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    The Impact of Venture Capital On Deep-Tech Startup's Growth

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    Elias Ketema Gebru
    Venture capital is associated with some of the most rapidly growing and influential technological companies. The strengths of the venture capital model have been effectively articulated by academics and policymakers. At the same time, venture capital financing became increasingly influential in the deep technology start-up ecosystem, and there was a need to investigate the industry's growth impact of financing. Hence, this thesis focuses on the research area that is initiated by Industrifonden,

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    The Impact of Venture Capital On Deep-Tech Startup's Growth

    Uploaded by

    Elias Ketema Gebru
    39 views3 pages
    Venture capital is associated with some of the most rapidly growing and influential technological companies. The strengths of the venture capital model have been effectively articulated by academics and policymakers. At the same time, venture capital financing became increasingly influential in the deep technology start-up ecosystem, and there was a need to investigate the industry's growth impact of financing. Hence, this thesis focuses on the research area that is initiated by Industrifonden,

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    The Impact of Venture Capital on Deep-Tech Startup’s Growth

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    Venture capital is associated with some of the most rapidly growing and influential technological companies. The strengths of the venture capital model have been effectively articulated by academics and policymakers. At the same time, venture capital financing became increasingly influential in the deep technology start-up ecosystem, and there was a need to investigate the industry's growth impact of financing. Hence, this thesis focuses on the research area that is initiated by Industrifonden,

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    39 views3 pages

    The Impact of Venture Capital On Deep-Tech Startup's Growth

    Uploaded by

    Elias Ketema Gebru
    Venture capital is associated with some of the most rapidly growing and influential technological companies. The strengths of the venture capital model have been effectively articulated by academics and policymakers. At the same time, venture capital financing became increasingly influential in the deep technology start-up ecosystem, and there was a need to investigate the industry's growth impact of financing. Hence, this thesis focuses on the research area that is initiated by Industrifonden,

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    The Impact of Venture Capital on Deep-Tech

    Startup’s Growth
    An empirical analysis on Startups leaving University Incubators

    AUTHOR: Elias Ketema Gebru Thesis Supervisor Thesis Commissioner


    KTH Industrial Engineering and Management Terrence Brown Industrifonden
    School of Industrial Management Professor, INDEK, KTH Stockholm, Sweden.
    SE-100 44 STOCKHOLM Stockholm Sweden
    Abstract
    Venture capital is associated with some of the most rapidly growing and influential technological
    companies. The strengths of the venture capital model have been effectively articulated by academics
    and policymakers. At the same time, venture capital financing became increasingly influential in the
    deep technology start-up ecosystem, and there was a need to investigate the industry's growth impact
    of financing. Hence, this thesis focuses on the research area that is initiated by Industrifonden, an
    early-stage venture capital fund in Sweden. This study has chosen to investigate and answer the
    growth impact analysis in two key areas: timing (is timing of financing an independent factor for the
    growth of deep tech start-ups?) and sector based financing (Is Venture capital financing sector
    based?). The data comes from a cohort of start-ups (143 start-ups from 2010 to 2019) that are
    representative of deep-tech and non-deep-tech firms in Sweden, according to the Retriever Business
    Database in association with KTH Library. As the performance can be explained through the growth of
    the firms, the result shows that timing of funding has a statistically significant impact on the growth of
    the firm. The findings indicate a higher positive correlation between timing and start-ups' growth, but
    sector based financing is statistically insignificant for deep tech start-up growth.
    GIA Model
    What is GIA-model:
    This study has developed a preliminary Growth Impact Analysis model
    (GIA-model). The GIA-model is proposed primarily to aid in the growth
    impact analysis of VC funding and startup companies . The objective of
    the GIA-model is to identify the growth pattern between VC funding
    and firms growth (focused on deep tech startups) by using major
    variable.

    Why Timing & sector based financing


    matters?
    • Stages of funding related to stages of
    growth.
    Timing?
    • Startups which uses advanced technology
    needs a longer and different stages of
    timing

    • In last 10 years VC funds goes to Tech


    Sector? startups, especially, advanced technology
    Financial Value startups
    Contributions • According to european and nordic VC
    annual report, deep tech startups have got
    more investments than any other sectors.
    • Deep-tech startups have risky innovation
    but believed by many researchers to reach
    3 market and IPO.

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