From start-up to scale-up: fueling growth firms in Europe
While there has been an increased policy focus on start-ups, few of these firms are able to survive and grow longer term. It is the high-growth businesses, ones that are able to scale-up, which create jobs and economic growth, drive innovation and improve societies. What are the barriers for young innovative firms to scale up and how can they be addressed?
This event started with a presentation from Sherry Coutu, the principal author of a recent UK report The Scale Up Report on UK Economic Growth. In the report, a ‘scale-up’ is defined as an enterprise with more than 10 employees at the beginning of the observation period which achieves average annualised growth in employees or turnover greater than 20 per cent per annum over a three year period. The report makes a number of recommendations for enabling UK scale up growth.
Her talk was followed by a presentation from Dr Thomas Hellmann of a framework developed to analyse the challenges facing firms from start-up through scale-up. He will also discuss the initial findings from a recent Entrepreneurship Policy Roundtable on financing growth at Said Business School in Oxford (in partnership with Bruegel and QCC).
The objective of this event was to have a dialogue between policy makers, practitioners and academics about the challenges posed by the so-called ‘scale-up’ problem – with a particular focus on financing challenges. This included taking a critical look at current financing barriers for scaling companies, and the possible ways in which public policy may help to address this issue.
The Scale Up Report on UK Economic Growth | Report by Sherry Coutu
How to unleash the financing of high growth firms in Europe | Blog post by Karen E. Wilson
High Growth Firms and Job Creation in Europe | Blog post by Diogo Machado and Karen E. Wilson
Policy lessons from financing innovative firms | External publication by Karen E. Wilson
Registration and sandwich lunch
Sherry Coutu, Entrepreneur, Investor and Non-Executive Director
Thomas Hellmann, Professor of Entrepreneurship and Innovation, Saïd School of Business, Oxford University
Entrepreneur, Investor and Non-Executive Director
Professor of Entrepreneurship and Innovation, Saïd School of Business, Oxford University
Chief Executive, Invest Europe
Karen E. Wilson
Former Non-resident Fellow
Location & Contact
[email protected] +32 2 227 4212