Change search
ReferencesLink to record
Permanent link

Direct link
Innovation and Venture Capital: - A minor case study on the Swedish venture capital industry's effect on innovation
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
2013 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

A country’s economic growth is often related to its ability to be innovative. Innovation is unluckily difficult to measure and it is hard to find a specific source of innovation. Start-ups/new firms are however one of those specific sources. One investment type that has specialized in investing in young and highly technological portfolio-companies is venture capital. This thesis therefore aims to investigate the impact that the venture capital industry has on young and innovative companies in Sweden by a literature review and a quantitative study of approximately 60 different companies. By firstly thoroughly examining the underlying scientific theory for this subject and furthermore examining both the international as well as the Swedish venture capital industry it was possible to conduct an empirical study. A selection of young companies was taken from an impartial source and then identified as innovative or not by Schumpeter’s definition of innovation. Moreover these companies were investigated on the premises on whether they had been invested in by venture capital or not. It was found that the Swedish venture capital industry is highly involved in young and innovative Swedish companies, and a linkage between innovation and venture capital exists. However the answer to the question on whether it is venture capital that drives innovation or if it is already innovative companies that attract venture capital is inconclusive in this thesis and future studies in this field is needed.

Place, publisher, year, edition, pages
2013. , 34 p.
Keyword [en]
innovation, venture capital, finance, entrepreneurship
National Category
Engineering and Technology
URN: urn:nbn:se:kth:diva-123676OAI: diva2:628471
Educational program
Master of Science - Entrepreneurship and Innovation Management
Available from: 2013-11-19 Created: 2013-06-14 Last updated: 2013-11-19Bibliographically approved

Open Access in DiVA

fulltext(1211 kB)236 downloads
File information
File name FULLTEXT02.pdfFile size 1211 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Timell, Fredrik
By organisation
Industrial Economics and Management (Dept.)
Engineering and Technology

Search outside of DiVA

GoogleGoogle Scholar
Total: 236 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 496 hits
ReferencesLink to record
Permanent link

Direct link