External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their innovation as well as the projectś feasibility. Our...

If innovation is necessary to tackle the huge economic, political, and social challenges facing society, then entrepreneurship is needed to drive innovation. Both Germany and the US are not only among the most innovative, but also among the most entrepreneurially active countries in the world....

External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their innovation as well as the project’s feasibility. Our...