Nurturing and Growing Innovative Start-ups: The Role of Policy as Integrator
Nurturing and growing innovative start-ups has become an important point on the political agenda. However, many financial schemes and incubation initiatives that were started up in the mid-nineties were cancelled or down scaled after the dot com bubble. There was a consensus that innovative start-ups need more than just money. Networking and coaching were identified as additional needs. Moreover, the intensity and nature of these needs change over along the different stages of the early life cycle. In this paper we make an in depth study of three approaches to nurture and grow innovative start-ups. Each of these initiatives is also embedded in a totally different national innovation system: Sitra in Finland, Chalmers in Sweden and Anvar/Banque de Développement des PMEs in France. A comparison is made of each approach in terms of its financing, networking and coaching support, along the different stages of the start-up life cycle.
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