Agents of Change and Window of Locational Opportunity (WLO) in Crypto Valley in Zug, Switzerland

Morisson, Arnault; Turner, Clara (2022). Agents of Change and Window of Locational Opportunity (WLO) in Crypto Valley in Zug, Switzerland. In: Calabrò, Francesco; Della Spina, Lucia; Piñeira Mantiñán, María José (eds.) INTERNATIONAL SYMPOSIUM: New Metropolitan Perspectives. Lecture Notes in Networks and Systems: Vol. 482 (pp. 914-923). Cham: Springer 10.1007/978-3-031-06825-6_87

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The article explores the role of human agency in the construction of the opportunity space during the emergence of a new technology—blockchain— in the town of Zug, Switzerland. Trinity of change agency (TCA)— Schumpeterian innovative entrepreneurs, institutional entrepreneurs, and place- based leadership—were able to seize a brief Window of Locational Opportunity (WLO) and construct the opportunity space to promote path creation in Zug. Branded as Crypto Valley, Zug is a medium-sized town that is home to a thriving blockchain and crypto start-up ecosystem. The case of Crypto Valley contributes to the debate on the interplay between the broader institutional context and with time-specific, region-specific, and agent-specific opportunity spaces during the emergence of a new technology—blockchain. The article also highlights the role of institutional relatedness in the emergence of Crypto Valley in Zug.

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