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Private entrepreneurial support organizations in European fintech entrepreneurial ecosystems

Author

Listed:
  • Federico Micol

    (Politecnico Di Torino)

  • Daniele Battaglia

    (ESCP Business School)

  • Elisa Ughetto

    (Politecnico Di Torino)

Abstract

The importance of Entrepreneurial Support Organizations in promoting the development of Entrepreneurial Ecosystems is well recognized in the literature. Surprisingly, no research has addressed how governments can promote the emergence of Private Entrepreneurial Support Organizations in parallel with Public ones. Using the European FinTech Entrepreneurial Ecosystem as an empirical setting, we investigate through a Qualitative Comparative Analysis which enabling factors the government can intervene on to foster the development of Private Entrepreneurial Support Organizations. We then determine how much the same factors can influence the availability of such programs through a Poisson fixed effects model. The results suggest that Private Entrepreneurial Support Organizations are consistently present in regions with a combination of enabling factors that are conducive to market competition. Policies aimed at simultaneously increasing private R&D spending, reducing subsidies to industry, developing talent, strengthening the knowledge economy and increasing demand could not only encourage the emergence of more startups but also have a positive impact on the overall availability of Private Entrepreneurial Support Organizations.

Suggested Citation

  • Federico Micol & Daniele Battaglia & Elisa Ughetto, 2025. "Private entrepreneurial support organizations in European fintech entrepreneurial ecosystems," The Journal of Technology Transfer, Springer, vol. 50(3), pages 1170-1198, June.
    • Handle: RePEc:kap:jtecht:v:50:y:2025:i:3:d:10.1007_s10961-024-10130-5
    DOI: 10.1007/s10961-024-10130-5
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    More about this item

    Keywords

    Entrepreneurial ecosystem; Startup; Entrepreneurial support organizations; FinTech;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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