The importance of SMEs for economic growth and employment has long been recognised, although the entrepreneurial activity in SMEs has not been understood all that well. In the light of this, a better understanding of entrepreneurs and their local environment might be helpful, since these are usually key factors in the discovery and exploitation of new opportunities. In order to research this situation into more details, a framework taking into account aspects of social, human and financial capita has been developed. Therefore, the purpose of this paper is to address the influence of these factors on the entrepreneurial process in technology based new ventures.
Entrepreneurship; Financial Capital; Human Capital; Social Capital
Main Research Area:
13th Nordic Small Business Research Conference, 2004