This paper assesses the financing gap faced by innovative start-ups in the European Union (EU) when they reach the scaling-up stage of their development. It draws on data collected through a seminar involving 117 experts representing start-ups and scale-ups, financial actors, academia, and EU policymakers and aimed at investigating the causes, consequences, and policy solutions of the scale-up gap in the EU. Besides highlighting supply-side deficiencies, the seminar also emphasised weaknesses in both the demand side of the scale-up gap and the EU ecosystem for high-growth entrepreneurship. The paper offers policy recommendations, highlighting the need for policy solutions involving private actors and specifically targeting scale-ups. The paper also calls for more robust research on measuring the scale-up financing gap and its economic impact to improve the policy response.

The scale-up finance gap in the EU: Causes, consequences, and policy solutions / A. Quas, C. Mason, R. Compañó, G. Testa, J. Gavigan. - In: EUROPEAN MANAGEMENT JOURNAL. - ISSN 0263-2373. - (2022). [Epub ahead of print] [10.1016/j.emj.2022.08.003]

The scale-up finance gap in the EU: Causes, consequences, and policy solutions

A. Quas
Primo
;
2022

Abstract

This paper assesses the financing gap faced by innovative start-ups in the European Union (EU) when they reach the scaling-up stage of their development. It draws on data collected through a seminar involving 117 experts representing start-ups and scale-ups, financial actors, academia, and EU policymakers and aimed at investigating the causes, consequences, and policy solutions of the scale-up gap in the EU. Besides highlighting supply-side deficiencies, the seminar also emphasised weaknesses in both the demand side of the scale-up gap and the EU ecosystem for high-growth entrepreneurship. The paper offers policy recommendations, highlighting the need for policy solutions involving private actors and specifically targeting scale-ups. The paper also calls for more robust research on measuring the scale-up financing gap and its economic impact to improve the policy response.
Settore SECS-P/09 - Finanza Aziendale
17-ago-2022
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2434/937982
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