The present study picks up on the aspect of knowledge generation - a key part of every national innovation system - in … the context of the USA and the Russian Federation. Following Fritsch and Slavtchev (2006) a knowledge production function … can be used to account for the efficiency of an innovation systems. In detail this study provides a quantile regression …

innovation as well as the project's feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …