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

创业精神对创造就业、经济增长和创新至关重要。考虑到创业和建立新公司的困难，公共和私人组织创建了风险发展计划，以帮助公司生存和成功。这些项目提供服务、教育和获取资源的途径。风险发展项目的例子包括政府创新资助、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发展项目。研究表明，这些方案总体上是有效的；然而，很少有研究关注这些项目的长期结果或参与企业的相对绩效。本研究通过确定企业家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成果，并确定每种类型的项目中最有用的元素，对新兴公司参与风险发展项目有了更深入的了解。本研究分为三个部分。第一部分通过整合几个来源建立了美国纳米技术公司的数据集，包括每个公司的详细信息，它在风险开发项目中的参与情况，以及公司？结果。这部分研究提供了参与不同项目的公司类型的洞察力。研究的下一部分统计分析了参与项目对公司成功的影响。包括企业倒闭、破产、清算、收购、后续融资和首次公开募股等多种积极和消极的企业结果，以发展对这些项目的丰富见解。本研究的最后一部分询问公司创始人关于他们参与风险发展计划的情况，以及他们参与这些计划如何影响他们的公司？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发展计划来影响其公司寿命的理解。了解企业家如何选择和参与这些项目，可以改善私营和公共部门提供的服务。影响科技企业成功的项目对创新、就业以及相关教育、研究和发展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支持风险成长、创新和国家竞争力的服务和经济资源的发展和可用性。

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.