Media Outlet:
The Wall Street Journal Publication Date:
Description:
Researchers from MIT, Harvard University, and the Georgia Institute of Technology have examined the impact of tech startups working in close proximity, reports Cheryl Winokur Munk for The Wall Street Journal. The researchers found that “'knowledge spillovers' were greatest between dissimilar startups that worked within 20 meters (22 yards) of each other,” writes Munk. “Working in such close range allowed for socialization, which in turn led to idea sharing about the types of technology the startups were using as part of their overall tech infrastructure.”