The chapter aims to investigate the profile of start-up firms, in terms of features of the entrepreneur and entrepreneurial project, with regard to their likelihoods of obtaining support through public funding. Using data of 214 start-ups applied to the public call for the funding program implemented with the 2013-2016 "Start-Up Start-Hope” program promoted by the Abruzzo Region in Italy and funded by the European Social Fund, the main result from the estimated logistic model is that, generally, the key factor determining the probability of receiving public funding support is the entrepreneurs’ age. Specifically, older entrepreneurs and entrepreneurial teams have a lower probability to be awarded by the public program compared to younger ones. Nevertheless, the other project and firm selected variables for the analysis (firm size, project value and type of financing based on the stage development of the firm) are not significant factors determining the probability of receiving public funding support.

What start-up firms are more likely to obtain public funding support? A systematic analysis of the funding program promoted by the Abruzzo Region in Italy

DE LUCA, Francesco;
2019

Abstract

The chapter aims to investigate the profile of start-up firms, in terms of features of the entrepreneur and entrepreneurial project, with regard to their likelihoods of obtaining support through public funding. Using data of 214 start-ups applied to the public call for the funding program implemented with the 2013-2016 "Start-Up Start-Hope” program promoted by the Abruzzo Region in Italy and funded by the European Social Fund, the main result from the estimated logistic model is that, generally, the key factor determining the probability of receiving public funding support is the entrepreneurs’ age. Specifically, older entrepreneurs and entrepreneurial teams have a lower probability to be awarded by the public program compared to younger ones. Nevertheless, the other project and firm selected variables for the analysis (firm size, project value and type of financing based on the stage development of the firm) are not significant factors determining the probability of receiving public funding support.
9783030196851
9783030196844
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11564/702860
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 2
  • ???jsp.display-item.citation.isi??? ND
social impact