RUI: Examining Early Stage Technology Firms' Use of Business Development Programs

创业精神对于创造就业、经济增长和创新至关重要。 鉴于创办和建立新公司的困难，公共和私人组织已经创建了风险发展计划，以帮助公司生存和成功。 这些方案提供服务、教育和资源。 风险开发计划的例子包括政府创新赠款、企业孵化器、私人加速器、大学孵化器和风险资本。 仅在美国，每年就有数十亿美元用于风险开发项目。工作表明，这些方案一般工作，但是，很少有研究着眼于这些方案的长期成果或参与公司的相对业绩。 本研究通过确定创业者如何以及为什么使用这些项目，研究发展项目如何影响公司的结果，并确定每种类型的项目中最有用的元素，来更深入地了解新生企业参与风险发展项目。第一部分建立了一个数据集的纳米技术公司在美国通过整合几个来源，包括每个公司的详细信息，其参与风险开发计划，和公司？结果。 研究的这一部分提供了对参与不同计划的公司类型的深入了解。 研究的下一部分从统计学的角度考察了参与项目对公司成功的影响。包括多个积极和消极的公司结果，如企业关闭，破产，清算，收购，后续融资和首次公开募股，以发展对这些计划的丰富见解。 本研究的最后一部分询问了公司创始人关于他们参与风险开发项目的情况，以及他们参与项目对公司的影响。结果。因此，这项研究扩展了我们对科技公司创始人如何通过参与风险开发计划来影响公司寿命的理解。了解企业家如何选择和参与这些计划可以改善私营和公共部门的产品。 影响技术风险投资成功的项目对创新、就业以及相关教育、研究和开发的联邦资助都很重要。因此，本研究支持政策制定者努力改善服务和经济资源的开发和可用性，以支持风险增长，创新和国家竞争力。

Entrepreneurship is critical for job creation, economic growth, and innovation. Given the difficulty of starting and building new firms, public and private organizations have created venture development programs to help firms survive and succeed. The programs offer services, education and access to resources. Examples of venture development programs include government innovation grants, business incubators, private accelerators, university-based incubators, and venture capital. Billions of dollars are spent each year on and by venture development programs in the U.S. alone. Work has shown that these programs generally work; however, few studies have looked at the long term outcomes of these programs or the relative performance of the participating firms. This study develops a deeper understanding of nascent firm participation in venture development programs by determining how and why entrepreneurs use these programs, examining how development programs influence firm outcomes, and identifying the most useful elements of each type of program.This research study has three parts. The first part builds a data set of nanotechnology firms in the U.S. by integrating several sources and includes detailed information about each firm, its participation in venture development programs, and the firms? outcomes. This part of the study provides insight into the types of firms that participate in the different programs. The next part of the study statistically examines how the participation in a program influences firm success. Multiple positive and negative firm outcomes are included such as business closure, bankruptcy, liquidation, acquisition, follow-on funding, and initial public offering to develop rich insights into these programs. The last part of this study asks firm founders about their participation in venture development programs and how their engagement of the programs influenced their firms? outcomes. Thus, this research expands our understanding of how technology firm founders can influence the longevity of their firms by participating in venture development programs. Understanding how entrepreneurs choose and engage these programs can improve the offerings from both the private and public sectors. Programs that influence the success of technology ventures are important for innovation, employment, and the federal funding of related education, research and development. Thus, this study supports policy makers in their endeavors to improve the development and availability of services and economic resources that support venture growth, innovation and national competitiveness.