FINANCING INNOVATION IN ROMANIA
This article based on an examination of empirical literature, analyses the financing of innovative enterprises in Romania and presents the characteristics of Romanian policies in this regard. It sets forth an estimation of the number of innovative enterprises in Romania based on figures from differe...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University Publishing House
2012-05-01
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| Series: | Challenges of the Knowledge Society |
| Subjects: | |
| Online Access: | http://cks.univnt.ro/uploads/cks_2012_articles/index.php?dir=04_mediation%2F&download=cks_2012_mediation_art_001.pdf |
| _version_ | 1819002624716832768 |
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| author | SORIN SERBAN |
| author_facet | SORIN SERBAN |
| author_sort | SORIN SERBAN |
| collection | DOAJ |
| description | This article based on an examination of empirical literature, analyses the financing of innovative enterprises in Romania and presents the characteristics of Romanian policies in this regard. It sets forth an estimation of the number of innovative enterprises in Romania based on figures from different sources. Assessing the role of financial restrictions on innovation reveals that a firm is facing obstacles to finance its innovative activities but also other difficulties to innovate which appears to be enhanced. This article also puts forward the role of different financing actors and instruments at different stages of the firm's life cycle and emphasizes the function of proximity capital in filling the gap between supply and demand of financing. Finally a framework for policy is recommended. |
| first_indexed | 2024-12-20T23:08:04Z |
| format | Article |
| id | doaj.art-953dda255e804af4ba6a1d2f623a82ae |
| institution | Directory Open Access Journal |
| issn | 2068-7796 |
| language | English |
| last_indexed | 2024-12-20T23:08:04Z |
| publishDate | 2012-05-01 |
| publisher | Nicolae Titulescu University Publishing House |
| record_format | Article |
| series | Challenges of the Knowledge Society |
| spelling | doaj.art-953dda255e804af4ba6a1d2f623a82ae2022-12-21T19:23:49ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962012-05-012-19521973FINANCING INNOVATION IN ROMANIASORIN SERBANThis article based on an examination of empirical literature, analyses the financing of innovative enterprises in Romania and presents the characteristics of Romanian policies in this regard. It sets forth an estimation of the number of innovative enterprises in Romania based on figures from different sources. Assessing the role of financial restrictions on innovation reveals that a firm is facing obstacles to finance its innovative activities but also other difficulties to innovate which appears to be enhanced. This article also puts forward the role of different financing actors and instruments at different stages of the firm's life cycle and emphasizes the function of proximity capital in filling the gap between supply and demand of financing. Finally a framework for policy is recommended.http://cks.univnt.ro/uploads/cks_2012_articles/index.php?dir=04_mediation%2F&download=cks_2012_mediation_art_001.pdfClusterIncubatorInnovationPrivate EquityVenture capital |
| spellingShingle | SORIN SERBAN FINANCING INNOVATION IN ROMANIA Challenges of the Knowledge Society Cluster Incubator Innovation Private Equity Venture capital |
| title | FINANCING INNOVATION IN ROMANIA |
| title_full | FINANCING INNOVATION IN ROMANIA |
| title_fullStr | FINANCING INNOVATION IN ROMANIA |
| title_full_unstemmed | FINANCING INNOVATION IN ROMANIA |
| title_short | FINANCING INNOVATION IN ROMANIA |
| title_sort | financing innovation in romania |
| topic | Cluster Incubator Innovation Private Equity Venture capital |
| url | http://cks.univnt.ro/uploads/cks_2012_articles/index.php?dir=04_mediation%2F&download=cks_2012_mediation_art_001.pdf |
| work_keys_str_mv | AT sorinserban financinginnovationinromania |