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Table 1 Description of the firms studied

From: Innovativeness, risk-taking, and proactiveness in startups: a case study and conceptual development

Firm Initial concept Initial context Year founded Founding team
Lab Tech Developing a method for the manufacturing of plastic microfluidic analysis chips University spin-off in a technology incubator 2007 One researcher and one person with previous technology startup experience
Drug Advance Developing a new cancer treatment drug based on a new set of oximes University spin-off in a regional incubator 2007 One researcher, one medical doctor, and one person with a background in business