This article discusses the concept of entrepreneurial ecosystems. In particular, three propositions are made for further development of the concept. First, it is argued that entrepreneurial ecosystems should be regarded a part of the regional innovation system. Second, the scope of the concept...

Start-up subsidies play an important role in supporting start-up innovation and performance. However, what characteristics help and hinder start-ups to seek start-up subsidies remains unclear. We study whether and how founder personality, as captured by the big five personality traits and...

This report presents the findings of an OECD review of SME and Entrepreneurship Policy in Egypt , including two thematic chapters on fintech and digitalisation. The report is produced within the framework of the OECD Egypt Country Programme. It examines the challenges and opportunities for SME...

This paper takes the recent public policy proposals of the EU Commission to foster the growth of "unicorns" through direct interventions in the venture capital market as an entry point to inquire into the changing role of the EU in European Venture Capital Markets in the last three decades....

The World Is Changing -- Six Basic Principles for a Changing World -- Silicon Valley: A Cradle of Management Innovation -- Entrepreneurship: What It Really Is, and Why It Must Be Integrated into Management of the Firm -- A Special Breed of People -- Culture: The New Black -- Leading for...

Der Mittelstand bildet mit nahezu 3,5 Millionen Unternehmen die Basis der deutschen Wirt-schaftsstärke. Unternehmensgründungen sind für die ständige Erneuerung der mittelständi-schen Unternehmenslandschaft unerlässlich; innovative Start-ups bringen wichtige Innovatio-nen auf den Markt, die...

Der Mittelstand bildet mit nahezu 3,5 Millionen Unternehmen die Basis der deutschen Wirt-schaftsstärke. Unternehmensgründungen sind für die ständige Erneuerung der mittelständi-schen Unternehmenslandschaft unerlässlich; innovative Start-ups bringen wichtige Innovatio-nen auf den Markt, die...

This paper examines how government funding programs geared towards early-stage companies interact with private capital markets. Using hand-collected data on 755 government programs worldwide, we find that governments' allocations to such funding programs have been comparable to global venture...

Research suggests that public subsidies for newly founded firms have a positive effect on follow-on financing, in particular on Venture Capital (VC), through providing certification and early-stage liquidity. Building on the attention-based view, we argue that the various sources of VC value...

A Ugandan government program allowed groups of young people to submit proposals to start skilled enterprises. Among 535 eligible proposals, the government randomly selected 265 to receive grants of nearly $400 per person. Blattman et al. (2014) showed that, after four years, the program raised...

Innovative firms with good ideas may still struggle to fine-tune them to the stage where they can attract outside funding. We conduct a five-country randomized experiment that tests the impact of an investment readiness program. Firms then pitched their ideas to independent judges. The program...

Die EMN-Studie thematisiert die Voraussetzungen der Gründung eines Startups sowie die allgemeinen Förderinstrumente in Deutschland. Im Fokus der Betrachtungen stehen dabei die Einreisebestimmungen sowie die spezifischen Förderinstrumente für internationale Startups auf Bundes- und...