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Tangible and intangible proximities in the access to Venture Capital: evidence from Italian innovative start-ups

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  • Ghinami, Francesca
  • Montresor, Sandro

Abstract

This paper aims to investigate the role that different forms of proximity have in the access to Venture Capital (VC) by Innovative Startup Companies (ISC). By referring to the population of Italian innovative startups, we find that tangible (spatial) proximity account for this matching, but more in functional than in geographical terms. Industrial proximity between the two actors matters too, and makes the role of functional proximity less binding for the matching. The greatest correlation emerges with respect to a relational kind of proximity, due to the closeness between partners in organisational and social terms.

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  • Ghinami, Francesca & Montresor, Sandro, 2023. "Tangible and intangible proximities in the access to Venture Capital: evidence from Italian innovative start-ups," SocArXiv hqrj7, Center for Open Science.
    • Handle: RePEc:osf:socarx:hqrj7
    DOI: 10.31219/osf.io/hqrj7
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