The Cambridge Cluster: Why are there very few large firms?

Cambridge has been acknowledged as one of the world’s leading high-tech business clusters. It is currently home to over 1,500 high-tech ventures, employing around 45,000 people (Kudina, et al., 2008). The city itself is based around the historic centre surrounding the University, and has become a major centre for the new economy. This includes the presence in and around the area of a relatively large number of SMEs specialising in computing, biotechnology, electronics and scientific instruments (While, et al., 2004). These firms are increasingly engaged in global economic activity, with proximity effects sustaining the cluster. As such, it qualifies as one of the most innovative and entrepre

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Cambridge Digital Innovation

Hughes Hall, University of Cambridge

Cambridge Judge Business School

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