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Growth, management and financing of new technology-based firms--assessing value-added contributions of firms located on and off Science Parks

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  • Lindelöf, Peter
  • Löfsten, Hans

Abstract

This study distinguishes between new technology-based firms (NTBFs) on and off Science Parks in Sweden in an effort to identify any element of added value which the park provides for the NTBFs (273 firms). The paper reports the responses of NTBFs (on and off-Park) about the types of management problems encountered and the constraints inhibiting their growth (89 variables). This study showed some differences between the experience of firms on-Park and off-Park with respect to management and financial issues (Founders, management, advisers, investors and finance). The problem of obtaining finance is one of the major difficulties faced by all NTBFs. Self-financing is the dominant characteristic of funding in the small-firms sector. It is obvious that Science Parks firms have higher R&D intensity in terms of importance of R&D for a starting firm and postgraduate education.

Suggested Citation

  • Lindelöf, Peter & Löfsten, Hans, 2002. "Growth, management and financing of new technology-based firms--assessing value-added contributions of firms located on and off Science Parks," Omega, Elsevier, vol. 30(3), pages 143-154, June.
    • Handle: RePEc:eee:jomega:v:30:y:2002:i:3:p:143-154
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    1. Bradley M. Braun & W. Warren McHone, 1992. "Science Parks as Economic Development Policy: A Case Study Approach," Economic Development Quarterly, , vol. 6(2), pages 135-147, May.
    2. Mian, Sarfraz A., 1996. "Assessing value-added contributions of university technology business incubators to tenant firms," Research Policy, Elsevier, vol. 25(3), pages 325-335, May.
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    4. Annika Rickne & Staffan Jacobsson, 1999. "New Technology-Based Firms In Sweden - A Study Of Their Direct Impact On Industrial Renewal," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 8(3), pages 197-223.
    5. Bania, Neil & Eberts, Randall W & Fogarty, Michael S, 1993. "Universities and the Startup of New Companies: Can We Generalize from Route 128 and Silicon Valley?," The Review of Economics and Statistics, MIT Press, vol. 75(4), pages 761-766, November.
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    Cited by:

    1. Zhaolong Wang & Yeqing Yang & Yu Wei, 2022. "Has the Construction of National High-Tech Zones Promoted Regional Economic Growth?—Empirical Research from Prefecture-Level Cities in China," Sustainability, MDPI, vol. 14(10), pages 1-19, May.
    2. Dina Cunha & Sandra T. Silva & Aurora A.C. Teixeira, 2013. "Are Academic Spin-Offs necessarily New Technology-Based firms?," FEP Working Papers 482, Universidade do Porto, Faculdade de Economia do Porto.

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