Innovative nascent entrepreneurs face the problem of obtaining finance, mainly due to information problems. We use new data on capital seeking start-ups allowing distinction between planning stage and early stage. Being innovative does not affect the probability of having external finance in the...

As public research institutions are increasingly pressured to transfer research results to industry, evaluation of their performance is not only based on their scientific output but also on their commercialization success. Although it is well known that research cooperation activities are an...