Skip to main content

Finance Capital, Market, and Policy

  • 472 Accesses

Part of the Future of Business and Finance book series (FBF)

Abstract

Capital, understood as nonhuman capital, is a diverse resource with a wide range of subgroups including venture capital, bank loans, research funding, “family, friends and fools,” and more. Money is an enabler, but a bad motivator. Founders believe in their ideas and their potential impact on society. The big difference between a startup with seed capital funding and an established company’s project budget is the perceived ownership of the money. The spirit of innovation is diametrically opposed to the many uncertainties of products and markets. Ecosystems that focus on a conservative view of the market will face growing disadvantages due to changing relationships between markets and demand. Demand is one of the most underestimated drivers for success in many regional innovation systems. The strategy for that is a consequence of policy, and is often our main window into the policies themselves.

This is a preview of subscription content, access via your institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • DOI: 10.1007/978-3-030-80639-2_3
  • Chapter length: 11 pages
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
eBook
USD   69.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-80639-2
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book
USD   89.99
Price excludes VAT (USA)

Notes

  1. 1.

    Botazzi L et al. (2001) Research, patents and the financing of ideas: Why is the EU growth potential so low? Economic analysis of the European Commission’s President.

  2. 2.

    http://theleanstartup.com/

  3. 3.

    Dechezlepretre A et al. (2016) Do tax incentives for research increase firm innovation? Center for economic performance, LSE.

  4. 4.

    Gaessler F et al. (2018) Should there be lower taxes on patent income? SSRN Scholarly Paper.

  5. 5.

    Andrews M (2019) How do institutions of higher education affect local invention? Evidence from the establishment of US colleges. Social Science research Network.

  6. 6.

    Valero A and Reenen J (2016) The economic impact of universities: Evidence from across the globe. National bureau of economic research.

  7. 7.

    Bottke P and Coyne C (2003) Entrepreneurship and Development: Cause or Consequence? Advances in Austrian Economics, Vol. 6, pp. 67–88.

  8. 8.

    https://data.worldbank.org/indicator/IC.REG.DURS, provided by Creative Commons Attribution 4.0 International License (CC BY 4.0).

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Ludovit Garzik .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and Permissions

Copyright information

© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this chapter

Verify currency and authenticity via CrossMark

Cite this chapter

Garzik, L. (2022). Finance Capital, Market, and Policy. In: Garzik, L. (eds) Successful Innovation Systems. Future of Business and Finance. Springer, Cham. https://doi.org/10.1007/978-3-030-80639-2_3

Download citation