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Social Capital: Its Relationship To Innovation In Science And Technology, Jane E. Fountain

Jane E. Fountain

This paper argues that social capital is a necessary, although not sufficient, enabler of effective public-private partnerships and of a new, more collaborative style of innovation policy, although its significance for science and technology policy, has yet to be assimilated by most policy-makers. The network structure of the biotechnology industry in the United States and the regional-based industrial system in Silicon Valley, California are used to show how social capital affects innovation in science and technology. Two US national policy programs - the Advanced Technology Program and the Manufacturing Extension Partnership - make evident the growing importance of network development. …