The value of cooperation is recognised as an integral part of small technology-based firms? (STBFs) success; however, there is a lack of research regarding the importance of network embeddedness for these firms. The objective of this study is to overcome this void by applying the systemic evolution model (Yli-Renko and Autio, 1998). Therefore, we performed multiple exploratory case studies in three Portuguese STBFs. We found that the firms have achieved different levels of embeddedness, which is linked with their growth level. As an important driver for network embeddedness, we found the existence of patents. We deduct that the STBFs? future as disseminators of technology will continue to depend on cooperation networks.
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Franco et al. (2011) studied this question.
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