Final answer:
True, high-tech companies often establish themselves near universities in spaces designed to foster growth and innovation, known as incubators. Regions like Silicon Valley illustrate the collaboration between academia, industry, culture, and government in creating successful high-tech hubs.
Step-by-step explanation:
The statement is true; high-tech companies often locate near universities in incubator spaces. The relationship between technology centres and academic institutions is mutually beneficial. Universities provide a talent pool of graduates and opportunities for advanced research, while businesses offer practical applications for research and potential employment for students. This synergy is exemplified in areas like California's Silicon Valley, Boston's "128 Corridor," Austin, and Seattle, which have become hubs of high-tech innovation.
Richard Florida's research into the quaternary sector of the economy, which includes high-tech jobs, indicates that cultural factors play a significant role in their development. A high quality of life and tolerance for diversity can help attract and nurture the talented individuals who drive innovation in these industries. Governments and the business community often provide economic incentives and invest in education to foster the growth of these high-skill, information-sector jobs.
The example of Silicon Valley, with its blend of universities, pre-existing industries, and a distinct cultural climate, highlights how these factors converge to create a leading high-tech region. Local government policies have also supported the establishment and growth of innovative companies by capitalizing on the available human capital.