Purpose – The importance of entrepreneurial activities and the establishment of new ventures for economic growth and employment have long been recognized. However, the interactions of underlying mechanisms whihc influence this process have not been understood all that well. In the light of...

This paper discusses human capital in connection with the entrepreneurial processes in knowledge‐based new ventures. Until recently, research on the founding of new ventures has focused mainly on the personal characteristics of entrepreneurs, but this trait approach tends to underestimate the...

This paper explores the contribution of various forms of capital to the development of the entrepreneurial venture. It centres on the influence of human capital, which constitutes the foundation of knowledge-based societies and bears on how entrepreneurs organise and manage new technology and...