Abstract Blockchain technology represents an emerging source of venture capital crowdfunding for creative ventures, specifically in the music industry. Although streaming is often portrayed as a success story, internet has fact been something false dawn recorded industry—particularly musicians. New ventures might obtain alternative entrepreneurial finance through token sales or Initial Coin Offerings. Policymakers can play role developing this form seed industries and beyond.

Abstract Social investors are supplying increasing amounts of finance to enterprises combining social and commercial objectives although these still more likely seek bank finance, suggesting that should focus on market gaps which occur for smaller, younger lack track record collateral. offer innovative ways only slightly less repayable than other small medium‐sized (SMEs), with being growth oriented also discouraged from borrowing. Where enterprise borrowing takes place, it is almost three...

Abstract Emerging trends from the developing venture capital industries of three smaller peripheral economies (Finland, New Zealand, and Estonia), demonstrate that government policy can overcome scale distance barriers to assist in establishing support innovative potential high growth ventures. Eight common themes for successful development are: new stimulation; dedicated finance institutions; stable, internationally harmonized tax regulations; business angel development; inward investment;...

Early-stage small- and medium-sized enterprise (SME) cleantech innovation, if properly funded, can initiate disruptive low-carbon reduction impacts across a wide range of sectors to meet climate change net zero requirements. The role venture capital (VC) finance in successfully commercializing new technologies remains contentious, particularly where socio-environmental returns may well be greater than the economic that are exclusive captures investors. This article addresses pertinent...

Following economic instability after the Global Financial Crisis, financing of small and medium-sized enterprise (SME) growth productivity has become central to UK government policy for sustainable development, evidenced by establishment British Business Bank Regional Investment Funds. This paper considers demand-side supply-side failures in contemporary SME finance market. Adopting mixed methods, binary logit regression analysis 2015 Small Survey 15,502 SMEs is sense-checked using...

The Autumn 2022 COP27 Conference of the Parties United Nations Framework Convention on Climate Change demonstrated that need for a clear research and policy agenda to assist financing early stage Cleantech green SMEs innovation practice adoption has never been greater.Green, cleantech innovators hold important keys unlocking vital globally game changing technologies can scale-up mitigate climate change humanity's wider environmental damage ensure planetary sustainability.The paper provides...

Co-investment funds – which invest alongside private investors, especially business angels thereby leveraging their networks and experience minimizing public sector transaction costs are a recent approach by governments in various countries to address the early stage entrepreneurial funding gap is perceived as barrier ability of firms scale-up. However, little literature exists on operation, impact effectiveness. This paper assesses operation UK’s Angel Fund, established 2011. Interview...

The need for a clear research and policy agenda to assist early stage Cleantech financing has never been greater. These businesses may hold important keys unlocking vital globally game changing technologies tackle climate change. This article provides an overview of recent academic literature proposes small- medium-sized enterprises (SME) finance. With growing interest in how support innovations that the emergency, there is evidence can private sector, civil society organizations...

How to commercialize university research and create positive socio-economic impact is a fundamental question that under explored. Considerable public funds are invested in universities globally knowledge then explore its viability exploit commercial value through supporting entrepreneurship. We how publicly funded commercialization of projects promote university's science technology (S&T) initiatives. Qualitative case studies, involving 45 interviews, examine three UK government-funded...

Abstract U.K. Government Venture Capital (GVC)‐backed schemes have evolved to provide more effective targeted funding for high growth potential firms, but policy designers should be cognizant of the changing external financing ecosystem when designing co‐investment schemes. We investigate effectiveness government backed venture capital (GVCs) in early stage entrepreneurial ventures. Addressing fundamental issues additionality, crowding out, economic impact, and sustainability, we discover...

Vast sums of public money are invested into universities globally as anchor institutions and knowledge bases providing seedbed resources for research development entrepreneurship. Focusing on university science technology we examine two U.K. case studies government support from the "Innovation Knowledge Centre" (IKC) program to translate industry innovation good. Although IKCs not tasked address climate change, demonstrate tremendous potential Cleantech development. An exploratory...

Purpose Energy and environment has gained traction within the field of entrepreneurship literature, but a comprehensive empirical study that examines relationship between cost energy small- medium-sized enterprise (SME) innovation is an omission. Therefore, this novel aims to examine SMEs in Sub-Saharan Africa (SSA) by first examining differential impact various generation sources on price electric energy. This research enabled us investigate understand transmission mechanism...

We investigate the role of entrepreneurs' human capital on potential newly created ventures to receive equity funding from Accelerators and Business Angels using a resource-based approach entrepreneurship theory. Using data 10,563 for-profit innovative ventures, we find significant differences between those two groups. More specifically, formal education founding experience entrepreneurial team is positively associated with likelihood but negatively Accelerators. Overall, our results are in...

The article examines the rapidly developing area of blockchain finance as a potential opportunity for new creative ventures to obtain external investment funding and generate revenues. We focus on music industry, an example how alternative Internet-based utilizing could provide opportunities start-up ongoing revenue streams. Our pioneering pilot research findings are drawn from literature review emerging case studies, grounded in academic gaps. Although some expect technology remove...

Purpose This paper aims to examine how blockchain technology is disrupting business models for new venture finance. Design/methodology/approach The role of in the evolution monetize creative economy explored by means a case study approach. focus on recorded music industry, which vanguard forms intermediation and financialization. There particular emerging artists. Findings provides novel insights concludes considering further research can contribute building theory technology-driven apply...

Purpose The purpose of this paper is to explore why, despite the development a hybrid investing logic, funding problems are so persistent for early-stage Cleantech ventures (“Cleantechs”). An institutional logics lens adopted analyze how key actors' perceptions and communications value proposition shape information asymmetries (IAs). Design/methodology/approach A mixed methods approach draws on 82 pitch decks 31 investment guidance documents, insights from interviews with 42 informants nine...

Abstract The paper addresses the persistent finance gaps facing young, innovative SMEs, by examining financing pathways of 40 UK businesses in a post global financial crisis (GFC) environment. Using unique combination escalator and resource‐based view theories four propositions are tested examining: (i) early growth stage development; (ii) innovation R&D investment horizons; (iii) management resource base; (iv) their implications. finds that successful strategies emerging, using mix...