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Venture Capital In Hungarian Academic Spin-Offs

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  • Becsky-Nagy Patricia

    (University of Debrecen Faculty of Applied Economics and Rural Development, Faculty of Applied Economics and Rural Development of the University in Debrecen)

Abstract

As part of a research about Hungarian academic start-ups, I made a survey examining part of the answers of a long questionnaire created for the whole research filled in by academic spin-offs of most important Hungarian universities. The study is structured as follows. First I present the most important operational information on university spin-off companies taking part in the research. Then I give an insight to the details of financing spin-offs, thoroughly analyzing institutional and informal venture capital and the role of funding opportunities â€" tenders. I examine which financing resources dominate in academic spin-off companies in various phases of life-cycle (seed, startup, other early or expansion stage).I am interested in whether venture capital playes itâ€(tm)s classic role (financing fast growing high-technology small firms) or not and what the reasons according to the spin-off companies ) are. I examine how tenders influence the growth of Hungarian spin-offs, and what the most important of the companies about tenders, including barriers or positive indicators.I present the experiences of spin-offs in the fiel of the three mentioned financial resources, and try to answer what kind of changes to subserve venture capital financing Hungarian spin offs would be needed.

Suggested Citation

  • Becsky-Nagy Patricia, 2013. "Venture Capital In Hungarian Academic Spin-Offs," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 351-360, December.
    • Handle: RePEc:ora:journl:v:1:y:2013:i:2:p:351-360
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    References listed on IDEAS

    as
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    3. Rudy Aernoudt, 2005. "Executive forum: Seven ways to stimulate business angels' investments," Venture Capital, Taylor & Francis Journals, vol. 7(4), pages 359-371, March.
    4. Karsai, Judit, 1997. "A kockázati tőke lehetőségei a kis- és középvállalatok finanszírozásában [The possibilities of venture capital in the financing of small and medium-size firms]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 165-174.
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    More about this item

    Keywords

    venture capital; spin-off;

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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