: (a) Processes of strategic alliance formation; (b) Benefits accruing from strategic alliance formation; (c) Alternative market roles to forming a strategic alliance; (d) Governance processes of strategic alliances; (e) Alternative sources of funding to forming a strategic alliance; (f) Critical success/failure factors in strategic alliance formation.
Publication Name: Technovation
Subject: High technology industry
ISSN: 0166-4972
Year: 2000
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Organizational transformation and strategic learning in high risk, high complexity environments
Article Abstract:
Case studies of four nuclear power utilities in New York were analyzed to determine conceptual tools that can help improving the understanding on how environmental, organizational and managerial factors can influence the effectiveness of technology-intensive organizations. The same data was used to find ways to improve organizational development and management. Result of the studies indicated that companies with high-risk and high-complexity environments should focus on enhancing their intra- and inter-organizational learning as this will determine the overall performance of the company.
Publication Name: Technovation
Subject: High technology industry
ISSN: 0166-4972
Year: 1999
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Bridging government-university-industry technological learning disconnects: a comparative study of training and development policies and practices in the U.S., Japan, Germany, and France
Article Abstract:
Corporate training and development (CT&D) programs need to be adapted to the changing culture of the industry. Such programs provide the necessary skills and knowledge to employees for optimum performance. Based on comparative studies done in Germany, Japan, France and the US, the lack of support from senior government officials and management inhibits the benefits reaped from CT&D programs. However, active and adaptable learning systems as well as appropriate tax incentives strengthens the relevant role of CT&D programs.
Publication Name: Technovation
Subject: High technology industry
ISSN: 0166-4972
Year: 1998
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