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A lifeline for Europe's young radical innovators. Bruegel Policy Brief 2009/01, March 2009

Veugelers, Reinhilde. (2009) A lifeline for Europe's young radical innovators. Bruegel Policy Brief 2009/01, March 2009. [Policy Paper]

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    Abstract

    Europe’s young, dynamic, high-growth firms are in a precarious position, despite their pivotal role in bringing radically new innovations to market. EU start-ups face higher entry and growth barriers than their counterparts in the United States, and consequently Europe has fewer young innovative companies (YICs) than the US. Those that Europe does have are less R&D intensive. The main barriers to innovation are access to finance and the difficulty that YICs have in accruing the benefits from their innovations. In the current crisis, YICs must also adapt to a double whammy of credit that is even more constrained than usual, and higher bankruptcy risk. Policymakers must provide support for these firms, and they must get their policy interventions right.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > innovation policy
    EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 25 Mar 2009
    Page Range: p. 8
    Last Modified: 15 Feb 2011 18:09
    URI: http://aei.pitt.edu/id/eprint/10579

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