Financing early stages of innovation-based SMEs
- Author: United Nations
- Main Title: Fostering innovative entrepreneurship , pp 29-36
- Publication Date: December 2012
- DOI: https://doi.org/10.18356/3c71a562-en
- Language: English
The access to finance is considered one of the most important factors
influencing the development of entrepreneurship in general and of innovative enterprises
in particular. According to the EBRD survey conducted in 2009, as much as 47 per cent of
South-East European companies considered limited access to finance a significant
obstacle to their growth and development. In the same way, according to the World Bank
in 2008 access to finance was one of the major enterprise concerns in each of the
Central Asian economies. The existence of financial constraints reduces the likelihood
that a firm will undertake innovative projects. This concerns, in the first place, small
and medium-sized enterprises, which refer to the financing and related problems more
often than larger ones.
© United Nations
ISBN (PDF):
9789210553070
Book DOI:
https://doi.org/10.18356/01f68e18-en
Related Subject(s):
International Trade and Finance
Sustainable Development Goals:
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