Growth and venture capital investment potential for university spin-offs in Hungary
APSTRACT: Applied Studies in Agribusiness and Commerce, 2013, vol. 07, issue 4-5
Venture backed spin-offs represent a low proportion of companies, even of innovative companies. The research question was, whether these companies have an important role in innovation and economic growth. I present the most important indicators of innovation in connection with entrepreneurship, the measures of start-ups, mainly the high-tech ones. I describe the position of venture capital industry nowadays, detailing the classical venture capital investments, targeting high-growth potential small firms, even university spin-offs. The study presents the results of a survey made as a counterpart of an academic research team, examining spin-offs, entrepreneurs and technology transfer in the most important Hungarian universities. I found that the most important obstacles of venture capital investments in high-tech spin-offs are the information gap between demand and supply side, the lack of entrepreneursâ€™ willingness to give up freedom in decision making, despite of low managerial skills. The low quality of financial environment is also an obstacle of the segment.
Keywords: venture capital; spin-off JEL classification codes: G24; M13; Agricultural Finance; International Development; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:apstra:187505
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