Annals of Science and Technology Policy > Vol 8 > Issue 3

Policies for Scaling Up Technology-Based Firms

By Hans Löfsten, Chalmers University of Technology, Sweden, hans.lofsten@chalmers.se

 
Suggested Citation
Hans Löfsten (2024), "Policies for Scaling Up Technology-Based Firms", Annals of Science and Technology Policy: Vol. 8: No. 3, pp 212-299. http://dx.doi.org/10.1561/110.00000029

Publication Date: 30 Sep 2024
© 2024 H. Löfsten
 
Subjects
High technology,  New business financing,  Strategic management,  Corporate strategy,  Entrepreneurship and strategy,  Knowledge, innovation, and technology,  Technology management and strategy,  Government programs and public policy,  Small business and economic growth,  Industrial organization
 
Keywords
Policiesscaling upscaleupshigh-growth firmstechnology-based firms
 

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In this article:
1. Introduction
2. Growing Firms – Definitions and Product Life Cycles
3. Theoretical Framing
4. Method and Data
5. Findings – Public Reports
6. Findings—Scaling Up Knowledge-Intensive Firms in Seven Countries Outside EU
7. Analysis
8. Conclusions
Appendix
About the Author
Acknowledgements
References

Abstract

This study focuses on the scale up issue, which is crucial for numerous countries. The reason for policies in firms that want and have the opportunity to scale up their business is that these firms have a large potential to create job opportunities and economic development compared to investment in startups without any growth ambitions. The overall objective is therefore to study policies to facilitate technology-based firms’ scaling up. As a consequence of earlier research on high-growth firms, little attention has been paid to surviving and stable firms that may want to scale up. This study design comprises three main empirical areas: financial support, framework conditions and innovation systems. The first contribution of this study is that it is an empirical description of policies at the country level to support technology-based firms. The study also develops a conceptual model for evaluating policies to promote technology-based firms. The model consists of three dimensions: perspectives/actors, analysis, and evaluation. The results provide insights into (i) how policymakers can better examine crucial links between the scaleup populations and demand side policies and (ii) how policymakers can better comprehend the linkages between the three dimensions to evaluate policies.

DOI:10.1561/110.00000029
ISBN: 978-1-63828-408-6
104 pp. $75.00
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ISBN: 978-1-63828-409-3
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Table of contents:
1. Introduction
2. Growing Firms – Definitions and Product Life Cycles
3. Theoretical Framing
4. Method and Data
5. Findings – Public Reports
6. Findings—Scaling Up Knowledge-Intensive Firms in Seven Countries Outside EU
7. Analysis
8. Conclusions
Appendix
About the Author
Acknowledgements
References

Policies for Scaling Up Technology-Based Firms

Policies for Scaling Up Technology-Based Firms examines policies aimed at addressing specific issues faced by growing firms and scaleups. The reason for policies in firms that want and have the opportunity to scale up their business is that these firms have a large potential to create job opportunities and economic development compared to investment in startups without any growth ambitions. The overall objective is to study policies that facilitate technology-based firms’ scaling up. As a consequence of earlier research on high-growth firms, little attention has been paid to surviving and stable firms that may want to scale up.

This monograph comprises three main empirical areas: financial support, framework conditions and innovation systems. The first contribution is that it is an empirical description of policies at the country level to support technology-based firms. The monograph also develops a conceptual model for evaluating policies to promote technology-based firms. The model consists of three dimensions: perspectives/actors, analysis, and evaluation. The results provide insights into how policymakers can better examine crucial links between the scaleup populations and demand side policies and how policymakers can better comprehend the linkages between the three dimensions to evaluate policies.

 
ASTP-029