Title: Finance for high-tech sectors: state-led support for start-ups and spin-offs
Author: Michele Mastroeni
Address: Faculty of Business and Law, Kingston University, Kingston Hill, Kingston-upon-Thames, KT2 7LB, Surrey, UK
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.
Keywords: Ireland; Sweden; Quebec; Canada; start-ups; spin-offs; ICT; information technology; communications technology; high-tech sectors; high technology; state support; government capital; competitive economies; non-market incentives; small firms; innovative firms; small and medium-sized enterprises; SMEs; national systems; entrepreneurship; innovation management; entrepreneurial finance.
Int. J. of Entrepreneurship and Innovation Management, 2011 Vol.14, No.2/3, pp.176 - 189
Available online: 02 Aug 2011