This paper addresses the question of the efficacy of R&D policy measures in support of high-tech start-ups. We show that subsidies awarded on a competitive basis lead to a positive effect, while those assigned through an automatic procedure do not.

The financial and innovation literature generally claims that venture capital (VC) investments spur the growth of new technology-based firms (NTBFs). However, it has proved difficult so far to separate the "treatment" effect of the VC investment from the "selection" effect attributable to the...

The aim of this article is to assess the impact of public subsidies on the employment growth of new technology-based firms (NTBFs), contingent on (i) the type of policy scheme (either selective or automatic) and (ii) the age of the firms at the time of receipt of the subsidy. For this purpose,...

<i> La dimensione iniziale delle nuove imprese ad alta tecnologia: il ruolo del capitale umano e delle fonti di finanziamento </i> (di Massimo G. Colombo, Marco Delmastro, Luca Grilli) - ABSTRACT: This paper investigates the determinants of the start-up size of new technology-based firms. While...

This timely book brings together cutting-edge research on the important subject of science and innovation policies. The contributors – distinguished social science scholars – tackle the key challenges of designing and implementing public policies in the context of the new knowledge economy.

The paper analyzes the effects of international research alliances on the performance of NTBFs (new technology-based firms) by adopting a framework that incorporates both the resource-based view and the global strategic network theory. The paper focuses on the European Union-funded international...

This paper aims to shed new light on start-up financing of new technology-based firms (NTBFs) and the existence of credit cons- traints that may negatively affect their activity. For this purpose, we analyze the different sources of start-up financing used by a sample composed of 386 Italian...