Starting up and Growing New Businesses
Edited by Bart Clarysse, Juan Roure and Tom Schamp
1. 1.1 INTRODUCTION Relevance As we move into the goals of the Lisbon Strategy of mobilizing and exchanging the knowledge and good practice of academia and industry, the role of entrepreneurship, innovation and the ﬁnancing of such activities becomes more important. The objective is no longer reduced to fostering the creation of new and technology-based ﬁrms, but to make these ﬁrms grow to be able to compete in the European and global market. Central to achieving this goal is the issue of how to transfer technology from universities to the market, how to manage professionally these new ﬁrms, and how to facilitate growth processes within these ﬁrms. 1.2 Context and Objective Researchers in the area of entrepreneurship and innovation often come from diﬀerent academic disciplines and there is no instrument that ensures the dissemination of their ﬁndings to other interested parties, in particular to policy makers. The organization of specialized research workshops and the publication of the workshop proceedings facilitate the exchange of knowledge in the entrepreneurship ﬁeld and channel this knowledge towards European politicians, more in particular the European Commission’s DG Enterprise and Industry. The central theme for this research workshop was ‘Managing growth: the role of private equity’. The objective of the specialized research workshop is to collect the insights of leading academics and researchers on the subject; in casu to promote a better understanding of the role of private equity providers in the development of growth-oriented start-ups and the management of growth processes. The purpose of...