Improving access to early stage venture capital in regional economies: a new approach to investment readiness

Mason, C.M. and Harrison, R.T. (2004) Improving access to early stage venture capital in regional economies: a new approach to investment readiness. Local Economy, 19(2), pp. 159-173. (doi:10.1080/0269094042000203090)

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Abstract

It is now recognised that many businesses are unsuccessful in raising equity finance because they are not investment ready. This has prompted enterprise support organisations in various countries to develop investment ready programmes. In the UK, the emphasis of these programmes is on providing information on sources of finance and how to access them, and on presentational skills. These are necessary but not sufficient conditions to get a business investment ready because they do not address business development issues which discourage potential investors. These issues are generally company specific and often require the input of significant expertise in order to make a company investable. This paper reviews LINC Scotland's approach, which is based on investment facilitation. It suggests that this approach does effectively address the business development support component of investment readiness at limited public cost and provides useful lessons for the design of investment ready programmes.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Mason, Professor Colin
Authors: Mason, C.M., and Harrison, R.T.
College/School:College of Social Sciences > Adam Smith Business School > Management
Journal Name:Local Economy
ISSN:0269-0942
ISSN (Online):1470-9325

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