TY - CHAP
T1 - The New Manufacturing
T2 - In Search of the Origins of the Next Generation Manufacturing Start-Ups
AU - Ferrás-Hernández, X.
AU - Armisen-Morell, Albert
AU - Sabata-Alberich, Anna
AU - Tarrats-Pons, Elisenda
AU - Arimany-Serrat, Núria
N1 - Publisher Copyright:
© 2022 by World Scientific Publishing Co. Pte. Ltd.
PY - 2021/1/1
Y1 - 2021/1/1
N2 - Manufacturing is undergoing a deep model change due to the convergence of several forces: (a) the simultaneous emergence of new disruptive technologies, (b) the accelerated substitution of men by machines, (c) the restructuring of global competition, with the consolidation of some global manufacturing clusters, and (d) a new market dynamic dominated by a growing consumer power. Much has been said about how industries adapt to these forces (a widely known example is the so-called “industry 4.0” paradigm). Scholarly literature states that, in moments of accelerated technological change and industry effervescence, new technology-based firms play a critical role in reshaping the markets and reconfiguring competition. Yet, little has been said in the literature about the features of new manufacturing start-ups. Our aim is to explore the origins of the new technological firms that are emerging in the manufacturing industry. To do so, we have created a database of 184 manufacturing start-ups, incepted since 2013, and which have attracted some US $2.4 billion in total funding; of these firms, we have analyzed a set of 291 founders’ profiles, looking for their backgrounds and previous experiences. Our findings suggest that promising new manufacturing technology-based firms are created mainly by teams formed by experienced managers and experts with solid scientific or technological backgrounds.
AB - Manufacturing is undergoing a deep model change due to the convergence of several forces: (a) the simultaneous emergence of new disruptive technologies, (b) the accelerated substitution of men by machines, (c) the restructuring of global competition, with the consolidation of some global manufacturing clusters, and (d) a new market dynamic dominated by a growing consumer power. Much has been said about how industries adapt to these forces (a widely known example is the so-called “industry 4.0” paradigm). Scholarly literature states that, in moments of accelerated technological change and industry effervescence, new technology-based firms play a critical role in reshaping the markets and reconfiguring competition. Yet, little has been said in the literature about the features of new manufacturing start-ups. Our aim is to explore the origins of the new technological firms that are emerging in the manufacturing industry. To do so, we have created a database of 184 manufacturing start-ups, incepted since 2013, and which have attracted some US $2.4 billion in total funding; of these firms, we have analyzed a set of 291 founders’ profiles, looking for their backgrounds and previous experiences. Our findings suggest that promising new manufacturing technology-based firms are created mainly by teams formed by experienced managers and experts with solid scientific or technological backgrounds.
KW - Entrepreneurship
KW - High tech industries
KW - Innovation
KW - Manufacturing
KW - Startups
UR - http://www.scopus.com/inward/record.url?scp=85139710805&partnerID=8YFLogxK
U2 - 10.1142/9789811247729_0008
DO - 10.1142/9789811247729_0008
M3 - Chapter
AN - SCOPUS:85139710805
SN - 9789811247712
SP - 183
EP - 202
BT - Emerging Issues and Trends in Innovation and Technology Management
PB - World Scientific Publishing Co.
ER -