Edited by David B. Audretsch, Distinguished Professor, Indiana University, USA, and Professor, the aspire! Center for Entrepreneurship, Innovation and Social Competence, University of Klagenfurt, Austria, Maksim Belitski, Henley Business School, University of Reading, UK, ICD Business School of Paris, France, Nada Rejeb, PSB Paris School of Business, France and Rosa Caiazza, Parthenope University of Naples, Italy

‘The intellectual breadth of Audretsch, Belitski, Rejeb, and Caiazza is exemplified in this collection of papers on entrepreneurial finance and technology. The eminent scholars who contributed exhibited through their writings cutting edge insight on the integration of two important fields of study. A must read.’

• ContentsList of contributors viiIntroduction to entrepreneurial finance and technology xviDavid B. Audretsch, Maksim Belitski, Nada Rejeb and Rosa CaiazzaPART I TECHNOLOGY AND ENTREPRENEURIAL CONTEXT1 The technological dilemma for entrepreneurial leaders:who drives innovation? 2Lebene Richmond Soga, Kofi Osei-Frimpong and Rita Nasr2 Startups and regional entrepreneurial ecosystems: theRussian case 23Stepan Zemtsov and Alexander Mikhaylov3 Women serial high-tech entrepreneurs: a literature reviewand research agenda 39María José Ibáñez and Maribel Guerrero4 Big data analytics and internationalisation in Italian firms 67Martina Aronica, Davide Piacentino and Pasquale Massimo Picone5 Science, entrepreneurship, and spin-off diversity 82Deepa Scarrà6 Entrepreneurial university stakeholders and theircontribution to knowledge and technologies transfer 90Natalya RadkoPART II FINANCING FOR ENTREPRENEURSHIP7 The invention and diffusion of venture capital: whenknowledge married capital 118Henry Etzkowitz, Chunyan Zhou and Rosa Caiazza8 Public sector entrepreneurship, principal investigators, andentrepreneurial effectuation 130James A. Cunningham, Matthias Menter and Kayleigh Watson9 A systematic literature review of reward-based crowdfunding 146Wendy Chen10 Business angels’ ties with entrepreneurs 182Mahsa Samsami, Hoda El Kolaly and Thomas Schøtt11 Exploring the landscape of corporate venture capital andcorporate accelerators in Germany 199Nikolaus Seitz and Patrick Haslanger12 Non-accounting drivers of start-up valuation by early-stageequity investors: literature review and future research agenda 227Daniel Agyare, Davide Hahn, Tommaso Minola and SilvioVismaraIndex

Edited by David B. Audretsch, Distinguished Professor, Indiana University, USA, and Professor, the aspire! Center for Entrepreneurship, Innovation and Social Competence, University of Klagenfurt, Austria, Maksim Belitski, Henley Business School, University of Reading, UK, ICD Business School of Paris, France, Nada Rejeb, PSB Paris School of Business, France and Rosa Caiazza, Parthenope University of Naples, Italy

‘The intellectual breadth of Audretsch, Belitski, Rejeb, and Caiazza is exemplified in this collection of papers on entrepreneurial finance and technology. The eminent scholars who contributed exhibited through their writings cutting edge insight on the integration of two important fields of study. A must read.’

• ContentsList of contributors viiIntroduction to entrepreneurial finance and technology xviDavid B. Audretsch, Maksim Belitski, Nada Rejeb and Rosa CaiazzaPART I TECHNOLOGY AND ENTREPRENEURIAL CONTEXT1 The technological dilemma for entrepreneurial leaders:who drives innovation? 2Lebene Richmond Soga, Kofi Osei-Frimpong and Rita Nasr2 Startups and regional entrepreneurial ecosystems: theRussian case 23Stepan Zemtsov and Alexander Mikhaylov3 Women serial high-tech entrepreneurs: a literature reviewand research agenda 39María José Ibáñez and Maribel Guerrero4 Big data analytics and internationalisation in Italian firms 67Martina Aronica, Davide Piacentino and Pasquale Massimo Picone5 Science, entrepreneurship, and spin-off diversity 82Deepa Scarrà6 Entrepreneurial university stakeholders and theircontribution to knowledge and technologies transfer 90Natalya RadkoPART II FINANCING FOR ENTREPRENEURSHIP7 The invention and diffusion of venture capital: whenknowledge married capital 118Henry Etzkowitz, Chunyan Zhou and Rosa Caiazza8 Public sector entrepreneurship, principal investigators, andentrepreneurial effectuation 130James A. Cunningham, Matthias Menter and Kayleigh Watson9 A systematic literature review of reward-based crowdfunding 146Wendy Chen10 Business angels’ ties with entrepreneurs 182Mahsa Samsami, Hoda El Kolaly and Thomas Schøtt11 Exploring the landscape of corporate venture capital andcorporate accelerators in Germany 199Nikolaus Seitz and Patrick Haslanger12 Non-accounting drivers of start-up valuation by early-stageequity investors: literature review and future research agenda 227Daniel Agyare, Davide Hahn, Tommaso Minola and SilvioVismaraIndex

Edited by David B. Audretsch, Distinguished Professor, Indiana University, USA, and Professor, the aspire! Center for Entrepreneurship, Innovation and Social Competence, University of Klagenfurt, Austria, Maksim Belitski, Henley Business School, University of Reading, UK, ICD Business School of Paris, France, Nada Rejeb, PSB Paris School of Business, France and Rosa Caiazza, Parthenope University of Naples, Italy

‘The intellectual breadth of Audretsch, Belitski, Rejeb, and Caiazza is exemplified in this collection of papers on entrepreneurial finance and technology. The eminent scholars who contributed exhibited through their writings cutting edge insight on the integration of two important fields of study. A must read.’

• ContentsList of contributors viiIntroduction to entrepreneurial finance and technology xviDavid B. Audretsch, Maksim Belitski, Nada Rejeb and Rosa CaiazzaPART I TECHNOLOGY AND ENTREPRENEURIAL CONTEXT1 The technological dilemma for entrepreneurial leaders:who drives innovation? 2Lebene Richmond Soga, Kofi Osei-Frimpong and Rita Nasr2 Startups and regional entrepreneurial ecosystems: theRussian case 23Stepan Zemtsov and Alexander Mikhaylov3 Women serial high-tech entrepreneurs: a literature reviewand research agenda 39María José Ibáñez and Maribel Guerrero4 Big data analytics and internationalisation in Italian firms 67Martina Aronica, Davide Piacentino and Pasquale Massimo Picone5 Science, entrepreneurship, and spin-off diversity 82Deepa Scarrà6 Entrepreneurial university stakeholders and theircontribution to knowledge and technologies transfer 90Natalya RadkoPART II FINANCING FOR ENTREPRENEURSHIP7 The invention and diffusion of venture capital: whenknowledge married capital 118Henry Etzkowitz, Chunyan Zhou and Rosa Caiazza8 Public sector entrepreneurship, principal investigators, andentrepreneurial effectuation 130James A. Cunningham, Matthias Menter and Kayleigh Watson9 A systematic literature review of reward-based crowdfunding 146Wendy Chen10 Business angels’ ties with entrepreneurs 182Mahsa Samsami, Hoda El Kolaly and Thomas Schøtt11 Exploring the landscape of corporate venture capital andcorporate accelerators in Germany 199Nikolaus Seitz and Patrick Haslanger12 Non-accounting drivers of start-up valuation by early-stageequity investors: literature review and future research agenda 227Daniel Agyare, Davide Hahn, Tommaso Minola and SilvioVismaraIndex