Firm selection for government venture capital funding to youth tech-based startups

IF 2 Q3 BUSINESS

Journal of Research in Marketing and Entrepreneurship Pub Date : 2023-04-12 DOI:10.1108/jrme-06-2020-0083

Lalit Sharma

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引用次数: 0

Abstract

Purpose The purpose of the study is to review and understand firm selection mechanism involved in government venture capital (GVC) funding and identify key factors influencing selection of tech-based firms for GVC funding. Design/methodology/approach This paper is based on real-time methodology. The data was generated from interviews of 60 young applicants, who applied for startup funding, and analyzed using statistical techniques to draw the results. Findings This review identifies financial viability, market viability and technological innovation to have the strongest predictive ability in firm selection process of the GVC funding program for tech-based youth-owned startups in the first round of interview. This review also highlighted that social impact is not a statistically significant variable in firm selection process in GVC funding. Originality/value This study tests the validity of the theory of GVC based on quantitative analysis of field data and identifies key factors with strong predictive abilities for GVC funding, more particularly for the youth-owned tech-based startups. This study brings to light the mechanism adopted for GVC funding and addresses gaps in the literature relevant to firm selection mechanism in GVC programs. This study would help GVC Fund Managers to review their own GVC programs in terms of selection mechanism and help them in appropriate designing of such programs.

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为青年科技创业公司提供政府风险投资资金的公司选择

目的本研究旨在回顾和了解政府风险投资（GVC）融资中的企业选择机制，并确定影响科技型企业选择GVC融资的关键因素。设计/方法论/方法本文基于实时方法论。这些数据来自对60名申请创业资金的年轻申请人的采访，并使用统计技术进行分析以得出结果。发现这篇综述在第一轮采访中确定，在全球价值链资助计划的公司选择过程中，金融可行性、市场可行性和技术创新对科技青年创业公司具有最强的预测能力。这篇综述还强调，在全球价值链融资的企业选择过程中，社会影响并不是一个具有统计学意义的变量。原创性/价值本研究基于对实地数据的定量分析，检验了全球价值链理论的有效性，并确定了对全球价值链融资具有较强预测能力的关键因素，尤其是对青年拥有的科技初创公司。本研究揭示了全球价值链融资所采用的机制，并解决了与全球价值链项目中的企业选择机制相关的文献中的空白。这项研究将有助于全球价值链基金经理从选择机制方面审查他们自己的全球价值链计划，并帮助他们适当设计此类计划。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Research in Marketing and Entrepreneurship BUSINESS-

CiteScore

3.00

自引率

36.80%

发文量

期刊介绍： The Journal of Research in Marketing and Entrepreneurship (JRME) publishes research that contributes to our developing knowledge of entrepreneurial and small business marketing. Even though research into the relationship between marketing and entrepreneurship is still relatively young, the subject has thus far proved exciting and thought provoking, and critical thinking has progressed rapidly.The journal stands at the interface of research in marketing and entrepreneurship. Coverage may include, but is not limited to: -The size and structure of the entrepreneurial enterprise. -SMEs and micro businesses approach marketing -Intrapreneurship -The role of entrepreneurship in marketing -The role of marketing in entrepreneurship -How do successful entrepreneurs market their product and services? -Competencies necessary for the successful entrepreneur -The role of entrepreneurship (and, as appropriate, intrapreneurship) in the development of organizations -Life cycles of organizations: the stages in the growth of firms and the analysis of critical episodes -The influence of external help, support, and personal contact networks -Opportunity recognition -Relationships between SMEs and larger firms: how SMEs interact successfully with larger firms and how these larger firms in turn manage their relationships with SMEs -Strategic and management issues that pertain to marketing -Cultural and sociological perspectives of the entrepreneur -Cross-cultural studies and work on developing economies -Appropriate research methodologies