This chapter considers technology diffusion, technology transfer networks, a model of technology
diffusion, “best practice” and implications for policy. Technology diffusion in the form of new or
improved technology, the transmission of knowledge or technical expertise is investigated. This involves spillovers through formal and informal networks enabling learning by interacting and an absorptive
capacity to assimilate new technology developed elsewhere. Implications for policy relevant to technology and entrepreneurship arising from the model are also investigated and conclusions are drawn.
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Innovation and Small Business: Volume I