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Regional Dimensions of Venture Capital in Sweden

Lüken, Harmke LU (2020) EKHS35 20201
Department of Economic History
Abstract (Swedish)
Sweden consistently ranks among the most innovative economies in the world. Further, Sweden displays the highest venture capital per capita investments in Europe. From the literature, it can be derived that venture capital is regionally clustered, and that innovation in Sweden occurs in regional innovation systems. However, previous research provides no evidence concerning the relation between regional innovation and venture capital in Sweden. Thus, this study explores the regional dimensions of venture capital and its relation to regional development in Scania, West-Sweden, and Stockholm. By creating a theoretical framework, this thesis follows a mixed method approach to explore the regional dynamics of venture capital. The first approach... (More)
Sweden consistently ranks among the most innovative economies in the world. Further, Sweden displays the highest venture capital per capita investments in Europe. From the literature, it can be derived that venture capital is regionally clustered, and that innovation in Sweden occurs in regional innovation systems. However, previous research provides no evidence concerning the relation between regional innovation and venture capital in Sweden. Thus, this study explores the regional dimensions of venture capital and its relation to regional development in Scania, West-Sweden, and Stockholm. By creating a theoretical framework, this thesis follows a mixed method approach to explore the regional dynamics of venture capital. The first approach explores the characteristics of venture capital flows in Sweden. The results indicate that more than half of all venture capital flows towards the regions this study is concerned with. Most venture capital deals are observed in innovative business sectors. The second approach qualitatively investigates salient development paths concerning regions and sectors that secure most venture capital funding. Path upgrading and path diversification were found to be salient development paths in all regions, which relates to findings from step one where venture capital was identified to flow towards pre-existing innovation systems. This study concludes that venture capital is highly regional and supports regional development. However, the field requires further attention from scholars to investigate the relation between venture capital and regional innovation systems and its developments empirically. (Less)
Please use this url to cite or link to this publication:
author
Lüken, Harmke LU
supervisor
organization
alternative title
An appraisal of regional innovation systems, venture capital and regional development in selected Swedish regions
course
EKHS35 20201
year
type
H2 - Master's Degree (Two Years)
subject
language
English
id
9030652
date added to LUP
2020-10-22 07:39:52
date last changed
2020-10-22 07:39:52
@misc{9030652,
  abstract     = {{Sweden consistently ranks among the most innovative economies in the world. Further, Sweden displays the highest venture capital per capita investments in Europe. From the literature, it can be derived that venture capital is regionally clustered, and that innovation in Sweden occurs in regional innovation systems. However, previous research provides no evidence concerning the relation between regional innovation and venture capital in Sweden. Thus, this study explores the regional dimensions of venture capital and its relation to regional development in Scania, West-Sweden, and Stockholm. By creating a theoretical framework, this thesis follows a mixed method approach to explore the regional dynamics of venture capital. The first approach explores the characteristics of venture capital flows in Sweden. The results indicate that more than half of all venture capital flows towards the regions this study is concerned with. Most venture capital deals are observed in innovative business sectors. The second approach qualitatively investigates salient development paths concerning regions and sectors that secure most venture capital funding. Path upgrading and path diversification were found to be salient development paths in all regions, which relates to findings from step one where venture capital was identified to flow towards pre-existing innovation systems. This study concludes that venture capital is highly regional and supports regional development. However, the field requires further attention from scholars to investigate the relation between venture capital and regional innovation systems and its developments empirically.}},
  author       = {{Lüken, Harmke}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Regional Dimensions of Venture Capital in Sweden}},
  year         = {{2020}},
}