The project aims to provide a better understanding of the impact of venture capital and private equity financing on the economic performance of innovative entrepreneurial ventures in Europe, as reflected in innovation rates, employment creation, growth, and competitiveness. Furthermore, it extends our understanding of the factors that influence the demand for and the supply of venture capital and private equity financing in European countries, at both micro and macro level. It addresses specific issues that are generally considered crucial for the development of the European venture capital and private equity sector but are so far under researched, namely i) the influence of the characteristics of the investor and the invested firm on exit mechanisms, ii) the internationalization of venture capital and private equity investors and the integration of the venture capital and private equity sector at European level, and iii) the policy mix to target seed and pre-seed capital and to attract investors towards early stage companies.

Selected Publications

Discussion and Working Papers

Schertler, Andrea and Tereza Tykvova (2009), Venture Capital and Internationalization, ZEW Discussion Paper No. 09-055, Mannheim. Download

Client

EU (7. Rahmenprogramm) , Brüssel , BE

Project duration

01.04.2008 - 30.09.2011

Contact

Project members

Prof. Massimo G. Colombo (Coordinator)
Prof. Philippe Mustar (Coordinator)
Prof. Dr. Tereza Tykvova (Coordinator)
Ass. Prof. Luisa Alemany
Sánchez Atencio
Ass. Prof. Marina Balboa
Ass. Prof. Fabio Bertoni
Prof. Francesco Bollazzi
Prof. Michel Callon
Prof. Bart Clarysse
Veroniek Collewaert
Annalisa Croce
Sofie De Prijcker
Prof. Roberto Del Giudice
David Devigne
Liliana Doganova
Ass. Prof. Anna Gervasoni
Ass. Prof. Giancarlo Giudici
Ass. Prof. Luca Grilli
Prof. Mirjam Knockaert
Dr. Terttu Luukkonen
Prof. Sophie Manigart
Postdoc. Miguel Meuleman
Dr. Tomasz Mickiewicz
Prof. José Martí Pellón
Evila Piva
Marie Renault
Massimiliano Sartori
Tom Vanacker
Prof. Mike Wright
Nina Zieling