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This paper explores how a prominent place-based policy in China, the national high-tech zones, affects local innovation … innovation output and entrepreneurial activities. A number of additional tests suggest that the effects appear causal. Access to … national high-tech zones positively affect local innovation and entrepreneurship. Our paper sheds new light on the debate about …
Persistent link: https://www.econbiz.de/10012852927
In recent years governments around the world have introduced policies to stimulate investments in early stage entrepreneurial companies, in particular investments by Angel investors. In this paper we study whether introducing subsidies to Angel investors has effects on startups’ access to...
Persistent link: https://www.econbiz.de/10012622932
It took Intel, established in 1968, 27 years to reach a value of $150 billion; Oracle (1977) reached it in14 years; Google (1998) needed only three years; while Facebook (2004) made it in a mere 18 months. Nowadays, new startups are funded with tens of millions after 6 months of existence, and...
Persistent link: https://www.econbiz.de/10012987530
In the attempt to boost innovation, policy-makers have enacted a myriad of programs targeting innovative start-ups in …
Persistent link: https://www.econbiz.de/10014472062
We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to found another firm, to become dependently employed, or to act as a business angel. Our detailed data resting on the CrunchBase online database indicate that founders stick with...
Persistent link: https://www.econbiz.de/10011436054
We argue two alternative routes that lead entrepreneurial start-ups to acquisition outcomes instead of liquidation. On one hand, acquisitions can come about through the control route with external financers such as venture capitalists (VCs). VCs take control through their board seats along with...
Persistent link: https://www.econbiz.de/10011473538
This paper presents the results obtained from a survey among public and private venture capitalists from countries which attract a large amount of venture capital investment: Germany, Switzerland, Austria and Israel. The objective is to investigate venture capitalists’ investment criteria for...
Persistent link: https://www.econbiz.de/10011820298
current state of decline in the innovation and investment process in Ukraine are analyzed and identified. Peculiarities of … taxation, rather than to finance innovation. The obtained results give grounds for the conclusion that the essence of venture …, which is a hidden reason for slowing down the innovation and investment process. An updated Ukrainian venture model is …
Persistent link: https://www.econbiz.de/10015046029
Persistent link: https://www.econbiz.de/10012099295
Using a new European Union-sponsored firm-level longitudinal dataset, we assess the impact of government-managed (GVC) and independent venture capital (IVC) funds on the sales and employee growth of European high-tech entrepreneurial firms. Our results show that the main statistically robust and...
Persistent link: https://www.econbiz.de/10013066054