Role of the Financial Institutions of a Community in the Formation, Effectiveness and Expansion of Innovating Companies

摘要

The study reported here is about the initial financing of new ventures or company startups. The study was carried out for the Office of Economic Research of the Chief Counsel for Advocacy of the Small Business Administration (SBA) in pursuit of its interest in developing the body of knowledge concerning 'the capabilities of financial markets and institutions to supply capital for small business' in order to develop relevant policy options that are both feasible and useful.