start-ups

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Working Paper

From start-up to scale-up: examining public policies for the financing of high-growth ventures

What are the challenges of financing scale-ups, and how can long-term public policies support the creation of a better scale-up environment?

By: Gilles Duruflé, Thomas Hellmann and Karen E. Wilson Topic: Innovation & Competition Policy Date: April 10, 2017
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Blog Post

Services in European manufacturing: servinomics explained

Making the manufacturing sector more competitive is vital to restore economic growth in Europe. Changing business models to sell services as well as products can provide useful revenue to manufacturers.

By: Tommaso Aquilante, Oscar F. Bustinza and Ferran Vendrell-Herrero Topic: Innovation & Competition Policy Date: March 1, 2016
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Working Paper

The globalisation of angel investments

Nature and consequences of angel investments across a variety of geographies with varying levels of venture capital markets and other forms of risk capital.

By: Josh Lerner, Antoinette Schoar, Stanislav Sokolinski and Karen E. Wilson Topic: Finance & Financial Regulation, Innovation & Competition Policy Date: September 1, 2015
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External Publication

Policy lessons from financing innovative firms

There has been increasing concern from policy makers around the world about the lack of access to finance for young innovative firms. As a result, governments in many OECD countries have sought to address the financing gap and perceived market failures by supporting the seed and early stage market.

By: Karen E. Wilson Topic: Innovation & Competition Policy Date: June 25, 2015
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Blog Post

How to unleash the financing of high growth firms in Europe

In this blog post, Karen Wilson shares 10 recommended actions points to the European Commission to unleash and attract venture capital and other forms of entrepreneurial finance to help ventures grow in Europe.

By: Karen E. Wilson Topic: Innovation & Competition Policy Date: May 27, 2015
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Blog Post

Are European yollies more hampered by financial barriers than their US counterparts?

The persistent deficiency in private R&D spending in Europe compared to the United States can be almost entirely accounted for by the EU having fewer young firms, in the mould of Google or Amazon among its leading innovators. Even more importantly, these yollies (young leading innovators) that Europe does have are less R&D intensive.  Why do European yollies invest less in R&D than their US counterparts? 

By: Reinhilde Veugelers Topic: Innovation & Competition Policy Date: May 19, 2015
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Opinion

Crowdfunding: Broadening Europe’s capital markets

The rising financing gap for SMEs as well as high growth firms is a serious concern for Europe battered by financial fragility. These firms, particularly young innovative firms, are the drivers of job creation and economic growth, much needed to break through the economic malaise across Europe.

By: Karen E. Wilson Topic: Innovation & Competition Policy Date: October 29, 2014
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Blog Post

Fact of the week: Not one European city in the top 10 for tech talent

Two recent LinkedIn analyses show some interesting facts about work-related migration in the 21st century and how this reshapes the world’s economic environment. The data shows that European countries tend to be net losers from migration of skilled workers and that they lag behind the US and especially India in the ranking of cities able to attract tech talents.

By: Silvia Merler Topic: Innovation & Competition Policy Date: October 25, 2014
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Policy Contribution

Improving the role of equity crowdfunding in Europe's capital markets

Crowdfunding is a growing phenomenon that encompasses several different models of financing for business or other ventures. We assess the potential role of equity crowdfunding in the overall seed and early-stage financing market and highlight the potential risks of equity crowdfunding.

By: Karen E. Wilson and Marco Testoni Topic: Finance & Financial Regulation, Innovation & Competition Policy Date: August 28, 2014
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Video

Video

Karen Wilson on equity crowdfunding

Crowdfunding has grown at an annual rate of 76 percent from 2009. Karen Wilson, Senior Fellow at Bruegel, explains this phenomenon. The concept of “crowdfunding” has increasingly drawn attention, most recently for its possible role in providing equity funding to start-ups. However, most of the growth has been in the area of reward crowdfunding, where […]

By: Karen E. Wilson Topic: Finance & Financial Regulation, Innovation & Competition Policy Date: June 11, 2014
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Blog Post

Blogs review: The sharing economy hype

As sharing economy companies become valued in the billions, grand claims are being made for the future of these new providers. But the question remains open as to whether the success of these companies, which often relies on lower standard of regulatory oversight and taxes, are a net plus for the economy as a whole.

By: Jérémie Cohen-Setton Topic: Innovation & Competition Policy Date: June 11, 2014
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Blog Post

The crowdfunding phenomenon

The concept of “crowdfunding” has increasingly drawn attention, most recently for its possible role in providing equity funding to start-ups. While there is a growing hype about crowdfunding, there are also many misperceptions.

By: Karen E. Wilson and Marco Testoni Topic: Innovation & Competition Policy Date: May 14, 2014
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