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?
We examine the challenge entrepreneurial companies face in going beyond the start-up phase and growing into large successful companies. We examine the long-term financing of these so-called scale-up companies, focusing on the United States, Europe and Canada. We first provide a conceptual framework for understanding the challenges of financing scale-ups. We then show some data about the various aspects of financing scale-ups in the US, Europe and Canada. Finally we raise the question of long-term public policies to support the creation of a better scale-up environment.
Authors
Karen Wilson
Former Non-resident Fellow
Thomas Hellmann
Professor of Entrepreneurship and Innovation, Saïd School of Business, Oxford University
Gilles Duruflé
President, QCC Public Policy Forum on Venture Capital and Innovation
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