Since the mid-nineties, the member countries have undertaken various initiatives to facilitate access of technology intensive SMEs (New Technology Based Firms'/NTBFs) to different forms of finance, by means of lowering entry barriers to the traditional R&D grants and developing seed capital market. However, empirical evidence points out that, despite the increasing availability of finance, European NTBFs' fail to grow to significant sizes as some of their US counterparts have done. This issue is of great importance because of the wealth created by NTBFs' and since they are at the forefront of technological development. Many European countries undertook therefore new initiatives to coach NTBFs, supplying upon financing also business coaching, management training or support, market prospects, etc. Each initiative (coaching organisation) has the same goal: nurturing high- tech, potentially high-growth firms, but the created models differs significantly. Our purpose is to provide a better insight in this scattered landscape of coaching high-growth NTBFs' by bringing several European actors together and by performing a benchmark analysis of the better European practices.
Funding SchemeTHN - Thematic network contracts
NE3 1AH Newcastle Upon Tyne
CB2 5GG Cambridge
CB3 9DE Cambridge