Abstract

Industries are important arenas where new ventures (NVs) compete, aiming to survive. Evidence suggests that the external environment, and especially the industry in which a venture competes, may contain important sources of knowledge and technologies that enable and constrain ventures to keep abreast of new technological developments and changes in their customers’ needs and demands. We propose that an industry’s knowledge endowments influence the survival of NVs. To explore the effect of industry knowledge on firm survival, we draw on the knowledge-based view, KBV. We focus on only a particular strand of knowledge— technological knowledge— and define it as scientific knowledge applied to useful purposes (Berchicci, 2012; Huber, 2012; Siegel & Renko, 2012).

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