Impact of knowledge spillovers on knowledge-based entrepreneurship

Because of the blocking effect of “knowledge filter”, new knowledge, which has been created out but not well commercialized by existing organizations, may be appreciated by others and then become the main source of entrepreneurial opportunities. Through kinds of knowledge spillover channels, such as spatial agglomeration, social network, labor mobility and intellectual property market, entrepreneurs are able to acquire, develop and utilize the un-commercialized knowledge. What´s more, the knowledge stock and tendency of knowledge spillovers of existing organizations and the entrepreneurs´ knowledge absorptive capacity will also influence the effect of knowledge spillovers and the ratio of new enterprise surviving. On these basic studying, this essay mainly analyzes the impact of knowledge spillovers on knowledge-based entrepreneurship and provides a new perspective to explain knowledge-based entrepreneurship.