Format:
1 Online-Ressource (13 p)
Content:
The academic and business literature lacks a convincing argument on how the different strategies of Venture Capital (VC) firms, banks, funds, angel investors, accelerators, corporate and government finance coalesce into a regional competitive advantage. This is particularly true for one of the most sensitive segments of the investment market, namely early-phase high-tech startups (EHS). Ventures in EHS are often associated with entrepreneurial innovation, collaborations across industry and academia, patents and inventions. Examining EHS is the aim of a project on Investment Funds for Technology Based Startups led by Prof. Harvey Goldstein and jointly funded by the Vienna Chamber of Commerce (WKW) and MODUL University Vienna. The attached report is on phase 3 of that project,and comprises a series of in-depth stakeholder interviews, between July and September 2015,on the different strategies employed by investors in Vienna who consider investing in EHS.Findings include: 1. suggestions to align the regulatory framework with main competitor states and regions; 2. a perceived gap in the venture capital finance market for intermediate-stage ventures, for 2 to 5 million euros; 3. improving the Vienna-brand via the promotion of successful venture stories and profitable VC exits; 4. Vienna, as the core innovation hub in Austria, is well placed to take advantage of potential synergies with “satellite hubs” in other parts of Austria, as well as Hungary, Slovakia and even countries further afield among the high-tech ecosystems of Germany and Switzerland; 5. the importance of teams for venture success imply a different approach to entrepreneurial education; 6. support services, now aimed at the individual entrepreneur or the new venture should also consider the support necessary for team building and team leadership
Note:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 24, 2015 erstellt
Language:
English
DOI:
10.2139/ssrn.4209196
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