there was an excellent article published in Foreign Affairs last year on the topic of Entrepreneurial Economies, written by Carl Schramm, author and CEO at Kauf

there was an excellent article published in Foreign Affairs last year on the topic of Entrepreneurial Economies, written by Carl Schramm, author and CEO at Kauffman Institute. the article is unfortunately not freely distributed and requires a subscription fee to access it. The concept of hubs is central to his thesis. He basically argues that the key requirements for an industry hub are: large companies for R&D and M&A, Research Universities for research and tech transfer, Investment Groups for access to capital, and knowledge workers with applicable skills. In the web/tech space there is no argument that SV provides the right mix of resources and is the leading technology hub. Where the EU and metro regions in the US can improve is increasing the linkages between these groups and thus making it easier for entreps to succeed there. Many of the examples Ryan provided in his post are examples of the progress that has been made in Europe.