What is the role of informal venture capital?

Associate Professor Kristina Nyström and PhD Sofia Avdeitchikova argue that the overall level of access to informal venture capital is positively related to general entrepreneurship and ambitious entrepreneurship in terms of innovativeness but not so much to innovativeness of the entrepreneurial activities in their recent article.

This article is part of the project Financing of Innovations. Read the abstract or article in International Review of Entrepreneurship here.