Entrepreneurial finance plays a critical role in driving technological innovation from "summary" of Developments in Entrepreneurial Finance and Technology by Audretsch, David B.,Belitski, Maksim,Rejeb, Nada,Caiazza, Rosa
Entrepreneurial finance serves as a crucial catalyst in the process of technological innovation. By providing the necessary financial resources to entrepreneurs and start-ups, it enables them to pursue their innovative ideas and bring them to fruition. This financial support allows entrepreneurs to invest in research and development, acquire cutting-edge technology, and hire skilled employees, all of which are essential for driving technological advancements. Moreover, entrepreneurial finance plays a significant role in mitigating the inherent risks associated with technological innovation. The uncertain and risky nature of innovation often deters traditional financial institutions from providing funding to innovative ventures. In such cases, entrepreneurial finance steps in to fill the...
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