Promoting: Programs for and challenges of the knowledge-based small business

Joan K. Imukuka*, Bhishna Bajracharya, Linda Too, Greg Hearn

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

Abstract

INTRODUCTION
Small businesses have long been recognized for their contributions to innovation, job creation and the overall health of most economies (Audretsch, 2004; North et al., 2001; Tilley and Tonge, 2003). Government policies in most countries, therefore, often include support measures and infrastructure to help nurture small businesses, particularly in relation to their innovation-related needs (North et al., 2001). Most recently, there has been growing interest in fostering the emergence of new and innovative small businesses, especially in the high-technology and knowledge-intensive sectors (Bridge et al., 2009). The ’high technology’ and ’knowledge-intensive sectors’ are those sectors of the economy that have significant levels of research and development expenditure, a high degree of human capital employed in science and technology-based activities and patent intensity. Typical examples include biotechnology, telecommunications, computer applications, energy, pharmaceutical, electronics, and materials technology sectors (Madsen et al., 2004). Within these sectors are emerging firms known as ’knowledge-intensive’ or ’knowledge-based’ businesses, which are seen as potential engines of economic growth (Davis and Botkin, 1994).
Original languageEnglish
Title of host publicationBuilding Prosperous Knowledge Cities: Policies, Plans and Metrics
EditorsT Yigitcanlar, K Metaxiotis, F J Carrillo
Place of PublicationUnited Kingdom
PublisherEdward Elgar Publishing
Pages228-240
Number of pages13
ISBN (Print)9780857936035
DOIs
Publication statusPublished - 2012

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Imukuka, J. K., Bajracharya, B., Too, L., & Hearn, G. (2012). Promoting: Programs for and challenges of the knowledge-based small business. In T. Yigitcanlar, K. Metaxiotis, & F. J. Carrillo (Eds.), Building Prosperous Knowledge Cities: Policies, Plans and Metrics (pp. 228-240). United Kingdom: Edward Elgar Publishing. https://doi.org/10.4337/9780857936042.00022