Schumpeterian entrepreneurship is particularly prominent in high-tech industries where new ideas generated from advanced knowledge are of great importance. But case studies notwithstanding, the data used to analyze entrepreneurship have been dominated by startups in low-growth, low-tech...

The conventional view of science-based businesses focuses on the inseparability of the roles of the inventor generating the underlying idea and the Schumpeterian entrepreneur who implements it in practice. We present an equilibrium model of science-based entrepreneurship where scientific ideas...

This study explores the use of initial funding sources, using a unique sample of various types of start-up firms in Japan obtained from multiple surveys. We provide evidence on differences in the use of initial funding sources and their determinants across start-up firms, estimating a...