chapter  6
1 Beyond Silicon Valley: the regional spread of innovation
Pages 2

One of the most distinctive features of the Silicon Valley model is the continuous creation and development of high technology firms within a particular locale. High technology firms are those dedicated to the design, development and production of new products or processes through the systematic application of scientific knowledge and the most advanced technologies, and which thus have both a high proportion of scientists and engineers and a large expenditure in research and development (R&D) operations.