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Policies for the Provision of Finance to Science-based Entrepreneurship

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  • Civera, Alice
  • Meoli, Michele
  • Vismara, Silvio

Abstract

Policymakers have become increasingly involved in fostering entrepreneurial activity, especially in science-based sectors. The many studies on policy measures and initiatives implemented to support science-based entrepreneurship constitute several lines of research that have not yet been integrated. Drawing primarily upon refereed articles on entrepreneurship, entrepreneurial finance, and management, our review covers four areas: (i) factors fostering the establishment of science-based entrepreneurial firms; (ii) policies fostering the establishment of science-based entrepreneurial firms; (iii) the financing of science-based entrepreneurial firms; and (iv) policies fostering the provision of finance to science-based entrepreneurial firms. This literature review describes the scope of scholarly inquiry into these topics by providing a systematic overview of the most relevant research findings and then identifies lines for future investigation.

Suggested Citation

  • Civera, Alice & Meoli, Michele & Vismara, Silvio, 2017. "Policies for the Provision of Finance to Science-based Entrepreneurship," Annals of Science and Technology Policy, now publishers, vol. 1(4), pages 317-469, December.
    • Handle: RePEc:now:jlastp:110.00000004
    DOI: 10.1561/110.00000004
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    References listed on IDEAS

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    1. Jeff S. Armstrong & Michael R. Darby & Lynne G. Zucker, 2003. "Commercializing knowledge: university science, knowledge capture and firm performance in biotechnology," Proceedings, Federal Reserve Bank of Dallas, issue Sep, pages 149-170.
    2. Juanjuan Zhang & Peng Liu, 2012. "Rational Herding in Microloan Markets," Management Science, INFORMS, vol. 58(5), pages 892-912, May.
    3. Shaker A. Zahra & Els Van de Velde & Bárbara Larrañeta, 2007. "Knowledge conversion capability and the performance of corporate and university spin-offs," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 16(4), pages 569-608, August.
    4. Junfu Zhang, 2009. "The performance of university spin-offs: an exploratory analysis using venture capital data," The Journal of Technology Transfer, Springer, vol. 34(3), pages 255-285, June.
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    Citations

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    Cited by:

    1. Giuliano Sansone & Daniele Battaglia & Paolo Landoni & Emilio Paolucci, 2021. "Academic spinoffs: the role of entrepreneurship education," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 369-399, March.
    2. Alice Civera & Michele Meoli & Silvio Vismara, 2019. "Do academic spinoffs internationalize?," The Journal of Technology Transfer, Springer, vol. 44(2), pages 381-403, April.
    3. David B. Audretsch & Albert N. Link & Martijn Hasselt, 2019. "Knowledge begets knowledge: university knowledge spillovers and the output of scientific papers from U.S. Small Business Innovation Research (SBIR) projects," Scientometrics, Springer;Akadémiai Kiadó, vol. 121(3), pages 1367-1383, December.
    4. Daniel Nepelski & Vincent Roy, 2021. "Innovation and innovator assessment in R&I ecosystems: the case of the EU Framework Programme," The Journal of Technology Transfer, Springer, vol. 46(3), pages 792-827, June.
    5. Tami Gurley-Calvez & Josephine Lugovskyy, 2019. "The role of entrepreneurial risk in financial portfolio allocation," Small Business Economics, Springer, vol. 53(4), pages 839-858, December.

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    More about this item

    Keywords

    G24 L26 O30 O38;

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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