FT review of interesting book on attempts to clone Silicon Valley.
Excerpt. “Another point stressed in the Stanford papers – and this is particularly relevant to Cambridge – is that clusters are more likely to flourish if they contain some large companies. An increase in the number of companies is not enough; some of them need to transform themselves into global operators that can act as role models, as trainers of technical and managerial staff and as a source of spin-offs.
This is the missing ingredient in Britain’s Silicon Fen. Despite the undoubted achievements of ARM Holdings and a few software businesses, there is no Cambridge company in the same league as Nokia or some of the larger Taiwanese firms. Is this because British entrepreneurs shy away from the challenge of managing big, inter-national companies, or are conditions for building such companies less favourable in the UK than in Finland or Taiwan?”