Finance for high-tech sectors: state-led support for start-ups and spin-offs Online publication date: Tue, 30-Sep-2014
by Michele Mastroeni
International Journal of Entrepreneurship and Innovation Management (IJEIM), Vol. 14, No. 2/3, 2011
Abstract: This paper investigates what the main sources of finance are for start-up and spin-off firms in the information and communications technology (ICT) sector. Using interview data, it shows that government capital plays a predominant role in economies looking to establish a competitive ICT sector. It also shows how non-market incentives, not usually captured by literature on finance, play an important role in financing small innovative firms.
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