Tech Companies and Innovation: An Unexpected Outcome

Research finds that the tech companies and innovation have an unexpected connection. Tech company turnover has reduced significantly over the past decade and tech company employment has also plummeted through this time. This has led to a reduced number of new businesses being created and growing and established businesses failing. While this might not sound bad, it leads to an unexpected result of lower innovation.

There has been significant growth in the value of certain brands in technology in this past decade. But that has skewed the connection between tech companies and innovation. While it might seem like progress because of these few names, the fact that they are dominating the market is a problem.