Nanda Lab

Imperial College

- · United Kingdom

ERC-funded
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ERC Consolidator Grant · 2019

Financing Frictions in High-Potential Entrepreneurship

Entrepreneurship is widely accepted as a key driver of economic growth and is a central policy priority across the world, including in the EU through initiatives such as the EU’s Entrepreneurship 2020 Action Plan. While access to capital is viewed as one of the biggest hurdles to starting and growing a new business, the manner in which financing constraints for startups are invoked in academic work and policy frameworks is often poorly fleshed out. This lack of clarity is also reflected in the way policy makers sometimes invoke images of Silicon-Valley-type venture capital (VC) backed entrepreneurship when proposing reforms that are tailored towards small businesses with low growth…

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