

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 sci