Financing young innovative firms in Europe

The University Centre receiving the EIBURS on this line of research is expected to be involved in advanced research related to possible finance constraints on young innovative firms in Europe. In comparison to the US, relatively few European start-ups grow into large successful companies. The main objective of this project is to analyze to which extent finance plays a role in this result. Typical aspects of this line of research would be to model and measure the finance constraint, to distinguish between different types of finance (venture capital, mezzanine finance etc.), and to formulate public policy recommendations.

The project may involve any additional activity that the University Centre would be ready to undertake with the sponsorship in the line of research, including:

• Organization of courses and seminars
• Creation of databases
• Surveys