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Le financement par capital risque dans les pme innovantes : le cas specifique des PME innovantes camerounaises


  • Claude Bekolo
  • Emmanuel Beyina


Bank loans and informal funding by small financial cooperatives called « tontines », are the main financing sources of innovation in Small and Medium Sized businesses (SMS). The financing constraints of those businesses result from their dependence from the two funding systems. However, other funding procedures exist that could help SMS to achieve their financing policies and their innovation projects. We propose in this paper a financing model which is a control and development tool for small and medium sized businesses. Codes JEL: L26, L25, M13, O55

Suggested Citation

  • Claude Bekolo & Emmanuel Beyina, 2009. "Le financement par capital risque dans les pme innovantes : le cas specifique des PME innovantes camerounaises," Innovations, De Boeck Université, vol. 0(1), pages 169-195.
  • Handle: RePEc:cai:inndbu:inno_029_0169

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    innovation; tontine; bank; risk capital; rationing;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa


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