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Crowd-funded markets have recently emerged as a novel source of capital for entrepreneurs. As the economic potential of these markets is now being realized, they are beginning to go mainstream, a trend reflected by the explicit attention crowdfunding has received in the American Jobs Act as a...
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What is the role of startups within the innovation ecosystem? Since 2000, startups have grown in their share of … ventures in the innovation process relative to more traditional alternatives such as academia and established private … generate predictions related to the value and impact of startup innovation. We then explore these predictions using patents …
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A creative economy requires innovation-friendly conditions. Korea’s innovation system should be improved by upgrading … level. The returns from Korea’s large investment in innovation should be enhanced by improving framework conditions – easing … adoption of new technology. Venture businesses and start-ups should play a key role in commercialising innovation. To make …
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This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …
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