Project Exit Value Study (EVS) second stage

Purpose and goal

The Exit Value Study (EVS) project, stage 2 reached set objectives. The research project investigated what happens long-term and post-exit to venture capital funded startups, to better understand the long-term economic effects of using venture capital for regional development. The original objective was the completion of three studies, and in the end five studies were completed within the project.

Expected results and effects

The results is approximately 220 pages of documentation of the studies execution and conclusions, comprised of a licentiate thesis of 170 pages and a working paper of 51 pages. There is also a 15 page summary, which outlines recommendations for future policy and research. These documents have been sent to Vinnova, and are available upon request from Chalmers.

Planned approach and implementation

The Exit Value Study (EVS) project, stage 2, was conducted in 2017-2020 with funding from Vinnova and Region of Western Sweden (VGR). Five empirical studies were conducted within the research project, two quantitative, two qualitative and one mixed methods study. These results of the five studies were combined to form a framework for understanding the long-term consequences, and likely chain of events, of using venture capital for regional development. From this framework, recommendations for future policy and research were formulated.