Valleys of Death and Darwinian Seas: Financing the Invention to Innovation Transition in the United States

By Philip E. Auerswald, L. Branscomb. 2003

367 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/3bf44910f38f7631ff931992fef4872176028c74

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Citations in the corpus

Entrepreneurship and entrepreneurial ecosystems (2018, background): “…research can identify habitual and serial entrepreneurs, who “recycle their money and knowledge back into the ecosystem” (Ensign & Farlow, 2016, p. 2; Auerswald & Branscomb, 2003; Garnsey & Heffernan, 2005), or people involved in the establishment of new firms as angels (Lawton Smith et al., 2005).”
Government, Venture Capital and the Growth of European High-Tech Entrepreneurial Firms (2014, background): “For example, Mazzucato (2011) and Auerswald and Branscomb (2003) show that IVCs often appear to shy away from risky high-tech entrepreneurial firms (i.e., the financial returns are not high enough to justify the investment risk), and they prefer business ideas (and associated firms) that are…”
Small business financing in the UK before and during the current financial crisis (2012, background): “…widely recognised that entrepreneurial activity and the growth of small businesses can be constrained by limited access to financial resources arising from imperfections in capital market allocations (Auerswald and Branscomb, 2003; Cressy, 2002; Revest and Sapio, 2010; Westhead and Storey, 1997).”
The adaptive life cycle of entrepreneurial ecosystems: the biotechnology cluster (2017, background): “They identified at least four of these challenges to be (1) differing motivations for research; (2) disjuncture between technologist and business manager; (3) sources of financing; and (4) enabling infrastructure, thus highlighting the complex interactions inherent in the internal and external dynam”
Reducing energy demand through low carbon innovation: A sociotechnical transitions perspective and thirteen research debates (2018, background): “A common manifestation of the absence of supportive contexts for innovations is the so-called ‘valley of death’ [49] between research or demonstration projects on the one hand and full-blown market commercialisation on the other.”
Addressing barriers to eco-innovation: Exploring the finance mobilisation functions of institutional innovation intermediaries (2016, background): “…public procurement programmes or public–private research partnerships in order to strengthen the technological capability to support the supply side (Audretsch and Lehmann, 2004; Auerswald and Branscomb, 2003; Edquist and Zabala-Iturriagagoitia, 2012; Hargadon, 2010; Link and Scott, 2010).”
Financing Renewable Energy: Who is Financing What and Why it Matters (2018, neutral): “Similarly, venture capital financing helps to solve the asymmetric information problem in the “Valley of Death” which requires carrying technologies from proof of concept to commercial scale (Auerswald and Branscomb, 2003).”
What really happens to small and medium-sized enterprises in a global economic recession? UK evidence on sales and job dynamics (2015, neutral): “…of capital availability on business performance especially sales is consistent with the traditional view that entrepreneurial activity, and the growth of small businesses, can be seriously constrained by limited access to financial resources (Auerswald and Branscomb, 2003; Revest and Sapio, 2010).”