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Leveraging Entrepreneurship through Private Investments: Does Gender Matter?

Dora Gicheva and Albert Link

No 11-21, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: Using project data from a random sample of Phase II research awards from the National Institutes of Health SBIR program, we estimate the relative probability that woman-owned firms are able to attract private investments to fund the transition of the technology developed under the sponsorship of the SBIR program to an innovation to enter the market. We find that womenowned firms are as much as 16 percentage points less likely to attract private investment dollars compared to male-owned firms, factors excluding the size of the SBIR award held constant. Women-owned firms that received larger awards performed substantially better. Although the SBIR program has a legislated directive to increase the participation of woman-owned firms in the program, our findings suggest that it might not be sufficient to overcome market perceptions about the profitability of such investments actually bringing a developed technology to market.

Keywords: Innovation; Entrepreneurship; SBIR program; Venture capital; Gender discrimination (search for similar items in EconPapers)
JEL-codes: G11 J16 L26 O31 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2011-11-28
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Chapter: Leveraging entrepreneurship through private investments: does gender matter? (2013) Downloads
Journal Article: Leveraging entrepreneurship through private investments: does gender matter? (2013) Downloads
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