Financing of startups: Studies about early financial sources and their effects on firm performance
| Reference number | |
| Coordinator | STIFTELSEN STOCKHOLM SCHOOL OF ECONOMICS (SSE) INSTITUTE FOR RESEARCH - Stockholm School of Economics Institute for Research |
| Funding from Vinnova | SEK 438 112 |
| Project duration | July 2012 - December 2013 |
| Status | Completed |
Purpose and goal
The aim for the project is to (i) analyze Swedish startup companies´ financial situation as well as potential factors that affect their funding portfolios, and (ii) whether, and if so, how a certain type of finance affects the companies´ future development. For the period that VINNOVA funded the project, i.e., from June 2012 to December 2013, the focus was on innovative startups and especially on subsidy funding.
Results and expected effects
The project should result in academic papers, practitioner-oriented reports and presentations. An academic paper has been written and sent to a top-ranked journal. Another paper is under development. Three reports have been developed during this period a fourth is under development. The results have been presented at conferences and seminars. The results from the report concerning how subsidies impact the future development of innovative companies are discussed in broader forums. The activities taken place and the deliverables fulfill the objectives set in the project plan.
Approach and implementation
Data from applications to the VINNOVA VINN NU subsidies, financial data from the Companies Registration Office and information from a unique survey study were collected during this 18-month period. In addition, data about capital available for young Swedish companies in the form of subsidies, debt financing, informal venture capital and formal venture capital are currently being collected. Based on analyzes of these empirical data and literature reviews, reports and research papers has been developed and presented. Some results will be published in the beginning of 2014.