The government as venture capitalist: the long-run impact of the SBIR program
J Lerner - The Journal of Private Equity, 2000 - JSTOR
Government programs that finance small firms have attracted little empirical attention. This
article examines the largest US initiative, the Small Business Innovation Research program …
article examines the largest US initiative, the Small Business Innovation Research program …
The government as venture capitalist: The long-run effects of the SBIR program
J Lerner - 1996 - nber.org
Public programs to provide early-stage financing to firms, particularly high-technology
companies, have become commonplace in the United States and abroad. The long-run …
companies, have become commonplace in the United States and abroad. The long-run …
State governments as financiers of technology startups: Evidence from Michigan's R&D loan program
B Zhao, R Ziedonis - Research Policy, 2020 - Elsevier
State governments in the United States often fund and support technology startups within
their borders. Yet little is known about the magnitude with which these place-based policy …
their borders. Yet little is known about the magnitude with which these place-based policy …
When does funding research by smaller firms bear fruit?: Evidence from the SBIR program
This paper evaluates whether the relative concentration of funding for small, research-
oriented firms in a small number of high-technology industries is related to differences …
oriented firms in a small number of high-technology industries is related to differences …
When bureaucrats meet entrepreneurs: the design of effectivepublic venture capital'programmes
J Lerner - The economic journal, 2002 - academic.oup.com
Recently public efforts to finance small high‐technology firms have proliferated. We review
the motivations for these efforts and make some preliminary observations about their design …
the motivations for these efforts and make some preliminary observations about their design …
Financing innovation: Evidence from R&D grants
ST Howell - American economic review, 2017 - aeaweb.org
Governments regularly subsidize new ventures to spur innovation. This paper conducts the
first large-sample, quasi-experimental evaluation of R&D subsidies. I use data on ranked …
first large-sample, quasi-experimental evaluation of R&D subsidies. I use data on ranked …
Banks versus venture capital: Project evaluation, screening, and expropriation
M Ueda - The Journal of Finance, 2004 - Wiley Online Library
Why do some start‐up firms raise funds from banks and others from venture capitalists? To
address this question, I study a model in which the venture capitalist can evaluate the …
address this question, I study a model in which the venture capitalist can evaluate the …
Corporate venture capital and the creation of US public companies: The impact of sources of venture capital on the performance of portfolio companies
The role of large corporations as financiers of technology‐based start‐ups has increased
dramatically during the last few years. Direct venture capital investments made by the …
dramatically during the last few years. Direct venture capital investments made by the …
Private Investor Participation and Commercialization Rates for Government‐sponsored Research and Development: Would a Prediction Market Improve the …
An objective of the US Small Business Innovation Research (SBIR) programme is the private
sector commercialization of funded R&D projects. However, our estimate of the actual or …
sector commercialization of funded R&D projects. However, our estimate of the actual or …
Leveraging entrepreneurship through private investments: does gender matter?
Using project data from a random sample of Phase II research awards from the National
Institutes of Health SBIR program, we estimate the relative probability that woman-owned …
Institutes of Health SBIR program, we estimate the relative probability that woman-owned …