Title: Finance for high-tech sectors: state-led support for start-ups and spin-offs

Authors: Michele Mastroeni

Addresses: 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.

DOI: 10.1504/IJEIM.2011.041730

International Journal of Entrepreneurship and Innovation Management, 2011 Vol.14 No.2/3, pp.176 - 189

Available online: 02 Aug 2011 *

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