capital backed investments. Giving up an alternative career, entrepreneurs focus their effort on a single, high risk venture … investment, and output subsidies at the production stage. While these measures stimulate entrepreneurship, only cost …

This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially … the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture …

capital backed investments. Giving up an alternative career, entrepreneurs focus their effort on a single, high risk venture …