Finance for high-tech sectors: state-led support for start-ups and spin-offs. (1st January 2011)

• Record Type: Journal Article
• Authors: Mastroeni, Michele
• Is Part Of: International journal of entrepreneurship and innovation management. Volume 14:Number 2/3(2011)
• Page Start: 176
• Page End: 189
• Publication Date: 2011-01-01
• Subjects: Ireland -- Sweden -- Quebec -- innovation -- finance -- start-ups -- spin-offs -- national systems -- entrepreneurship -- information and communications technology -- ICT; Entrepreneurship -- Periodicals; 338.0405
• Languages: English
• ISSNs: 1368-275X

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.