Policies for Seed and Early Stage Finance

OECD Science, Technology and Industry Policy Papers No. 9, DOI: 10.1787/5k3xqsf00j33-en

82 Pages Posted: 10 Feb 2014

See all articles by Karen E. Wilson

Karen E. Wilson

Organization for Economic Co-Operation and Development (OECD)

Filipe Silva

Organization for Economic Co-Operation and Development (OECD) - Directorate for Science, Technology and Industry (STI)

Date Written: October 25, 2013

Abstract

This report highlights the growth in support for financial instruments for seed and early stage firms across OECD member countries. These instruments include grants, loans and guarantee schemes, tax incentives and equity funds. This increased support is linked to the recent financial crisis and the growing concern about young firms’ access to finance. The paper notes that framework conditions play an important role in access to finance and must be taken into consideration as a significant part of the policy mix. Demand-side policies to develop entrepreneurial and investment talent and networks are also critical. The role of evaluation and the need to better link policy objectives and outcomes are also discussed.

Keywords: seed and early stage finance, policy, entrepreneurship, innovation, young firms, access to finance, tax incentives, equity instruments, ecosystems, framework conditions

JEL Classification: A10, F00, F30, G00, G10, G18, G24, H00, M00, O00

Suggested Citation

Wilson, Karen E. and Silva, Filipe, Policies for Seed and Early Stage Finance (October 25, 2013). OECD Science, Technology and Industry Policy Papers No. 9, DOI: 10.1787/5k3xqsf00j33-en. Available at SSRN: https://ssrn.com/abstract=2392929 or http://dx.doi.org/10.2139/ssrn.2392929

Karen E. Wilson (Contact Author)

Organization for Economic Co-Operation and Development (OECD) ( email )

Paris
France

HOME PAGE: http://www.oecd.org

Filipe Silva

Organization for Economic Co-Operation and Development (OECD) - Directorate for Science, Technology and Industry (STI) ( email )

Paris
France

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