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The Role of Regional Net works of Innovation for the Development of High tech Industries:An Interpretation of Innovation Activities in Silicon Valley(p.51)

An important character of technological innovations in the period of emergence and development of high tech industry is that they realized in the form of cluster of innovative start-up s,which is also a remarkable pattern of silicon valley’s innovation activities. Through an analysis of the essence of technological innovation as the process of "creative construction",an analysis of innovation subject’s shift in the growing process of start-ups,and an analysis of both advantages and disadvantages of small size firms,the author discusses the importance of regional networks of innovation for the development of high tech industries,and also give a new interpretation of innovation activities in silicon valley.