The Entrepreneurial Process in High-tech and Knowledge-based Sectors in Denmark

Based on a number of in-depth case studies, the aim of this paper is to elucidate some of the key internal and external mechanisms influencing the foundation and early growth of high-tech and knowledge-intensive entrepreneurial ventures. Following a detailed sampling procedure, a number of semi-structured interviews were carried out between August 2000 and June 2001. The firms were chosen among those established during the last three years both inside and outside Danish business incubators. The sampling was carried out in such a way as to include both male and female entrepreneurs. Our preliminary findings indicate that in the early phases of the business, prior social relations between members of the entrepreneurial teams play an important role in both the recruiting of key employees and managers and in the success of the entrepreneurial venture. Moreover, the weak ties resulting from the personal and/or business experience of at least one of the members of the entrepreneurial team appear to enhance the likelihood of the firm being “born global”.