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Information Technology and Entrepreneurship: Factors that Shape Investment Support for Innovation

Author

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  • Storey, Veda C.

Abstract

The evolution of innovative products has continued to move business and society into an ever more complex, and digital, world. Researchers have sought to understand how to best support innovation and how decisions are made regarding funding for entrepreneurs seeking to bring their products to market. Funding by investors can shape the direction of an innovation, especially for advances in information technology. The funding can be obtained from multiple sources, ranging from the more traditional angel and venture capitalists to newer, technology-enabled online structures such as crowd-sourced funding sites. This monograph seeks to identify the factors that are important for information technology investment decisions, particularly considering the availability of newer funding methods. It starts by reviewing the literature on investment funding and decision making. Then a content analysis is performed, from which six dominant factors emerge: entrepreneur, product, market, proposal, management team, and financial considerations. Each of these factors has multiple dimensions, which are abstracted and categorized into a set of representative characteristics. Implications are provided for research and practice, and directions proposed for future work.

Suggested Citation

  • Storey, Veda C., 2019. "Information Technology and Entrepreneurship: Factors that Shape Investment Support for Innovation," Foundations and Trends(R) in Information Systems, now publishers, vol. 4(1), pages 1-106, November.
    • Handle: RePEc:now:fntisy:2900000019
    DOI: 10.1561/2900000019
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