The Silicon Valley Edge: A Habitat for Innovation and Entrepreneurship

The enormous success of Silicon Valley has excited admiration worldwide, with many governments attempting to produce their own Silicon Alley, Silicon Glen or Silicon Fen. In this volume, academic and industry experts establish that the special character of the region is not to be found in technological breakthrough, but rather in the ability to turn ideas into products through the swift formation of new firms. Underpinning this ability are seven key factors: a favourable regulatory environment, the free circulation of ideas, a high-quality and mobile workforce, a climate which rewards risk-taking and tolerates failure, an open business environment, the existence of research universities and institutions, a high quality of life, and a business infrastructure which can supply expertise in finance, law, accounting, headhunting, marketing and equipment provision. The contributors suggest how other regions can repeat this success, while explaining why the Valley is likely to retain its edge.