The difficulties of financing innovation in Europe

Bernard Guilhon and Sandra Montchaud

International Journal of Entrepreneurship and Innovation Management, 2006, vol. 6, issue 4/5, 383-394

Abstract: The gaps in terms of R&D and innovation between the European countries and the USA can be explained by the specific nature of their current financial systems. Young innovative firms are particularly susceptible to financial difficulties; however, these can be eased by venture capital linked to active financial markets. Sensitive gaps between particular countries exist from the point of view of private equity in the seed and start-up phases.

Keywords: R&D investment; innovation funding; financial systems; financial gap; venture capital; entrepreneurial finance; Europe; entrepreneurship; innovation management; research and development; SMEs; small and medium-sized enterprises. (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeima:v:6:y:2006:i:4/5:p:383-394

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