Promoting Entrepreneurship:how risk capital companies and business incubators select their projects and how satisfied are they with their choices

Gaspar, Fernando

http://hdl.handle.net/10400.15/3086

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Authors

Gaspar, Fernando

Abstract(s)

This communication is the partial result of a wider research project and presents an analysis of the selection criteria used by risk capital companies and business incubators in Portugal, in 2003. In this analysis it is concluded that the criteria differ, since the risk capitals worry more about the type of opportunity in analysis, whereas the incubators attribute greater importance to the innovativeness of the project, to its growth potential and to the quality of the business plan they received. Both believe that the profile of the entrepreneur is important, but the risk capitals worry more about the experience and the incubators with the formation of the entrepreneur. There is also an analysis of the criteria risk capitals and incubators use to evaluate the performance of the startups they supported. While the first give greater importance to profitability and sales, the later are more concerned with market share and growth in the number of employees. Finally, this communication evaluates and compares how happy risk capitals and business incubators are with the performance of the startups they supported. The later show a higher level of happiness.