The MGS Blog

Tuesday, November 22, 2011

Does location matter?

Innovation, startup, silicon valley or fen or bog whatever. Does location matter if you intend to start a new venture?

The FT ran a piece in 2005 investigating the phenomenon of Cambridge startup success; "The Fertile Soil of Silicon Fen". The argument goes that Cambridge's close social circles and the willingness of entrepreneurs to try again and again, priming new ventures with prior experience and capital while also drawing on the fertile imaginations and academic excellence of the University's graduate output.

In spite of the small scale of firms spawned under Cambridge's influence, profiting from early success undoubtedly worked, the next question was always going to be "can a Cambridge startup achieve global success?" Well apparently that question is answered in the affirmative, albeit by firms that aren't quite household names but are nonetheless well known in their respective fields. The Cambridge Startup Report "From the lab to the limelight" looks at recent history surrounding Cambridge. Previously Cambridge innovation stories were characterised by early stage sales, meaning few firms attempted to grow and achieve scale success; now it seems that has changed with the four+ biggest Cambridge startup stories displaying longevity, ability to grow beyond the initial concept product and the capability to scale.

So a question: What would a 'Dublin Startup Report' have to say?

References
Maija Pesola. The Fertile Soil of Silicon Fen, The Financial Times, 2005 (link)
The Cambridge Startup Report "From the lab to the limelight" (link)