What's the relationship between innovation and successful high-growth companies? As you might expect, a recent study shows that as an industry's innovation increases, the impact and number of small fast-growing firms is likely to increase.
The study, sponsored by the Small Business Administration's Office of Advocacy, examines the difference between fast growing large firms and smaller "gazelle" companies. Researchers compared the performance of INC. 500 firms with a group of 500 large, fast-growing, publicly-held companies. According to the National Dialogue on Entrepreneurship, the study's findings underscore the role of new entrepreneurial businesses as drivers of technological innovation in the economy.
Do these findings apply to the Research Triangle and North Carolina? Are start-up companies creating enough innovative outputs in the local economy? Is there more than we we should be doing to foster the growth of these "gazelle" companies? Let us know your thoughts.