A model for NTBF creation in less developed regions based on the Smart Specialisation concept: the case of regions in Iran

ABSTRACT

Iran has implemented financial and legal support policies for new technology-based firms (NTBFs) since 2009. An assessment of these policies shows an unintended effect of perpetuating core–periphery development gaps, but also a limited understanding of the conditions for NTBF creation. This paper proposes a policy model for NTBF creation in less developed regions that adopts the broader perspective of the entrepreneurial discovery process associated with the Smart Specialisation concept. The policy model considers the entrepreneurs’ level, the firms’ level and the regional entrepreneurial environment to ensure adequate representation of all actors in the process.

KEYWORDS:

• new technology-based firms
• less developed regions
• Smart Specialisation
• entrepreneurial discovery process
• Iran

JEL:

• N9

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DISCLOSURE STATEMENT

No potential conflict of interest was reported by the authors.

Notes

1. Based on data collected from 3555 knowledge-based companies in Iran.